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Publication 60—Winter Canola

Author: John Molenhuis - Business Analysis and Cost of Production Program Lead/OMAFRA
Creation Date: 11 December 2008
Last Reviewed: 09 April 2009

Winter Canola

Operating Expenses
(costs based on projected yield of 1.3 tonne/ac)
 Sample Costs/Acre Your Farm Budget
Seed* - 3.5 lbs/acre - hybrid, treated
37.50
  
Fertilizer** - 114 kg/ac N (196 kg/ha urea + 113 kg/ha ammonium sulphate)1
110.85
  
Fertilizer - 20 kg/ha P
14.60
  
Fertilizer - 20 ka/ha K
12.95
  
Herbicide - volunteer cereal control
8.30
  
Insecticide, if required (Cabbage Seedpod Weevil)
7.15
  
Fungicide, if required
   
  
Tractor and Machine Expenses - Fuel (9 L) lubricants
8.85
  
Repairs and maintenance
13.05
  
Marketing Fees ($4.00/tonne)
5.20
  
Crop insurance
18.85
  
Custom work (fertilizer application, mixing & delivery)
9.05
  
Custom work (2 pesticide applications)
18.05
  
Custom work (other)
  
  
Trucking ($7.05/tonne)
9.20
  
Storage
  
  
Land rent
  
  
Operator labour (self or hired)
6.40
  
Interest on operating
7.00
  
Total Operating Expenses
287.00
  

Revenue
 Your Farm Budget
Expected yield _______________
 
Expected price _______________
 
Total Market Revenue (Yield x Price)
 
Program payment
 
Total Revenue
 
Gross Margin (Revenue - Operating Expenses)
 

<
Overhead Expenses
 Sample Costs/Acre Your Farm Budget
Machinery - Depreciation
18.90
  
Machinery - Interest on investment
13.50
  
Land
   
Other overhead
4.30
  
Total Expenses (Hybrid)
323.70
  
* Seeding rate recommended range is 3 - 5 lbs/acre. The lower rate may be difficult to achieve with some seed drills.
** Fertilizer recommendation is for a field testing low in phosphorus and potassium. Additional nitrogen in the fall may be beneficial if seeding is delayed.
1.45 kg/ac ammonium sulphate supplies 24 lb/ac sulphur.

2009 Crop Comparison Summary Table for Selected Field Crops ($/acre)*

| Alfalfa-Timothy Hay | Barley | Spring Canola | Winter Canola |

| Coloured Beans | Grain Corn | Grain Corn - Genetically Enhanced Hybrids |

| Silage Corn | Flax | Oats |

| Organic - Grain Corn and Soybeans | Organic - Winter Wheat and Spelt | Organic - Barley and Oats |

| Soybeans | Soft Winter Wheat | Hard Red Winter Wheat |

| Hard Red Spring Wheat | White/Black Beans |

| Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) Resources |

| Related Links |

For more information:
Toll Free: 1-877-424-1300
Local: (519) 826-4047
E-mail: ag.info.omafra@ontario.ca