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CANOLA A Valuable Tool for Willamette Valley Grass & Grain Farmers

A Valuable Tool for Willamette Valley Grass & Grain Farmers

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A Valuable Tool for Willamette Valley Grass & Grain Farmers Slide 2 Slide 3 Significant Agronomic Benefits Broadleaf rotation crop Different chemical program than grass species Lower nitrogen inputs Erosion control No bees required for pollination Natures sub-soiler No residue to manage after harvest Slide 4 Significant Economic Benefits Utilize same equipment we already use for grass/grain production No cleaning costs Payment required by law 30 days after delivery Dry-land yields average 3000-3500 lbs in Valley, with highest at 4237 Current prices over $.30/lb Slide 5 Slide 6 2-143-3 Slide 7 Slide 8 Slide 9 Slide 10 Slide 11 Slide 12 Slide 13 Commodity Crop = no middle man Variety of contracting/sales options just like wheat market Local Options include: Willamette Biomass Processors (non-GMO) Pendleton Grain Growers Pacific Coast Canola (Warden, WA) Slide 14 Tuesday, Sept 25 th $30.44/lb (Intercontinental Exchange (ICE) Winnepeg) canolamarketprice.com $30.25/lb (NASDAQ market reports nasdaq.com/markets/canola.aspx) Slide 15 $605/T = $0.30.25/lb $650/T = $0.32.5/lb Slide 16 Slide 17 July 2013 $0.29.7/lb July 2014 $0.27/lb Steadily increasing demand, particularly with health-conscious consumers & Asian markets