Written by Charlotte Cunningham
With lower wheat yields expected this year, growers could benefit from aiming for milling premiums to boost revenue, according to the latest advice from Yara. Charlotte Cunningham reports. A poor drilling window and prolonged dry spell this spring has resulted in many farms suffering from lower potential wheat yields this year. As a result, growers are looking to derive as much value as possible from every tonne of wheat, says Mark Tucker, agronomy manager at Yara. “Milling wheat premiums are worth shooting for if your yield expectations are lower. It does require a shift in thinking, however. You need to look closer at the price fetched per tonne. If you do that, it becomes possible to recoup a significant portion of value lost due to poorer yields.” To illustrate this, Mark says that a good wheat crop will generally yield 10t, at a price of £150/t. “This results in £1500 gross revenue. If your wheat crop only reaches 8t due to weather conditions, more value per tonne is needed to reach that revenue target. In this example, it would require £187/t rather than £150.” So how can this be achieved? It’s possible to sell tactically and get a better price…
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