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CANOLA

CANOLA. A Valuable Tool for Willamette Valley Grass & Grain Farmers. Why Canola?. Significant Agronomic Benefits Broadleaf rotation crop Different chemical program than grass species Lower nitrogen inputs Erosion control No bees required for pollination “Nature’s sub- soiler ”

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CANOLA

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  1. CANOLA A Valuable Tool for Willamette Valley Grass & Grain Farmers

  2. Why Canola? • Significant Agronomic Benefits • Broadleaf rotation crop • Different chemical program than grass species • Lower nitrogen inputs • Erosion control • No bees required for pollination • “Nature’s sub-soiler” • No residue to manage after harvest

  3. Why Canola? • 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

  4. Fall Establishment (November)

  5. Early Spring 2-14 3-3

  6. Full Bloom (April)

  7. Seed Pods (mid-June)

  8. Swathing (early July)

  9. Combining (early-mid July)

  10. Field-Run Seed

  11. Residue

  12. Marketing • 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)

  13. Market Prices • Tuesday, Sept 25th • $30.44/lb (Intercontinental Exchange (ICE) – Winnepeg) – canolamarketprice.com • $30.25/lb (NASDAQ market reports – nasdaq.com/markets/canola.aspx)

  14. July-Sept 2012 Market Prices $605/T = $0.30.25/lb $650/T = $0.32.5/lb

  15. Last 2 Years Price Trend

  16. Futures Markets • July 2013 • $0.29.7/lb • July 2014 • $0.27/lb • Steadily increasing demand, particularly with “health-conscious” consumers & Asian markets

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