Cost of Production
1. Murray Valley Winegrape Cost of
Production 2010/11
Prepared for: Murray Valley Winegrowers’ Inc.
By: Mary Retallack, Retallack Viticulture
2.
Murray Valley Winegrape Cost of
Production 2008/09
Prepared for: Murray Valley Winegrowers’ Inc.
By: Mary Retallack, Retallack Viticulture
June 2012
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Appendix 1 Background information flyers for winegrowers Capacity Building for Australian Wine Grape Growers Cost of Production Project ‐ Flier Murray Valley Winegrowers’ Inc is carrying out a Cost of Production Project using the WGGA data collection template. This follows on from a similar project in 2008 and has been made possible via funding from the Grape and Wine Research and Development Corporation. What will it achieve? 



Accurate, up‐to‐date information on the real costs of growing wine grapes in the Murray Valley. A clearer picture of how income and costs have changed over recent years and how the profitability of wine grapes has been affected. A greater insight into the gross margin for wine grapes from vineyards of different sizes and management structures. More informed discussions with wineries on grape prices, the sustainability of wine grape producers and the industry in general. How do we intend to collect this information? 


We are seeking help from interested growers to provide their vineyard income and cost figures for the project. Growers will be sent a template for data entry to enter their financial data (either electronically or manually), or you can provide raw data for us to enter. All data will be combined and arranged so you will not be identified. THE SHEETS WILL BE CODED TO ENSURE DATA IS KEPT ANONYMOUS AND CONFIDENTIAL What do you get out of it? 


A copy of the regional comparative analysis summary. The satisfaction that you are helping your grower organization achieve a more transparent, equitable and sustainable wine grape industry. Workshops are scheduled to be held by Retallack Viticulture in Swan Hill, Robinvale and Mildura in December to present an analysis of the data we have collected. What do interested growers do now? Background information and a data entry template are attached. Please contact Liz Singh if you have any questions. Please forward your financial data to the MVWI office by Friday 23rd October, 2009. Liz Singh ‐ Industry Development Officer PO Box 2745, Mildura, Vic, 3502 Ph: (03) 5021 3911 Fax: (03) 5023 2335 [email protected] Capacity Building for Australian Wine Grape Growers Cost of Production Project – Background Information Step 1 ‐ Data Collection Template Growers are asked to enter their enterprise income and cost data into a simple Excel template, from either tax return ‘Profit and Loss (Income)’ statements or farm records (most recent 2008/09) and prior seasons (if available). The template categories are broadly divided into Operating (variable) costs and Overhead (fixed) costs (descriptors are included in the template). If you wish to supply your ‘raw’ data we can collate this on your behalf (further info below). Confidentiality Financial data supplied is coded so it cannot be traced back to an individual grape grower when this data is published. Growers are asked to provide their enterprise data (income and costs) along with the area in production for growing wine grapes. This data can then be reported on a $/hectare basis providing a standardised unit for reporting while maintaining confidentiality. Growers are asked to answer two simple background questions. This allows the data to be coded and assessed on a regional basis by: 
The management structure of the business; 
The source of water for irrigation purposes. Step 2 –Data Management and Reporting Once data is received it will be consolidated into a comprehensive regional data set. Average values for each input cost can then be presented as feedback. Average $/ha costs are graphed to provide a visual summary of the income and costs for growing wine grapes, over recent seasons (or for individual seasons). A summary page for each grower who contributes data to this project can be provided on request, detailing their own income and production costs alongside the regional cost of production data. Part of this project is to assess regional vineyard income and production costs and to calculate gross margins ($/ha) for a range of vineyard sizes and models. Working closely with growers ensures the financial information collected is both current and reflective of a range of vineyard enterprise models. Are you interested in participating? We acknowledge there are a number of issues involved in collecting financial data and can offer the following comments: 
Confidentiality. We understand the importance of keeping grower’s data anonymous. Vineyard data supplied will be handled confidentially and will not be able to be traced back to individuals when used in this project. Each data set is coded prior to analysis to ensure confidentiality. 
Scope of data. Enterprise data is sought for the 2007/08 and 2008/09 seasons (where available). 
Format. A standardised template is provided for the collation of data or you may wish to forward a copy of your ‘Profit and Loss (Income)’ statement to MVWI so they can allocate these costs. The next step If you would like to participate in this project this can be done in a number of ways (choose the method which best suits you). 1. Send a copy of your enterprise production income and expenses data entered into the supplied template. - Enter your data into the supplied template. This process takes about 30 minutes (to allocate costs to the specified headings). 2. If you wish to supply your ‘raw’ data we can collate this on your behalf. - Send a copy of your enterprise ‘Profit and Loss (Income)’ statement from you tax records. - If you currently use record keeping software, please send a print a copy of your financial summary. If you send raw data (not using the supplied template) please provide the following details with your financial information. − Answers to enterprise ‘background information’ questions − Clearly date the financial year of the data supplied ie 2008/09 − The size of your property (area planted to vines and any other crops) This information will be handled confidentially. − If you have any concerns you may wish to remove your company name from the header of any information supplied. On a separate sheet of paper you will be asked to supply your name and contact details. This will be used to send collated regional cost of production results to you and invite you to the presentation of the final report and findings in your local area. Please forward your financial data to the MVWI office by Friday 23rd October, 2009. Step 3 – Feedback Presentation of Project Results You will be invited to a presentation in December which will outline the results of this regional cost of production project. Comments Recent circumstances including changing seasonal conditions, drought, market (supply and demand) etc have had an over‐
riding effect on a growers capacity to generate income (price and tonnage) and manage their production costs (water etc). The result of this shift is that past cost of production data will be of interest but perhaps of limited use for future projections. Our sense is that production costs are as ‘lean’ as growers can achieve to grow their fruit to specification (water being the exception). The real variable in this equation is the potential for growers to generate income to cover these costs (and any ceiling on the capacity to do so). Given the extent of these variables, it is important for smaller growers to have a mechanism to assess their capacity to generate a suitable margin to cover all enterprise costs (operational, overhead and debt servicing). WGGA’s VineBiz Program If you are interested in finding out more about you financials, Wine Grape Growers Australia (WGGA) have developed the VineBiz Financial ‘Ready Reckoner’ that captures both enterprise and management unit costs. The ‘Ready Reckoner’ is a powerful tool which can be used to measure a grower’s financials data in a standardised way and help with decision making in the future. VineBiz Workshops will be run in the Murray Valley in early October 2009. Capacity Building for Australian Wine Grape Growers Cost of Production – Check List and Contact Info Check List Tick 1. I have answered the two Vineyard Enterprise Background Information questions (Sheet 1) 2a. I have attached my enterprise financial data for 2007/08 (and 2008/09 if available). Data has been entered into the supplied template (one template per financial year) (Sheet 2), OR 2b. I have attached photocopies of my ‘Profit and Loss (Income)’ Statements I have clearly stated the financial year and area of wine grapes in production (ha). 3. Please fill in your contact details (below) so we can provide feedback to you at the end of the project and invite you to a presentation of the regional results in December 2009. Your enterprise and contact information remains confidential Name Address Please return this sheet (with attachments listed in the checklist) by Friday 23rd October to: Murray Valley Winegrowers’ Inc Cost of Production Project Liz Singh ‐ Industry Development Officer PO Box 2745, Mildura, Vic, 3502 Ph: (03) 5021 3911 Fax: (03) 5023 2335 [email protected] Appendix 2 Data collection template used to capture the cost of production Sheet 1: Murray Valley Winegrowers' Cost of Production - Vineyard Enterprise Background Information
Q1
Location of Vineyard (Circle Region)
Mildura Region
Management Strucutre (please circle)
Owner Manager
Small Vineyard
Owner/operator who does not employ any outside permanent labour but does use
contractors/casuals for some tasks ie harvesting, pruning.
Owner Manager
Medium Vineyard
Owner/operator who has one or two permanent workers (for example vineyard hand or tractor
driver) and uses casuals and contractors.
Owner Manager
Large Vineyard
The owner manages the business but employs a full time vineyard manager for operational work,
monitoring, planning etc. Contractors and casuals are also used.
Corporate/Investor Owner
Large Vineyard
A full-time vineyard manager is employed plus permanent employees, casuals and contractors
(similar to No. 3 but Corporate or Investor owned, which will (may) have different overhead costs)
Q2
Water Source (please circle)
Robinvale Region
Swan Hill Region
Water is sourced directly from a river or bore, annual water access fees are usually low but
pumping costs (power) are high.
Private Water Diverter
Q3
Water is sourced from an irrigation water provider who supplies water to the farm gate. Annual
water fees are usually high but pumping costs (for the grower) are low.
Irrigator within Pumped Districts
Q4
Do you have a grape purchase contract
for the upcoming season? (Circle)
Yes
No
I will speculate on the spot market
Q5
I have off farm income (Circle)
Yes
No
Occasionally
Q6
Q7
Variety
Ha
Variety
Ha
Variety
Tonnes
Crop
Ha
List the winegrape varieties grown on
your property.
Did you mothball any varieties for the
financial year listed?
If so, please list varieties and area (ha).
Q8
Did you harvest any fruit onto the
ground in the financial year listed?
If so, please list varieties and estimated
volume (tonnes).
Q9
Do you grow crops other than
winegrapes?
If so, please list the crops grown and the
area (ha)
Q10
Comments
OVERHEAD (FIXED) COSTS
Sub Unit
Permanent Management
Owner's Labour
Land Rates and Taxes
Power (Buildings)
Insurance
Professional Services
Office/Administration
Lease or Rent Payments
OH&S Requirements
Staff Development
Environment
O h d Repairs
Overhead
R i &M
Maintenance
i t
Debt Servicing (Interest and Finance
Chemicals
Nutrition / Fertiliser
Vineyard Floor Management
Sundry Materials and Supplies
Machinery Expenses
Machinery Fuel
Machinery, Plant & Equipment Hire
Water and Drainage Costs
Water Lease
Vineyard Repairs & Maintenance
Levies
OPERATING (VARIABLE) COSTS
Sub Unit
Farm Labour
Contract Labour
Fruit Transport
INCOME
Sub Unit
Wine Grape Sales
Wine Sales
Vineyard Area (ha)
Sub Unit
Total Property Area (ha)
Wine grapes (ha in production)
Wine grapes (ha not in production)
Year:
2008/09
Description for each category
Interest paid on loans, bank fees & charges. Do not include capital or principal repayments.
Fences, roads, firebreaks, sheds, ground maintenance.
Revegetation, water treatment, catchment management.
Human resource costs, staff training, subscriptions, memberships, course fees, travel and accommodation.
Personal Protective Equipment (PPE), fire extinguishers, safety signage.
Land or machinery.
Phone, software, stationary, postage, registration.
Consultant, research, accountant, legal, secretarial, auditor fees.
Public liability, property, contents or crop insurance.
Electricity (other than power used for pumps/irrigation system).
Don’t include water rates (or standing fees) insert these costs into water and drainage costs (operating).
Estimation or actual. Don’t duplicate this amount if it has already been captured in 'Permanent Management'. See calculation over the page.
Permanent management (including owner or manager who predominantly manages rather than carrying out 'hands on' tasks).
Description for each category
Vineyard repairs and maintenance including re-planting dead vines, trellis repairs (do not include major capital expenses).
Annual water lease (permanent water purchases should be recorded separately as a capital expense). Separate from Land Rates and Taxes which is an overhead cost.
Water delivery costs and electricity to power pumps (include water rates or standing fees). Separate from Power (buildings) which is an overhead cost.
Fuel (diesel or petrol) for vineyard machinery (tractors, utes, ATV, pumps). This is separated to allow for environmental accounting.
Oil, gas and grease, basic servicing and maintenance of vineyard machinery (tractors, utes, ATV, pumps).
Sundry hand tools, miscellaneous items, repairs <$100 ea.
So
test g, soil
so amelioration
a e o at o (lime/gypsum),
( e/gypsu ), broadcast
b oadcast fertiliser,
e t se , co
e ccrop/seed,
op/seed, mulch.
u c These
ese aaree normally
o a y longer
o ge te
ot ca
ed out aan oon aannual
ua bas
s
Soil testing,
cover
term tas
taskss iee not
carried
basis.
Fertiliser application, foliar nutrient, petiole testing. These tasks are often carried out an on annual basis.
Fungicide, insecticide, weedicide, bait, pest control.
Research and development (GWRDC $2/tonne), grower organisation levies (MVWI $1.95/tonne). Often levies are deducted automatically from grape payments as a $/tonne amount. If you are converting winegrapes into wine
add the relevant levies.
Freight or cartage costs from vineyard to fruit processor.
Contractor labour costs
Employee labour costs
Wine Sales are sales made from winegrapes converted to wine in the listed financial year
Enter the income from Wine Grape Sales (this will be used to calculate the gross margin) and Wine Sales separately.
To convert acres to hectares divide by 2.47 ie if you have 10 acres divide by 2.47 = 4.05 ha.
Enter the financial year ie 2008/09 (ie 1st July, 2008 to 30th June, 2009). This also includes vintage 2009.
Sheet 2: Murray Valley Winegrowers' Cost of Production Project - Data Collection Template
Check the current %
requirements.
50%
A
$
B
40,000
Description
12.8%
C
Grape growing example:
Select a base salary
Estimate % up to a
(use $40K as a
(9% Superannuation, 3.2%
total of 100% (full
minimum starting
Workcover + 0.6%
time)
point)
OHS&W registration fee).
Base Salary
Superannuation +
Workcover
-
$
E
B+D
-
$
-
22,560
Insert this figure into the
worksheet
EXA
% Salary
(including 'on costs')
45,120 $
Formula
Full Time Salary
(Including 'on costs')
To use the calculator, estimate the percentage of time spent running the vineyard over the year, select a base salary (this starts at $40K) and calculate the total salary
(including ‘on costs’) using the formula provided.
$
5,120 $
$
D
BXC
Superannuation and
Workcover
Calculation
It is important to allocate a value to owner’s labour (if this has not already been done in Permanent Management).
Owner's Labour
Example
Owner's Labour
(your calculation)
Comments
Estimation of
Owner's Labour
Estimated % of
time spent
running
vineyard?
Calculating Owner's Labour
Appendix 3 Vineyard coding form REGIONAL VINEYARD COST INDICATORS ‐ BLOCK CODES ‐ Each data set collected from data suppliers/growers will be coded in such a way as to identify the following attributes: 1. LABOUR STRUCTURE The following categories will be used to define what labour structure is in place in the vineyard business. This is often related to vineyard size but not always. It has an important impact on how the labour costs are dealt with in this analysis. The number associated with the closest description of the enterprise is used in the code. CODE LABEL DESCRIPTION 1 Owner Manager Small Vineyard Owner‐operator who does not employ any outside permanent labour but does employ the services of contractors/casuals for certain tasks such as harvesting. 2 Owner Manager Medium Vineyard Owner‐operator who has one or two permanent workers (for example vineyard hand or tractor driver) and uses casuals and contractors. 3 Owner Manager Large Vineyard The owner manages the business but employs a full time vineyard manager for operational work, monitoring, planning etc. Contractors and casuals are also used. 4 Corporate/Investor Full‐time vineyard manager plus permanent employees, casuals and Owner contractors (similar to No. 3 but Corporate or Investor owned, which will (may) have different overhead costs) Large Vineyard 2. IRRIGATION WATER SOURCE It is of some interest to know how a vineyard operator sources water for irrigation purposes. Two broad categories are proposed for the code. CODE LABEL DESCRIPTION 1 Private Water Diverter Water is sourced directly from the rivers or bores, annual water access fees are usually low but pumping costs (power) are high. 2 Irrigator within pumped districts Water is sourced from irrigation water providers who supply water to farm gate at various pressures. Annual water fees are usually high but pumping costs (for the grower) are low. 3. VINEYARD BLOCK NUMBER This is a sequential number attached on to the end of the code to differentiate blocks of similar description.