2017/2018 Income and Cost Budgets

Foreword

The Protein Research Foundation (PRF) strives to make a significant contribution to the promotion of local production of protein on a sustainable basis, in order to satisfy the growing demand for protein for animal production purposes as well as the optimal utilisation thereof, which will lead to an increase in the standard of living of all people in the Republic of South Africa. The main objectives of the PRF are to replace imported protein used in animal feed with locally produced protein and to encourage the better utilisation of this protein. The objectives are promoted through research funding and technology transfer.

Currently, the Protein Research Foundation, Grain South Africa (GSA) and the Bureau for Food and Agricultural Policy (BFAP) publish their individual cost of production programs which focusses on key summer and winter crops produced in South Africa's key agro-ecological zones, both under dryland and irrigation cultivation. Given the existing activities associated within the organisations and the extent of the coverage of South African agricultural production, these initiatives are integrated to compile the 2017/2018 summer crop budgets.

It is acknowledged that regional variation will occur and that estimates will differ from farm to farm. Whilst every care has been taken in preparing this report, it is advised to adjust the estimates according to the farm's respective location, yield potential, cultivation system and/or strategies.