2025/2026 ICB: Dryland soybean and maize in Eastern Free State

2025/2026 SUMMER CROPS  //  Income and Cost Budgets

Eastern Free State – dryland

Income and cost budgets for maize, soybeans, sunflower and dry beans for Eastern Free State
Crop Maize Soybeans Sunflower Dry beans
Production system Dryland

1. Income

Yield: deterministic Ton/ha 5.50 2.00 1.80 1.50
SAFEX simulated price / producer price: 2026 R/ton 3 326 7 085 8 775 22 033
Total deductions R/ton 474 329 387
– Transport differential R/ton 392 193 290
– Grade differential R/ton 20
– Handling and commission R/ton 62 66 97
– Seed breeding and technology levy R/ton 70
Price premiums R/ton
Net farm gate price R/ton 2 852 6 756 8 388 22 033
Gross income R/ha R15 688 R13 513 R15 099 R33 049

2. Variable expenditures

Contracting R/ha 1 466
Crop insurance R/ha 565 1 513 649 2 313
Fertilizer R/ha 4 173 1 709 1 673 3 308
Lime R/ha 750 638
Seed R/ha 2 495 1 787 1 144 5 805
Fuel R/ha 1 419 1 121 1 073 2 115
Herbicide R/ha 1 293 1 183 1 059 953
Insecticide / Fungicides R/ha 612 571 432 1 188
Marketing costs R/ha 450
Repairs and maintenance R/ha 949 884 899 847
Casual labour R/ha 354 2 321
Aerial spray R/ha 538
Other expenditure R/ha 125
Total variable expenditure R/ha R12 610 R8 769 R6 929 R22 067
Total variable expenditure R/ton R2 293 R4 385 R3 849 R14 712
3.1 Gross margin R/ha R3 078 R4 744 R8 170 R10 982
3.2 Gross margin R/ton R560 R2 372 R4 539 R7 321
Break-even yield T/ha 4.42 1.30 0.83 1.00
Break-even price R/ton R2 293 R4 385 R3 849 R14 712
Source: BFAP, GSA, VKB and individual farmers – 2025.
Gross margin comparison – baseline: Eastern Free State
Figure 2.3: Gross margin comparison – Baseline: Eastern Free State

Gross margin per hectare: Eastern Free State

Maize sensitivity analysis
Yield (t/ha)
Producers price 4.00 4.50 5.00 5.50 6.00 6.50 7.00
R2 452 -2 800 -1 574 -348 878 2 104 3 331 4 557
R2 552 -2 400 -1 124 152 1 428 2 704 3 981 5 257
R2 652 -2 000 -674 652 1 978 3 304 4 631 5 957
R2 752 -1 600 -224 1 152 2 528 3 904 5 281 6 657
R2 852 -1 200 226 1 652 3 078 4 504 5 931 7 357
R2 952 -800 676 2 152 3 628 5 104 6 581 8 057
R3 052 -400 1 126 2 652 4 178 5 704 7 231 8 757
R3 152 -0 1 576 3 152 4 728 6 304 7 881 9 457
R3 252 400 2 026 3 652 5 278 6 904 8 531 10 157
Soybeans sensitivity analysis
Yield (t/ha)
Producers price 1.25 1.50 1.75 2.00 2.25 2.50 2.75
R6 356 -823 766 2 355 3 944 5 533 7 122 8 711
R6 456 -698 916 2 530 4 144 5 758 7 372 8 986
R6 556 -573 1 066 2 705 4 344 5 983 7 622 9 261
R6 656 -448 1 216 2 880 4 544 6 208 7 872 9 536
R6 756 -323 1 366 3 055 4 744 6 433 8 122 9 811
R6 856 -198 1 516 3 230 4 944 6 658 8 372 10 086
R6 956 -73 1 666 3 405 5 144 6 883 8 622 10 361
R7 056 52 1 816 3 580 5 344 7 108 8 872 10 636
R7 156 177 1 966 3 755 5 544 7 333 9 122 10 911
Sunflower sensitivity analysis
Yield (t/ha)
Producers price 1.00 1.25 1.50 1.80 2.00 2.25 2.50
R7 988 1 059 3 056 5 053 7 450 9 047 11 045 13 042
R8 088 1 159 3 181 5 203 7 630 9 247 11 270 13 292
R8 188 1 259 3 306 5 353 7 810 9 447 11 495 13 542
R8 288 1 359 3 431 5 503 7 990 9 647 11 720 13 792
R8 388 1 459 3 556 5 653 8 170 9 847 11 945 14 042
R8 488 1 559 3 681 5 803 8 350 10 047 12 170 14 292
R8 588 1 659 3 806 5 953 8 530 10 247 12 395 14 542
R8 688 1 759 3 931 6 103 8 710 10 447 12 620 14 792
R8 788 1 859 4 056 6 253 8 890 10 647 12 845 15 042
Soybeans margin above/below maize
Yield Price (R/ton)
R6 456 R6 556 R6 656 R6 756 R6 856 R6 956 R7 056
1.00 -5 391 -5 291 -5 191 -5 091 -4 991 -4 891 -4 791
1.25 -3 777 -3 652 -3 527 -3 402 -3 277 -3 152 -3 027
1.50 -2 163 -2 013 -1 863 -1 713 -1 563 -1 413 -1 263
1.75 -548 -373 -198 -23 152 327 502
2.00 1 066 1 266 1 466 1 666 1 866 2 066 2 266
2.25 2 680 2 905 3 130 3 355 3 580 3 805 4 030
2.50 4 294 4 544 4 794 5 044 5 294 5 544 5 794
2.75 5 908 6 183 6 458 6 733 7 008 7 283 7 558
3.00 7 522 7 822 8 122 8 422 8 722 9 022 9 322

Notes

  • The cost items reflect the input allocation based on the target yield for the respective crops.
  • Although some expenditure items are zero, it is reflected in the budgets to allow for individual inclusion.
  • Other macro- and microelements such as calcium, magnesium and zinc are included in the fertiliser costs.
  • The cost of fuel includes pre-harvest and harvesting costs with the assumption that own machinery is used.
  • The cost for soybean seed reflects a combination of own and purchased seed.
  • There will be large fluctuations for insurance cost (hail) based on the associated risk in respective areas. It is advised that producers adjust this cost based on their individual premiums.
  • It is important to note that overhead costs are not included and should be accounted for.
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