What We Do – Hay Forecasting
Using a statistical and scientific approach and an extensive network in the fodder industry, Jumbuk AG offers clients a first for Australia, regular forecasts of hay and silage production.
Reports update clients on the production of pasture, cereal (oaten), lucerne, silage and other crops expected in each of the regions nationally as well as fodder stocks forecast for each state.
As a commodity with typically over 7 million tonnes of production worth over 2 billion dollars, hay, straw and silage underpins Australia’s livestock and export hay industries.
The methods used in these forecasts have been used for decades in the grain industry and are now available for the first time to the fodder industry. Forecasts are derived from information such as soil moisture, planting conditions, weather outlook, price dynamics and comments from growers and agronomists, which are all related back to earlier statistical census data.
Businesses in the fodder industry need access to timely and credible production forecasts. Given the volatility in Australian agriculture, these forward estimates help manage the risks in agribusiness.