Proper Deciles

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By Dwain Duxson

Proper Deciles - It was another excellent Podcast by our friends at Farm Owner Academy (FOA). Take a listen to the latest Profitable Farmer edition here. 

This week they focused on Farm business models and how they can be improved and refined when heading into a tougher Farming period. They have a webinar next Wednesday on the subject. See here. My ears pricked when FOA co-founder Greg Johnsson started talking about deciles. I have heard people talk about deciles before, stating that XYZ Commodity is at the 80th percentile. But that 80th percentile doesn't factor in the costs today compared to when it was at the same percentile 20 years ago. 

So it was refreshing that Greg said that the deciles he is talking about below are adjusted for inflation by bringing the historical prices to today's prices. So these are proper deciles. 

So where do Commodity prices sit today? Here are some that Greg reeled off. Medium Steers 50 (percentile), Medium Cows 50, Trade Lambs 60, Heavy Lambs 65, 18 Micron Wool 68, 19 Micron Wool 66, 20 Micron Wool 65, 24 Micron Wool 10, 28 Micron Wool 5, Wheat 80, Barley 50 and Canola 50. 

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