10 Sector Quartile Analysis

The following tables are based on an analysis of the actual dairy farms monitored as part of the MAF Farm Monitoring programme. It is across the total national sample of 100 farms, and gives a breakdown from the bottom 10 percent of farms to the top 10 percent, both on a physical and financial basis. The analysis was based on sorting the farms according to their net trading profit before tax per hectare.

Table 10.1: Quartile Assessment of Dairy Monitoring Farms – Financial Data

  Average of    Average of 
 BottomBottomBottomMeanMedianTopTopTop
 10%25%25–50%($)($)50–75%25%10%
 ($)($)($)  ($)($)($)
Revenue        
Milksolids512 790 467 427 597 182 601 643 473 915 665 937 651 198 765 130
Cattle sales 55 294 46 096 47 357 58 325 46 154 83 139 55 294 57 295
Other revenue 2 013 2 778 2 146 6 204 600 3 716 15 080 10 938
Cattle purchases 23 222 19 219 6 987 14 016 3 600 20 874 9 030 9 003
Gross farm revenue 546 875 499 904 639 697 652 955 526 328 732 407 712 542 824 359
Cash farm expenses 433 508 353 860 375 394 391 222 289 419 443 806 380 303 413 260
Cash farm surplus 113 366 146 044 264 303 261 733 207 553 288 601 332 239 411 099
Rent 3 441 6 459 2 063 5 358 0 3 596 8 863 9 521
Interest 153 678 138 722 156 377 133 027 95 204 134 932 101 067 116 023
Depreciation 42 284 34 087 36 681 30 022 21 400 25 470 23 938 23 970
Stock value adjustment 14 791 18 850 20 540 20 854 9 404 27 757 16 462 24 440
Net trading profit– 71 245– 14 373 89 721 114 180 87 799 152 360 214 832 286 024
Tax 5 553 13 004 21 907 36 148 21 000 61 780 44 833 50 643
Net trading profit after tax– 76 799– 27 377 67 813 78 032 59 595 90 580 169 999 235 381
Drawings 30 296 40 076 60 987 56 428 50 000 61 129 61 147 68 962
Principal 14 755 16 469 18 182 17 780 10 000 23 614 13 183 12 319
Development 20 904 12 542 17 915 31 109 0 76 718 19 040 11 711
Capital purchases 47 227 64 078 40 352 65 379 19 000 84 312 69 912 60 574
Disposable surplus/deficit1– 162 488– 145 305– 53 480– 83 495– 34 523– 157 47914 19381 347
New borrowing 293 279 168 575 67 227 110 552 0 188 000 25 879 27 667
Off-farm income 13 276 13 292 5 847 9 656 615 12 711 6 763 3 581
Off-farm investment 0 211 24 130 7 165 0 4 000 304 333
Net cash change 144 067 36 77343 725 43 878 – 33 908 47 232 47 140 112 927
Negative NTP after tax100%63%0%15% 0%0%0%
Negative disposable surplus90%96%76%71% 71%48%42%
Net trading profit/ha– 456– 78 555 786 868 1 007 1 580 1 898

Note
1 Adjusted for depreciation and change in livestock values

Table 10.2: Quartile Assessment of Dairy Monitoring Farms – Production Data

  average of    average of 
 bottombottombottommeanmediantoptoptop
 10%25%25–50%($)($)50–75%25%10%
 ($)($)($)  ($)($)($)
Revenue        
milking area (ha) 156 156 173 153 130 152 130 145
Opening cow numbers 372 345 403 402 365 428 416 472
Closing cow numbers 380 361 415 417 365 445 433 494
Total opening 494 453 513 527 450 593 527 596
stock numbers        
Total closing stock numbers 512 474 538 549 450 620 544 624
Cows in milk 346 320 388 385 345 413 405 463
(15 December)        
Total milk production125 240 113 293 143 623 144 901 114 000 160 536 155 890 185 448
(kgms)        
Milksolids per hectare 869 753 923 934 949 919 1 124 1 155
(kg/ha)        
Milksolids production 354 341 357 352 352 348 363 375
per cow        
Stocking rate (cows/ha)2.42.12.62.62.82.63.13.1

 

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Farm Monitoring Programme Manager
Monitoring and Evaluation
MAF Policy
PO Box 2526
Wellington
NEW ZEALAND
Phone: +64 4 894 0623
Fax: +64 4 894 0741
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