Northland Sheep & Beef Budget
1999/2000 |
2000/01f |
|||||
$ |
$ |
|||||
Revenue |
Whole farm |
per ha |
per SU |
Whole farm |
per ha |
per SU |
| Sheep | 23,815 |
79 |
35.87 |
25,160 |
84 |
38.47 |
| Wool | 6,737 |
23 |
10.15 |
6,580 |
22 |
10.06 |
| Cattle | 113,149 |
377 |
57.76 |
125,013 |
417 |
63.30 |
| Grazing income | 0 |
0.00 |
0 |
0.00 |
||
| Other farm income | 300 |
1 |
0.11 |
300 |
1 |
0.11 |
| Less: | ||||||
| Sheep purchases | 1,020 |
3 |
1.54 |
1,200 |
4 |
1.83 |
| Cattle purchases | 16,700 |
57 |
8.52 |
18,700 |
62 |
9.47 |
| Gross Farm Revenue | 126,281 |
421 |
48.14 |
137,153 |
457 |
52.17 |
| Cash Farm Expenditure | 80,852 |
270 |
30.82 |
86,729 |
289 |
32.99 |
| (includes interest) | ||||||
| Cash Farm Surplus | 45,429 |
151 |
17.32 |
50,424 |
168 |
19,18 |
| Stock value adjustment | -1,570 |
-5 |
-0.60 |
1,144 |
4 |
0.44 |
| Minus depreciation | 13.495 |
45 |
5.14 |
13,495 |
45 |
5.13 |
| Net Trading Profit | 30,364 |
101 |
11.58 |
38,073 |
127 |
14.48 |
| Taxation | 4,730 |
16 |
1.80 |
11,846 |
40 |
4.51 |
| Net Trading Profit after Tax | 25,634 |
85 |
9.77 |
26,227 |
87 |
9.98 |
| Allocation of Funds | ||||||
| add back Depreciation | 13,495 |
45 |
5.14 |
13,495 |
45 |
5.13 |
| Reverse stock value adjustment | 1,570 |
5 |
0.60 |
-1,144 |
-4 |
-0.44 |
| Drawings | 19,000 |
63 |
7.24 |
21,000 |
70 |
7.99 |
| Principal repayments | 6,824 |
23 |
2.60 |
6,420 |
21 |
2.44 |
| Development | 0 |
0.00 |
0 |
0.00 |
||
| Capital purchases | 2,000 |
7 |
0.76 |
5,000 |
17 |
|
| Disposable Surplus/Deficit | 12,875 |
43 |
4.91 |
6,158 |
21 |
2.34 |
| Other Cash Sources | ||||||
| New borrowing | 0 |
0.00 |
0 |
0.00 |
||
| Off-farm income | 8,000 |
27 |
3.05 |
8,000 |
27 |
3.04 |
| Other cash income | 0 |
0.00 |
0 |
0.00 |
||
| Net Cash Change | 20,875 |
70 |
7.96 |
14,158 |
47 |
5.39 |
| Assets and Liabilities | ||||||
| Farm, forest and building (Opening) | 989,075 |
3,297 |
377.08 |
989,075 |
3.297 |
376.22 |
| Plant and machinery (Opening) | 47.483 |
158 |
18.10 |
44,475 |
148 |
16.92 |
| Stock valuation (Opening) | 255,710 |
852 |
97.49 |
254,140 |
847 |
96.67 |
| Total Farm Capital | 1,292,268 |
4,308 |
492.67 |
1,287,690 |
4,292 |
489.80 |
| Total Debt Opening | 144,000 |
480 |
54,90 |
144,000 |
480 |
54.77 |
| Equity (Assets-Liabilities) | 1,148,268 |
3,828 |
437.77 |
1,143,690 |
3,812 |
435.03 |
1999/2000 |
2000/01f |
|||||
$ |
$ |
|||||
Whole farm |
per ha |
Per SU |
Whole farm |
per ha |
per SU |
|
| Farm Working Expenses | ||||||
| Permanent wages | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Casual wages | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| ACC | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Agricultural contracting | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Animal health | 7,600 |
25 |
2.90 |
7,700 |
26 |
2.93 |
| Breeding | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Electricity | 1,850 |
6 |
0.71 |
1,850 |
6 |
0.70 |
| Feed (hay & silage) | 600 |
2 |
0.23 |
600 |
2 |
0.23 |
| Feed (grazing) | 0 |
0 |
0,00 |
0 |
0 |
0.00 |
| Feed (other) | 6,100 |
20 |
2.33 |
6,100 |
20 |
2.32 |
| Farm forestry costs | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Fertiliser | 9,430 |
31 |
3.60 |
13,080 |
44 |
4.98 |
| Lime | 3,577 |
12 |
1.36 |
3,723 |
12 |
1.42 |
| Freight (not elsewhere deducted) | 2,300 |
8 |
0.88 |
2,300 |
8 |
0.87 |
| Regrassing costs (contractors) | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Seeds | 540 |
2 |
0.21 |
540 |
2 |
0.21 |
| Shearing costs | 2,699 |
9 |
4.06 |
2,699 |
9 |
4.13 |
| Weed & pest control | 2,000 |
7 |
0.76 |
2,200 |
7 |
0.84 |
| Fuel | 4,200 |
14 |
1.60 |
4,300 |
14 |
1.64 |
| Vehicle costs (excl fuel) | 3,500 |
12 |
1.33 |
3,500 |
12 |
1.33 |
| Repairs and maintenance | 9,900 |
33 |
3.77 |
10,600 |
35 |
4.03 |
| Rates | 5,000 |
17 |
1.91 |
5,150 |
17 |
1.96 |
| Water charges (irrigation) | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Communication costs (phone & mail) | 1,400 |
5 |
0.53 |
1,400 |
5 |
0.53 |
| Insurance | 2,750 |
9 |
1.05 |
2,856 |
10 |
1.09 |
| Accountancy | 2,000 |
7 |
0.76 |
2,000 |
7 |
0.76 |
| Legal & consultancy | 730 |
2 |
0.28 |
730 |
2 |
0.28 |
| Other admin | 350 |
1 |
0.13 |
350 |
1 |
0.13 |
| Other expenditure | 2,401 |
8 |
0.92 |
1,641 |
5 |
0.62 |
| Interest | 11,925 |
40 |
4.55 |
13,410 |
45 |
5.10 |
| Rent &/or leases | 0 |
0 |
0.00 |
0 |
0 |
0.00 |
| Cash Farm Expenditure | 80,852 |
270 |
30.82 |
86,729 |
289 |
32.99 |
| Calculated Ratios | ||||||
| Cash Farm Exp(excl interest+rent)/GFR | 55% |
53% |
||||
| EFS/Total Farm Capital | 0% |
1% |
||||
| Interest+rent+lease/GFR | 9% |
10% |
||||
| Economic Farm Surplus (or EBIT) | 1,366 |
5 |
0.52 |
10,606 |
35 |
4,03 |
| Net Trading Profit/GFR | 24% |
28% |
||||
| EFS/GFR | 1% |
8% |
||||
| © MAF 2000 |  |
|
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Contact for Enquiries
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
Contact this person
