Hawke's Bay Summer Moist Budget
1999/2000 |
2000/01f |
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$ |
$ |
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| Revenue | Whole farm | per ha | per SU | Whole farm | per ha | per SU |
| Sheep | 147,110 | 321 | 44,45 | 156,678 | 336 | 46.58 |
| Wool | 47,937 | 105 | 14.48 | 54,024 | 116 | 16.06 |
| Cattle | 119,924 | 262 | 97.14 | 119,052 | 255 | 88.98 |
| Grazing income | 8,492 | 19 | 1.84 | 6,487 | 14 | 1.36 |
| Other farm income | 13,955 | 30 | 3.03 | 19,139 | 41 | 4.01 |
| Less: | ||||||
| Sheep purchases | 11,544 | 25 | 3.49 | 15,445 | 33 | 4.59 |
| Cattle purchases | 45,727 | 100 | 37.04 | 44,384 | 95 | 33,17 |
| Gross Farm Revenue | 280,147 | 612 | 60.84 | 295,551 | 634 | 61.99 |
| Cash Farm Expenditure | 175,173 | 382 | 38.04 | 182,359 | 391 | 38.25 |
| (includes interest) | ||||||
| Cash Farm Surplus | 104,974 | 229 | 22.80 | 113,192 | 243 | 23.74 |
| Stock value adjustment | 11,515 | 25 | 2.50 | 19,017 | 41 | 3.99 |
| Minus depreciation | 10,150 | 22 | 2.20 | 11,020 | 24 | 2.31 |
| Net Trading Profit | 106,339 | 232 | 23.09 | 121,189 | 260 | 25.42 |
| Taxation | - 15,232 | 33 | 3.31 | 37,940 | 81 | 7.96 |
| Net Trading Profit after Tax | 91,107 | 199 | 19.79 | 83,249 | 179 | 17.46 |
| Allocation of Funds | ||||||
| add back Depreciation | 10,150 | 22 | 2.20 | 11,020 | 24 | 2.31 |
| Reverse stock value adjustment | -11,515 | -25 | -2.50 | ^19,017 | -41 | -3.99 |
| Drawings | 36,325 | 79 | 7.89 | 35,877 | 77 | 7.53 |
| Principal repayments | 6,937 | 15 | 1.51 | 5,949 | 13 | 1.25 |
| Development | 9,015 | 20 | 1.96 | 3,710 | 8 | 0.78 |
| Capital purchases | 12,345 | 27 | 2.68 | 9,272 | 20 | 1.94 |
| Disposable Surplus/Deficit | - 25,120 | 55 | 5.46 | 20,444 | 44 | 4.29 |
| Other Cash Sources | ||||||
| New borrowing | 20,990 | 46 | 4.56 | 0 | 0 | 0.00 |
| Off-farm income | 5,440 | 12 | 1.18 | 1.067 | 2 | 0.22 |
| Other cash income | 319 | 1 | 0.07 | 51 | 0 | 0.01 |
| Net Cash Change | 51,869 | 113 | 11.26 | 21,562 | 46 | 4.52 |
| Assets and Liabilities | ||||||
| Farm, forest and building (Opening) | 1,157,730 | 2,528 | 251.42 | 1.213,769 | 2,605 | 254,59 |
| Plant and machinery (Opening) | 51,875 | 113 | 11.27 | 58,438 | 125 | 12,26 |
| Stock valuation (Opening) | 334,730 | 731 | 72.69 | 345,970 | 742 | 72,57 |
| Total Farm Capital | 1,544.335 | 3,372 | 335.38 | 1,618,177 | 3,472 | 339.41 |
| Total Debt Opening | 395.000 | 862 | 85.78 | 388,257 | 833 | 81.44 |
| Equity (Assets-Liabilities) | 1,149,335 | 2,509 | 249.60 | 1,229,920 | 2,639 | 257.97 |
1999/2000 |
2000/01f |
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$ |
$ |
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| Whole farm | per ha | per SU | Whole farm | per ha | per SU | |
| Farm Working Expenses | ||||||
| Permanent wages | 13,936 | 30 | 3.03 | 13,950 | 30 | 2.93 |
| Casual wages | 2,659 | 6 | 0.58 | 2,967 | 6 | 0,62 |
| ACC | 752 | 2 | 0.16 | 786 | 2 | 0.16 |
| Agricultural contracting | 1,339 | 3 | 0,29 | 1.385 | 3 | 0.29 |
| Animal health | 14,469 | 32 | 3.14 | 14,323 | 31 | 3.00 |
| Breeding | 1,999 | 4 | 0.43 | 2,516 | 5 | 0.53 |
| Electricity | 2,608 | 6 | 0.57 | 2,646 | 6 | 0.55 |
| Feed (hay & silage) | 1,714 | 4 | 0.37 | 1,478 | 3 | 0.31 |
| Feed (grazing) | 710 | 2 | 0.15 | 627 | 1 | 0.13 |
| Feed (other) | 816 | 2 | 0.18 | 1,304 | 3 | 0.27 |
| Farm forestry costs | 1,071 | 2 | 0.23 | 858 | 2 | 0.18 |
| Fertiliser | 25,717 | 56 | 5.58 | 27,373 | 59 | 5,74 |
| Lime | 2,146 | 5 | 0.47 | 1.675 | 4 | 0.35 |
| Freight (not elsewhere deducted) | 3,401 | 7 | 0.74 | 4,137 | 9 | 0.87 |
| Regrassing costs (contractors) | 1,156 | 3 | 0.25 | 3,330 | 7 | 0.70 |
| Seeds | 587 | 1 | 0.13 | 842 | 2 | 0.18 |
| Shearing costs | 14,287 | 31 | 4.32 | 15,519 | 33 | 4.61 |
| Weed & pest control | 3,500 | 8 | 0.76 | 3,652 | 8 | 0.77 |
| Fuel | 4,512 | 10 | 0.98 | 4,580 | 10 | 0.96 |
| Vehicle costs (excl fuel) | 5,061 | 11 | 1,10 | 4,764 | 10 | 1.00 |
| Repairs and maintenance | 12,492 | 27 | 2,71 | 11,534 | 25 | 2.42 |
| Rates | 6,222 | 14 | 1.35 | 6,352 | 14 | 1.33 |
| Water charges (irrigation) | 0 | 0 | 0.00 | 0 | 0 | 0.00 |
| Communication costs (phone & mail) | 1,908 | 4 | 0.41 | 1,832 | 4 | 0.38 |
| Insurance | 3,580 | 8 | 0.78 | 3,644 | 8 | 0.76 |
| Accountancy | 2,705 | 6 | 0.59 | 2,687 | 6 | 0.56 |
| Legal & consultancy | 1,918 | 4 | 0.42 | 1,661 | 4 | 0,35 |
| Other admin | 483 | 1 | 0.10 | 422 | 1 | 0.09 |
| Other expenditure | 3,041 | 7 | 0.66 | 2,990 | 6 | 0.63 |
| Interest | 35,940 | 78 | 7.81 | 38,081 | 82 | 7.99 |
| Rent &/or leases | 4,444 | 10 | 0.97 | 4,444 | 10 | 0.93 |
| Cash Farm Expenditure | 175,173 | 382 | 38.04 | 182,359 | 391 | 38.25 |
| Calculated Ratios | ||||||
| Cash Farm Exp(excl interest+rent)/GFR | 48% | 47% | ||||
| Economic Farm Surplus/ Total Farm Capital | 7% | 7% | ||||
| Interest+rent+lease/GFR | 14% | 14% | ||||
| Economic Farm Surplus (or EBIT) | 103,280 | 226 | 22.43 | 119,532 | 257 | 25.07 |
| Net Trading Profit/GFR | 38% | 41% | ||||
| EFS/GFR | 37% | 40% | ||||
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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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