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Canterbury/Marlborough Hill Country Budget

 

	1999/2000			2000/01f
	$			$
Revenue	Whole farm	per ha	per SU	Whole farm	per ha	per SU
Sheep	136,022	136	31.63	144,639	144	32.47
Wool	55,027	55	12,79	62,454	62	14.02
Cattle	52,387	52	39.30	57,338	57	39.65
Grazing income	3,817	4	0,68	4,810	5	0.82
Other farm income	8,015	8	1.42	6,184	6	1 05
Less:
Sheep purchases	5,794	6	1.35	5,420	5	1.22
Cattle purchases	1,828	2	1.37	1,840	2	1.27
Gross Farm Revenue	247,646	247	43.96	268,165	267	45.45
Cash Farm Expenditure	187,650	187	33.31	199,416	199	33.80
(includes interest)
Cash Farm Surplus	59,996	60	10.65	68,749	69	11.65
Stock value adjustment	16,050	16	2.85	11,428	11	1,94
Minus depreciation	13,075	13	2,32	12,817	13	2 17
Net Trading Profit	62,971	63	11.18	67,360	67	11.42
Taxation	6,671	7	1.18	12,308	12	2,09
Net Trading Profit after Tax	56,300	56	9.99	55,052	55	9.33
Allocation of Funds
add back Depreciation	13,075	13	2.32	12,817	13	2.17
Reverse stock value adjustment	-16,050	-16	-2.85	-11,428	-11	-1.94
Drawings	32,594	32	5.79	34,882	35	5.91
Principal repayments	11,682	12	2,07	3,369	3	0.57
Development	6,846	7	1.22	1,000	1	0.17
Capital purchases	6,270	6	1.11	3,601	4	0.61
Disposable Surplus/Deficit	-4,067	-4	-0.72	13,589	14	2.30
Other Cash Sources
New borrowing	0	0	0.00	0	0	0.00
Off farm income	8,353	8	1.48	7,100	7	1.20
Other cash income	3,025	3	0.54	1,750	2	0.30
Net Cash Change	7,311	7	1.30	22,439	22	3.80
Assets and Liabilities
Farm, forest and building (Opening)	1,246,081	1,242	221,17	1,241,010	1,237	210.34
Plant and machinery (Opening)	75,066	75	13.32	76,148	76	12.91
Stock valuation (Opening)	266,630	266	47.33	282,680	282	47.91
Total Farm Capital	1,587,777	1,583	281.82	1,599,838	1,595	271.16
Total Debt Opening	411,961	411	73.12	397,426	396	67.36
Equity (Assets-Liabilities)	1,175,816	1,172	208.70	1,202,412	1,199	203.80

 

	1999/2000			2000/01f
	$			$
Farm Working Expenses	Whole farm	per ha	per SU	Whole farm	per ha	per SU
Permanent wages	14,761	15	2.62	17,135	17	2.90
Casual wages	1.868	2	0.33	1,629	2	0.28
ACC	1,225	1	0.22	1,401	1	0.24
Agricultural contracting		0	0.00		0	0.00
Animal health	15,312	15	2.72	16,350	16	2.77
Breeding	549	1	0.10	449	0	0.08
Electricity	2,542	3	0.45	2,807	3	0.48
Feed (hay & silage)	6,274	6	1.11	5,406	5	0.92
Feed (grazing)	2,856	3	0.51	1,833	2	0.31
Feed (other)	1,786	2	0.32	2,593	3	0.44
Farm forestry costs		0	0.00		0	0.00
Fertiliser	26,837	27	4.76	26,757	27	4.54
Lime	375	0	0.07	575	1	0.10
Freight (not elsewhere deducted)	4,673	5	0.83	4,394	4	0.74
Regrassing costs (contractors)	990	1	0.18	2,435	2	0.41
Seeds	4,032	4	0.72	4,386	4	0.74
Shearing costs	12,810	13	2.98	14,747	15	3.31
Weed & pest control	5,553	6	0.99	5,323	5	0.90
Fuel	6,273	6	1.11	6,411	6	1,09
Vehicle costs (excl fuel)	6,911	7	1.23	7,529	8	1,28
Repairs and maintenance	10,715	11	1.90	11,037	11	1.87
Rates	4,867	5	0.86	5,104	5	0.87
Water charges (irrigation)	313	0	0.06	320	0	0.05
Communication costs (phone & mail)	3,548	4	0.63	3,747	4	0.64
Insurance	4,201	4	0,75	4,762	5	0.81
Accountancy	2,512	3	0.45	2,519	3	0.43
Legal & consultancy	1,073	1	0.19	743	1	0.13
Other admin	279	0	0.05	245	0	0.04
Other expenditure	2,309	2	0.41	2,095	2	0.36
Interest	35.214	35	6.25	36,879	37	6,25
Rent &/or leases	6,992	7	1.24	9,805	10	1.66
Cash Farm Expenditure	187,650	187	33.31	199,416	199	33.80
Calculated Ratios
Cash Farm Exp(excl interest+rent)/GFR	59%			57%
EFS /Total Farm Capital	3.9%			4.4%
Interest+rent+lease/GFIR	17%			17%
Economic Farm Surplus (or EBIT)	61,299	61	10.88	70,046	70	11.87
Net Trading Profit/GFR	25%			25%
EFS/GFR	25%			26%

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