Meat & Wool New Zealand Tararua Monitor Farm

Programme

Public Field Day

17 May 2006

Welcome to the Third Public Field Day at Garth and Wesley Coleman’s

Our sincere thanks go to Meat & Wool New Zealand for funding this programme through

your levies

Rural Services Bank

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Contents Page Introduction 3 Background Information 4 Vision Statement 5 Objectives for 2005/06 6 Major Factors Affecting Performance over the Past 12 Months 7 Soil Fertility & Fertiliser 8 Livestock Policies 9 Financial Performance – Year Ended June 2006

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Financial Summary provided by APM Ltd 12 Physical Summary provided by APM Ltd 14 Productivity Analysis provided by APM Ltd 16 2004/05 EFS Flow Diagram 18 Lamb Growth Calculation 19 R2yr Bull Growth Rates 20 R1yr Bull Growth Rates 20 Feedbudget 2005/06 21 Pasture Profile 22 Pasture Supply & Demand 22 Sponsors 23

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Introduction On behalf of Garth, Wesley and the Meat and Wool New Zealand Tararua Monitor Farm Community Group, welcome to our third field day. The objective of this field day is to inform you of what has been happening on the Monitor Farm over the past 12 months. It has been an exciting year with the acquisition of the Wright lease block and the opportunity for growth provided by this. Sheep productivity and lamb prices have not reached target levels. Although this has impacted on business profitability, financial performance shows a marked increase on last year. Garth and Wesley remain focussed on maximising the opportunities sheep and beef farming has to offer, and are still seeking to streamline the system and lift productivity and profit. The theme for the field day is:

“Profitable Production” Our guest speaker is:

• Ken Ring “The Moon Man” – Sponsored by the Southern North Island Sheep Council Technical Specialists

• Technical support has been provided to the Tararua Monitor Farm by Trevor Cook, Manawatu Vet Services and Alec McKay, AgResearch. Their involvement has been sponsored by Rabobank and PPCS

Facilitator

• Greg Sheppard, Farm Management Consultant, Sheppard Agriculture Ltd, Dannevirke

HEALTH & SAFETY IN EMPLOYMENT ACT, (1992) Garth and Wesley Coleman wish to point out to all visitors to this property to take extreme care when travelling over the property in vehicles, moving around yards and facilities and in handling stock.

All practicable steps have been taken to ensure your visit to the property is a safe and enjoyable one.

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Background Information Monitor Farmers: Garth and Wesley Coleman Property Description: The farm business is comprised of 740ha (700 ha eff) of flat to medium hill

country and is best described as an intensive breeding and finishing unit. Ownership: The business is farmed in partnership between Garth and Wesley. Of the

effective area, 154 ha is owned by a family trust and the remaining 546 ha is leased from three neighbours.

Management: Policy decisions are made by Garth and Wesley with input from their Stock

Manager (Des Snook). For 10 weeks in winter Garth leaves general management up to Des while he pregnancy scans ewes.

Staff: Garth and Des are the two full time labour units on the property with

assistance from Wesley, and Garth’s father Ben. Just recently a permanent part time employee has been added to the team, making a total of 3 labour units.

Climate: The properties receive an annual average rainfall of 1030mm. Rainfall is

highest in winter and spring months with the prevailing wind being westerly. Often the properties experience a dry period through February and March.

Subdivision: The farm currently has over 300 paddocks, which range in size from .5ha to

11ha. Fencing is comprised of conventional types and 1 and 2 wire electrics on the bull blocks.

Water: A reticulated water scheme is in place to all paddocks.

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Vision Statement Our farm business is a profitable operation that realises the full potential of the farm, providing sustainable business growth and a lifestyle that has a good balance between work, family and leisure. Our sheep pregnancy scanning business complements the farm business. Personal Goals • To have family holidays annually (3 weeks) • To be able to meet the educational needs of the children. Boarding school started this year • To have regular time out from the farm on a monthly basis (weekends free) • For Garth to continue to pursue a sport or recreational activity Business Goals • To realise financial security through farming. This relates to growing the equity level of the

business, maintaining a reasonable level of drawings, and ensuring debt servicing costs can be met sustainably

• To improve farm profitability to an Economic Farm Surplus of $585/ha by 2006. • To reduce term debt by $120,000 by 2006 • To operate an effective staff management policy involving ongoing upskilling in human resource

management • To win the Tararua Farmer of the Year competition after the completion of the Monitor Farm

Programme and be regarded as one of the top 10% of farmers in the region • To grow the equity of the business as quickly as possible (15 – 20% per year growth) • To manage the property as well as any farmer in the top 10 % • To improve farm productivity levels to realise the potential of the properties farmed. This is

estimated to be 530kgM&F/ha. This is only a target provided that in realising it a higher profit can be generated

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Objectives for 2005/06 • To realise a GFI of $1300/ha and an EFS of $585/ha • Increase the winter carrying capacity to 9961 stock units (14.23 su/ha) in June 2006. • To produce 450 kg of Meat and Fibre per hectare and obtain a feed conversion efficiency level

of 22kgDM/kg carcass weight • To realise a ewe scanning potential of 195% in the MA ewes and 125% in the ewe hogget’s and

realise docking percentages of 140% and 70% in the ewes and hogget’s respectively in the spring of 2005

• To achieve ewe hogget mating weight of 45 kg on 1 May 2006 • To achieve an average lamb weaning weight of 32 kg and lamb weaned per hectare of 330kg

liveweight • To realise a ewe reproductive index score of 70% • To have 100% of surplus lambs sold prime at 16 kg carcass weight by April and 32% of lambs

sold prime at weaning • To improve the post weaning growth rate of lambs to 150 g/d • To achieve an average carcass weight of 270 kg in the yearling bulls and 330kg for 2 year olds • To have 90% of yearling bulls sold prior to their second winter • To renew 35 ha of pasture with improved ryegrass and clover varieties • Utilise Nitrogen tactically to lift pasture, livestock production and profitability • Continue to address issues identified by the wider public during the selection process for this

monitor farm • Continually analyse opportunities to improve financial performance of all farming systems as

operated by members of the community group • Investigate the viability of further drainage and irrigation on the home farm

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Major Factors Affecting Farm Performance over the Past Twelve Months Several factors have impacted on the productivity and profitability of the farm this year, some positive, others negative. Most notable have been: • The aim was to realise docking percentages of 140% and 70% in the ewes and hogget’s

respectively in the spring of 2005. Ewe lambing percentage for spring 2005 was 130% from a scanning of 170%, and hogget’s docked 70% from a scanning of 120%. Scanning was behind target in the ewes due to the expansion of the flock by retention of poorer quality stock and purchase of ewes with unknown genetic merit

• Average lamb weaning weight of 28kg was achieved. This was back on the target of 32kg. Feed

levels throughout lactation were ideal raising questions regarding the animal health status of ewes, ewe genetic merit and quality

• Hogget mating weight of 44kg was achieved – they grew well at 135g/day post weaning. This is the best hogget mating weight achieved on the farm

• The seasons were predominantly kind. Most challenging was a drier than usual late summer

period, and when the rain came it produced a lot of soft feed in late March and April affecting stock growth rates

• Stock deaths were once again higher than desired with 6.3% of ewes dying between mating and

weaning last year. Another 6.3% were dry at scanning, and 3.5% were wet dries. These figures certainly have an effect on the replacement rate required, let alone the need to build up flock numbers. Lamb (post weaning) and bull loses were also higher than expected

• 2th mating weight is lower than expected as a result of late weaning and inadequate monitoring

by weighing. Systems are in place to ensure target 2 tooth tupping weight is achieved in 2007 • Lamb and bull sale prices have been negatively affected by the exchange rate, particularly from

Jan 2006 – March 2006 • Its not all bad – ewe and hogget tupping weights and body condition are good, and this should

be reflected in a higher scanning percentage this year • Weaner bull weights are now behind target as a result of the late summer dry and a high

incidence of ryegrass staggers. A number of bull mobs were supplemented with silage

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Soil Fertility and Fertiliser Table One: Soil Fertility Trends Home Swanney Date Feb-03 Mar-04 Mar-05 Mar-06 Date Feb-03 Mar-04 Mar-05 Mar-06 pH 5.3 5.8 5.7 5.7 pH 5.2 5.6 5.5 5.5

Olsen P 17 21 16 24 Olsen P 10.5 23 13 12

Resin P 48 60 46 73 Resin P 26 61 33.5 32.5

Sulphate S 10.5 5.5 8.5 9.5 Sulphate S 6 5 7.5 4.5

Organic S 7.5 11 7.2 9 Organic S 7.3 13 7.8 7.5

Potassium 7.5 10 15 Potassium 8 9.5 8

Southgate Wrights Date Feb-03 Mar-04 Mar-05 Mar-06 Date Mar-05 Mar-06 pH 5.4 5.6 5.9 5.9 pH 5.2 5.3

Olsen P 30 20 25 24 Olsen P 16 18

Resin P 67 53 70 71 Resin P 29 35

Sulphate S 13.3 10 15.5 9 Sulphate S 11.5 9

Organic S 7.5 13 7.9 9 Organic S 5.5 7

Potassium 11.8 12 9.5 Potassium 6 6 Table Two: Fertiliser Policy 2005/06

2004/05

Fertiliser Product N P K S 121T Double 13s 0 23 0 2318T DAP 4.7 5 0 0.329T Urea 19 0 0 0Total Nutrient/ha 23.7 28 0 23.4

Fertiliser Product N P K S 135T DAP Special Mix 31 31 0 26 34.4T Sustain N 22 0 0 1 Total Nutrient/ha 53 31 0 27

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Livestock Policies

Sheep Production Objectives

• We aim to lift the lambing performance to 160% in the MA ewes and have 100% of the replacement two tooth ewes having reared a lamb as a ewe hogget

• To realise a ewe efficiency level of 0.75 from the MA ewes. This is defined as:

Ewe efficiency = Lambing % X Ave lamb weaning weight (ewe tupping wt + wean wt)/2

• To realise an average lamb sale weight of 16.5 kg carcass weight

Sheep Policy

• ¼ Finn, ¼ Texel and ½ Romney flock • Aiming for 5100 ewes and 1300 hogget’s that are ¼ Finn ¾ Romney

Mating to Lambing

• MA ewes to Composite ram 5th April at a target of 63kg

• Hogget’s to Terminal sire ram 1st May at a target of 45kg

• Ewes are rotated in mobs. At scanning triplets are separated and fed accordingly. Remaining ewes are kept mobbed up until the twins are taken off a month before lambing increasing their intake. Ewes are set stocked around 10 days prior to lambing date. Singles are set stocked at 16/ha, twins at 12/ha and triplets at 8/ha

• The hogget’s are treated the same except they are mated in two smaller mobs

Docking to Weaning

• At docking only the light ewes are drenched. FEC samples are taken from the hogget’s and management decisions are then made. Lambs receive no drench at docking

Weaning to Mating

• Lambs receive a drench at weaning and are then grazed on either cattle country or summer crops to maximising growth rates and minimising, manage internal parasite levels and minimise the use of drench

• Surplus lambs are sold from weaning at an average of 16.5kg • Focus on realising the optimum ewe body condition and feeding programme. Priority

feeding of the lighter ewes occurs to ensure production is not limited by a tail end

• Liveweight monitoring of the MA ewes and hoggets involves weighing a sample of 200 at weaning, on 1 February, 1 April and on 1 May (hoggets)

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Shearing Policy

• Lambs are shorn soon after weaning in January • MA ewes are shorn in January after weaning and then again in June • 2 tooth’s are shorn in November with lambs at foot and again in June • Hogget’s are shorn in August and then February as 2 tooth’s

Table Three: Ewe flock performance summary

Cattle Production Objectives

• To have all yearling bulls sold at an average of 270 kg carcass weight and 2 year old bulls at 330 kg carcass weight.

Cattle Policy

• Bulls are purchased either in October/November as 100kg weaner’s or in autumn at 180-220kg.

• Aim to winter 445 R1yr and 150 R2yr bulls

Ewe Mating weight

(kg)

Ewe Scanning Potential

(%)

Ewe Lambing

Percentage (% STS)

Hogget Lambing

Percentage (% STS)

Lamb Weaning

weight (kg)

Lamb Growth rate

(g/d)

2001 63 146 124 56 26.5 225

2002 63 163 133 78 27 234

2003 56 152 120 66 29 250

2004 64 178 139 80 29 227

2005 62 166 130 70 28 208

2006 63

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Grazing policy

• Bulls are grazed on sheep pastures through to the autumn to limit worm burden, and pasture contamination. This helps to reduce animal health expenditure and ensure the bulls realise their targeted growth pattern

• In late autumn/early winter the weaner bulls are put onto the bull block and intensively

grazed on daily shifts through winter. As pasture growth rates accelerate in the spring, the rotation length is shortened to 15 days. This normally occurs in September

• Two year old cattle generally do some pasture maintenance work over the autumn period.

They go onto specified blocks in winter and are targeted to be finished by December

• All weaner bulls are Quarantine drenched onto the farm. They also receive a Copper bullet and 5 in 1 vaccine. FEC samples are monitored with bulls drenched accordingly. All bulls get a pre winter drench before going onto winter blocks. R2yr bulls receive Copper injection at the same time. Bulls are drenched again in September when coming out of bull blocks.

The following table highlights the changes in stock numbers that have occurred over the past few years as a result of increased stocking rates and land. With the recent lease taking the effective area to 700 ha, we are planning for a period of consolidation. Table Four: Livestock numbers – Actual and expected

Stock Class Estimate Forecast Jun-02 Jun-03 Jun-04 Jun-05 Jun-06 Jun- 07 MA Ewes 1601 2520 2600 3182 3700 38002 Tooths 880 800 860 1350 1440 1300Ewe hoggets 810 1000 890 1312 1385 1400

Ram/Wether hoggets 30 --- --- 617 --- Rams 21 40 50 43 55 56Sheep Stock Units 3170 4152 4212 6110 6380 6265R2yr Bulls 60 132 125 231 235 240R1yr Bulls 193 222 348 430 445 450R2yr Steers 45 106 25 40 0 0

Cattle Stock Units 1394 2189 2316 3290 3178 3225Total Stock Units 4564 6341 6528 9400 9558 9490Stocking Rate (su/ha) 13.3 13.1 13.5 13.4 13.7 13.6Sheep:Cattle Ratio 69:31 65:35 64:36 65:35 67:33 66:34

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Financial Performance – Year Ended June 2006 Financial performance in 2005/06 is expected to be significantly improved on that achieved last year. Largely this is due to the acquisition costs associated with the Wright lease being limited to the 2004/05 year. Financially, the major drop in lamb prices following Christmas has had a significant negative affect. The season was such however that lambs have been carried to a later than normal sale date to minimise the financial impact The following points have been extracted from the APM analysis of the farms financial and physical performance:

Financial Summary provided by APM Ltd

• GFI per sheep stock unit has fallen to $74.14 and cattle to $74.09/csu. These levels are expected to still be well above the regional average returns for sheep and beef

• The adjusted (for increased livestock numbers) GFI for the year is expected to be $968/ha • Animal health expenditure is just $1.63/su highlighting the benefit of a comprehensive

parasite management plan • Adjusted Farm Working Expenses (FWE) totalled $463/ha or just 48% of GFI • The Economic Farm Surplus (EFS) is likely to be $404/ha, up from $275/ha last year. The

EFS is 42% of the GFI showing a very strong profitability ratio • The Return On Capital is expected to be 3.4% which, given the value of the land farmed is

an excellent result

2003/04 2004/05 2005/06 2006/07 Forecast

Income Sheep Sheep Income $/SSU $59.05 $24.84 $50.16 $64.44 Wool Income $/SSU $15.84 $15.63 $17.25 $16.89 Adjusted Sheep GFI/SU $80.32 $84.41 $74.14 $81.34 Cattle Cattle Income $/CSU $75.25 $31.20 $71.00 $72.69 Adjusted Cattle GFI/CSU $71.41 $84.79 $74.09 $74.26 Other $619 $739 $2,515 $2,515 Total Adjusted Income $/SU $77 $85 $74 $79 Total Adjusted Income $/ha $977 $1,129 $968 $1,054

Expenditure per SU Admin and Standing Charges $4.49 $5.62 $2.64 $3.46 Animal Health & Breeding $2.92 $3.08 $1.63 $1.91 Development $8.17 $3.87 $1.04 $0.00 Fertiliser P, S & Lime $11.97 $11.68 $6.71 $6.48 Nitrogen $3.27 $7.72 $3.75 $2.31 R&M $3.12 $3.40 $1.18 $2.11 Shearing ($/SSU) $4.91 $8.23 $7.58 $7.42 Vehicle $2.14 $2.15 $1.94 $2.04 Wages $6.88 $7.71 $7.97 $7.51 Total Adjusted FWE/SU $37.63 $53.20 $35.62 $36.40

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2003/04 2004/05 2005/06 2006/07 Forecast

Expenditure per ha Development $103 $52 $14 $0 Fertiliser P, S & Lime $151 $156 $87 $86 Nitrogen $41 $103 $49 $31 R&M $40 $45 $15 $28 Wages $87 $103 $104 $100 Total Adjusted FWE $/ha $476 $710 $463 $485 FWE/GFI % 49 63 48 46

Economic Farm Surplus (EFS)

Farm Operating Surplus (EBIT) $242,226 $203,145 $353,247 $398,697

Change in Livestock Value $12,694 $306,681 $49,993 $5,094 Less Depreciation $25,406 $25,200 $25,200 $25,200 Less Wage to Mgmt $45,000 $45,000 $45,000 $45,000 EFS/SU $28.06 $20.59 $31.07 $35.25 EFS/ha $355 $275 $404 $469 EFS/GFI % 37.4 55.4 41.7 44.5

Return on Capital Land and Buildings (Est) $3,544,000 $4,575,000 $7,100,000 $7,800,000 Livestock (Herd) $587,734 $695,908 $1,002,589 $1,052,582

Plant & Machinery (Book value) $97,834 $106,874 $135,654 $150,000

Total Capital $4,229,577 $5,377,782 $8,238,243 $9,002,582 Return on Capital % 4.1 2.5 3.4 3.6 Return on Equity % 0.9 -2.2 -1.2 1.6 Change in Equity % 16.9 21.1 1.5 4.8

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Physical Summary provided by APM Ltd

• Nitrogen use this year is about half of that used in 2004/05 at 23.7 kgN/ha ($49/ha) • Phosphate inputs have been reduced to 27kgP/ha ($87/ha) as a consequence of an overall

lift in soil fertility in the past three years • Stock units have increased over the year by 300 to 9318 su or 13.3su/ha • Ewe losses over lambing were very high, however, it is pleasing to note that we expect a

drop in the overall sheep death rate from previous years. This has been an area of concern for some time

• Cattle deaths appear to be high this year at 7.7% • The ewe breeding efficiency level dropped this year to 58% (down from 63.4% last year)

primarily due to ewe and lamb wastage over winter and lambing • The average lactation growth rate in lambs was poor at just 208 g/d despite very good

pasture cover • Lambing percentage achieved was 130% in the MA ewes and 70% in the hogget’s (in both

cases back 10% from 2004/05) • Ewe hogget growth rate post weaning was very good at 126 g/d • The growth rate of sale lambs is estimated to be 104g/d • 2 year old bulls grew at an average of 0.89 kg/d from 1 July to sale • 18 month old bulls grew at 0.9 kg/d from 1 July

2003/04 2004/05 2005/06 2006/07 forecast

Opening Grazing Area 484 484 700 700 Livestock Detail Opening Sheep SU 3903 4075 6003 6130 Opening Cattle SU 2220 2382 3106 3188 Total Opening SU 6123 6457 9109 9318 Total Closing SU 6457 9109 9318 9370 Opening SU/ha 12.7 13.3 13 13.3 Opening Sheep:Cattle 64:36 63:37 66:34 66:34

Production Sheep Hogget lambing % 65.6 80.0 70.2 75.4 MA lambing % 120 139 130.2 139.8 Flock lambing % 108.1 126.8 116.9 126.2 Wool kg/su 4.6 5.9 5.1 5.0 Death/missing % 12.8 14.7 9.9 7.8 Cattle Death/missing % 2.2 4.0 7.7 1.6

Fertiliser kgN/ha 71.5 75.9 (52) 23.7 24.3 kgP/ha 45.9 44.6 (30.8) 27.6 27.6 kgK/ha 6.1 0 0 0 kgS/ha 35.8 39.1 (27) 22.7 26.1

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2003/04 2004/05 2005/06 2006/07 Forecast

Sheep Reproduction Reproductive Index MA Ewes 62.1 63.4 57.8 67.7 Hogget’s 50.8 58.0 45.6 44.4 MA Ewes Scanning % 168 176 166 178 Conception % 97 97 92 96 Dry % 3 3 8 4 Lambing % 120 139 130 140 Lamb wastage % 29 21 22 21 Ewe wastage % 2 8 5 3 Hogget’s Scanning % 92 111 127 120 Conception % 76 84 87 86 Dry % 24 16 13 14 Lambing % 66 80 70 75 Lamb wastage % 29 28 45 41 Ewe wastage % 35 16 13 11 Flock Scanning % 151 163 157 165 Conception % 93 94 91 94 Dry % 7 6 9 6 Lambing % 108 127 117 126 Lamb wastage % 29 22 26 25 Ewe wastage % 9 9 7 5

Sheep Lactational Growth Rate MA Ewes Ave days to weaning 110 108 113 112 Lact growth rate (g/day) 222.7 226.9 208.0 227.7 Av lamb weaning weight (kg) 29.0 29.0 28.0 30.0 Hogget’s Ave days to weaning 92 96 119 90 Lact growth rate (g/day) 266.3 255.2 197.5 227.8 Av lamb weaning weight (kg) 29.0 29.0 28.0 25.0 Flock Ave days to weaning 107 106 113 108 Lact growth rate (g/day) 228.4 230.1 206.6 227.7 Ave lamb weaning weight (k) 29.0 29.0 28.0 29.1 kg Lamb weaned/ha 266.9 318.7 274.4 349.6

Sheep Post Weaning Average days to sale 79 78 102 45

Ewe hogget post wean growth rate 92.4 88.7 126.2 125.0

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Productivity Analysis provided by APM Ltd

• Sheep Meat & Fibre (M&F) for the year is expected to be 196kg/ha and cattle M&F, 151.1 kg/ha giving a total M&F production level of 347.1 kg/ha

• Meat production efficiency (M&F/Opening Liveweight) is estimated to be 0.4 • Feed conversion efficiency this year appears low at 32.6 kgDM/kg M&F produced • The average value of M&F produced is $2.78/kg with the value (GFI) of DM consumed being

$0.09 • The EFS/kg of M&F and DM has been calculated to be $1.09 and $0.03 respectively

2003/04 2004/05 2005/06 2006/07 Forecast

Sheep Meat & Fibre Productivity

Opening sheep liveweight (kg/ha) 478.6 540.8 543.4 565.7

Closing sheep liveweight (kg/ha) 540.8 804.6 565.7 567.2

Adj meat production (kg/ha) 158.4 186.6 151.9 175.2 Wool production (kg/ha) 37 49 44 44

Adj sheep meat & fibre (kg/SSU) 24.2 28.0 22.9 25.1

Adj sheep meat & fibre (kg/ha) 195.5 235.9 196.0 219.3

Meat production efficiency 0.41 0.44 0.36 0.39

Adj sheep GFI per kg Sheep M&F $3.31 $3.01 $3.24 $3.25

Cattle Meat Productivity

Opening cattle liveweight (kg/ha) 343.3 293.6 330.5 317.2

Closing cattle liveweight (kg/ha) 293.6 478.0 317.2 334.3

Adj cattle meat production (kg/ha) 168.9 161.4 151.1 164.1

Adj cattle meat production (kg/CSU) 36.8 32.8 34.1 36.0

Meat production efficiency 0.49 0.55 0.46 0.52

Adj cattle GFI per kg Cattle M&F $1.94 $2.58 $2.18 $2.06

Total Meat & Fibre Productivity Opening liveweight (kg/ha) 821.9 834.3 873.9 882.9 Closing liveweight (kg/ha) 834.3 1282.6 882.9 901.5 Adj meat production (kg/ha) 327.2 348 303 339.3 Wool production (kg/ha) 37.1 49.3 44.1 44.1

Adj meat & fibre production (kg/ha) 364.4 397.3 347.1 383.4

Adj meat & fibre production (kg/SU) 28.8 29.8 26.7 28.8

Meat production efficiency 0.44 0.48 0.40 0.43

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2003/04 2004/05 2005/06 2006/07 Forecast

Key Efficiency Ratios Production kg DM consumed/kg M&F 24.7 23.8 31.8 26.3 Return from Production Adj stock GFI/kg M&F($/kg) $2.68 $2.84 $2.78 $2.74 Adj stock GFI/kg DM ($/kg) $0.11 $0.12 $0.09 $0.10 Cost of Production Adj FWE/kg M&F ($/kg) $1.31 $1.79 $1.34 $1.26 Adj FWE/kg DM ($/kg) $0.05 $0.08 $0.04 $0.05 Profitability of Production Adj stock EFS/kg M&F ($/kg) $0.97 $0.69 $1.09 $1.16 Adj stock EFS/kg DM ($/kg) $0.04 $0.03 $0.03 $0.04

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Feed Budget 2005/06

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Name: G & W Coleman Date: May 2006 Month July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June Number of days 31 31 30 31 30 31 31 28 31 30 31 30 Area (effective) 700 700 700 689 663 667 676 676 676 683 693 700 (A) Starting Cover (KgDM/ha) 1420 1398 1366 1447 1521 1535 1612 1541 1444 1419 1455 1493 Pasture Growth Rate (kgDM/ha/d) 13.7 15.3 30.2 38.4 45.7 48 32.4 19.1 26.8 28.8 23 18 Supplements (Total kg/month): Crop 120000 120000 60000 Nitrogen 100800 100800 75000 75000

(B) Total Feed Supply (kgDM/ha/d) 18.3 19.9 33.8 41.9 45.7 48.0 38.1 25.4 29.7 28.8 23.0 18.0 FEED DEMAND: Ewes Number 3154 2885 2885 2824 2763 2955 2955 4073 4073 3748 3700 3690 Intake (KgDM/hd/d) 1.3 1.5 2.7 3.3 3.0 2.7 2.3 1.2 1.4 1.7 1.4 1.3 Intake (KgDM/ha/d) 5.7 6.2 11.2 13.7 12.6 11.8 9.9 7.2 8.7 9.3 7.3 6.7 2 tooth’s Number 1351 1297 1297 1244 1240 1234 1230 1440 1440 1440 1440 1440 Intake (KgDM/hd/d) 1.3 1.5 2.7 3.3 3.0 2.6 2.2 1.2 1.4 1.7 1.4 1.3 Intake (KgDM/ha/d) 2.6 2.7 5.0 6.0 5.6 4.9 4.1 2.6 3.1 3.6 2.8 2.6 Ewe Hogget’s Number 1307 1500 1500 1490 1484 1482 1482 1385 1385 1385 1385 Intake (KgDM/hd/d) 1.2 1.2 1.6 2.3 2.5 2.7 2.2 0.0 1.2 1.2 1.2 1.3 Intake (KgDM/ha/d) 2.2 2.5 3.5 5.0 5.6 5.9 4.9 0.0 2.4 2.5 2.4 2.5 Lambs Number 781 338 50 5877 6860 6860 6430 5350 3642 2880 1500 500 Intake (KgDM/hd/d) 1.1 1.3 1.5 0.2 0.5 0.8 1.0 1.1 1.1 1.2 1.2 1.3 Intake (KgDM/ha/d) 1.2 0.6 0.1 1.7 5.2 8.2 9.8 8.6 6.1 4.9 2.5 0.9 Rams Number 53 53 53 53 53 70 60 60 58 60 60 55 Intake (KgDM/hd/d) 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 Intake (KgDM/ha/d) 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 (C) Total Sheep Demand (kgDM/ha/d) 11.8 12.1 19.9 26.5 29.1 31.0 28.9 18.5 20.3 20.4 15.2 12.9 R1 yr Bulls Number 89 89 89 89 89 89 89 50 40 33 0 85 Home Intake (KgDM/hd/d) 6.7 8.8 10.1 10.9 12.7 13.6 11.2 11.4 11.7 0.0 0.0 6.9 Intake (KgDM/ha/d) 0.9 1.1 1.3 1.4 1.7 1.8 1.5 0.8 0.7 0.0 0.0 0.8 R1 yr Bulls Number 94 94 94 94 94 94 93 88 78 48 48 120 Swanney's Intake (KgDM/hd/d) 6.6 8.7 10.0 10.8 12.7 13.5 11.1 11.3 11.6 11.8 0.0 6.9 Intake (KgDM/ha/d) 0.9 1.2 1.3 1.5 1.8 1.9 1.5 1.5 1.3 0.8 0.0 1.2 R1yr Bulls Number 126 126 126 125 125 125 125 105 95 65 50 125 South Gates Intake (KgDM/hd/d) 6.7 8.8 10.1 10.9 12.7 13.5 11.1 11.3 11.6 11.8 12.1 6.9 Intake (KgDM/ha/d) 1.2 1.6 1.8 2.0 2.4 2.5 2.0 1.8 1.6 1.1 0.9 1.2 R1 yr Bulls Number 120 120 120 120 120 120 119 119 108 70 60 114 Wrights Intake (KgDM/hd/d) 6.5 8.7 9.9 10.8 12.6 13.4 11.0 11.3 11.5 11.8 12.0 6.9 Intake (KgDM/ha/d) 1.1 1.5 1.7 1.9 2.3 2.4 1.9 2.0 1.8 1.2 1.0 1.1 Autumn Wnrs Number 41 88 88 88 88 88 87 87 87 87 0 Intake (KgDM/hd/d) 0.0 6.0 6.6 7.4 7.8 7.1 7.4 7.2 7.9 8.1 8.3 7.6 Intake (KgDM/ha/d) 0.0 0.4 0.8 0.9 1.0 0.9 1.0 0.9 1.0 1.0 1.0 0.0 R2yr Bulls Number 231 231 231 232 180 66 11 11 2 0 237 Intake (KgDM/hd/d) 8.0 9.6 12.7 13.5 14.0 16.5 16.5 13.2 7.2 7.2 7.9 7.2 Intake (KgDM/ha/d) 2.6 3.2 4.2 4.6 3.8 1.6 0.3 0.2 0.0 0.0 0.0 2.4 Wnr Bulls Number 100 342 342 342 340 347 347 414 0 Intake (KgDM/hd/d) 0.0 0.0 0.0 5.7 6.0 6.3 6.6 6.4 7.1 5.9 6.0 6.7 Intake (KgDM/ha/d) 0.0 0.0 0.0 0.8 3.1 3.2 3.3 3.2 3.6 3.0 3.6 0.0 R2 yr Steers Number 50 0 0 0 0 0 0 0 0 0 0 0 Intake (KgDM/hd/d) 7.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Intake (KgDM/ha/d) 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (D) Total Cattle Demand (kgDM/ha/d) 7.3 8.9 11.2 13.1 16.1 14.5 11.5 10.4 10.1 7.2 6.6 6.8 (E) TOTAL DEMAND (KgDM/ha/d) 19.0 21.0 31.1 39.5 45.2 45.5 40.4 28.9 30.5 27.6 21.8 19.7 (E = C+D) (F) Surplus/Deficit (kgDM/ha/d) -0.7 -1.0 2.7 2.4 0.5 2.5 -2.3 -3.5 -0.8 1.2 1.2 -1.7 (F = B-E) (G) Monthly Cover Change (kgDM/ha) (G = F * No. Days) -21.6 -32.3 80.6 73.8 14.7 76.7 -70.6 -97.2 -25.4 35.9 38.5 -49.7 (H) MONTH END COVER (KgDM/ha) (H = A+G) 1398 1366 1447 1521 1535 1612 1541 1444 1419 1455 1493 1443

Note:

Pasture Growth Rate figures are calculated Net Herbage Accumulation Rates

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Pasture Profile

Pasture Profile

1200

1250

1300

1350

1400

1450

1500

1550

1600

1650

kgDM/ha

0.0

10.0

20.0

30.0

40.0

50.0

60.0

kgD

M/h

a/d

Cover 1420 1398 1366 1447 1521 1535 1612 1541 1444 1419 1455 1493

Supply 18.3 19.9 33.8 41.9 45.7 48.0 38.1 25.4 29.7 28.8 23.0 18.0

Demand 19.0 21.0 31.1 39.5 45.2 45.5 40.4 28.9 30.5 27.6 21.8 19.7

July August September October November December January February March April May June

Pasture Supply and Demand

Feed Supply and Demand

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

kgDM/ha/d

(C) Total Sheep Demand (kgDM/ha/d) 11.8 12.1 19.9 26.5 29.1 31.0 28.9 18.5 20.3 20.4 15.2 12.9

(D) Total Cattle Demand (kgDM/ha/d) 7.3 8.9 11.2 13.1 16.1 14.5 11.5 10.4 10.1 7.2 6.6 6.8

July August September OctoberNovembe

rDecembe

r January February March April May June

Lamb Growth Calculation Farm: Coleman's Year: 2005/06 Weaning date: 2/01/2006 Weaning Weight: 28 kg

Sale date Days from Weaning Number sold

Lamb Grazing Days

Feed Consumption

Carcass Weight

(ave) Total Live weight 5/01/2006 3 251 753 1.08 15.5 9489.0

11/01/2006 9 419 3771 1.08 14.98 15308.8 1/02/2006 30 254 7620 1.08 15.9 9850.2 1/02/2006 30 142 4260 1.08 15.49 5364.8

11/02/2006 40 142 5680 1.08 15.9 5506.8 26/02/2006 55 100 5500 1.08 16 3902.4 6/03/2006 63 248 15624 1.08 17.05 10313.2 6/03/2006 63 100 6300 1.08 15.8 3853.7 2/03/2006 59 17 1003 1.08 15.9 659.3 1/03/2006 58 43 2494 1.08 15.5 1625.6

21/03/2006 78 71 5538 1.08 16 2770.7 3/04/2006 91 200 18200 1.08 15.4 7512.2

13/04/2006 101 112 11312 1.08 16.6 4534.6 21/04/2006 109 155 16895 1.08 15.5 5859.8 21/04/2006 109 15 1635 1.08 18.4 673.2 24/04/2006 112 33 3696 1.08 14.67 1180.8 1/05/2006 119 89 10591 1.08 15.2 3299.5

10/05/2006 128 344 44032 1.08 16 13424.4 31/05/2006 149 1238 184462 1.08 16 48312.2 15/06/2006 164 1000 164000 1.08 16 39024.4

Total N/A 4973 513366 553504 15.9 192465.6 Note: The dressing out percentage used is 41%. Ave Liveweight 38.7 Average Number of days to sale: 103 Days (15/04/06) 112.73 Kg Carcass Wt/ha Average Growth Rate: 104 (g/day) 274.95 Kg Liveweight/ha

R2 yr Bull Growth Rates Farm: Coleman's Year: 2005/06 Start Date 1/07/2005 Start Weight: 480 kg

Sale date Days from 1 July Number sold Grazing Days Live weight (ave) Carcass Weight (ave) Total Live weight8/11/2005 130 15 1950 669 347.9 10035.6 17/11/2005 139 17 2363 653 339.6 11102.3 29/11/2005 151 20 3020 657 341.6 13138.5 9/12/2005 161 35 5635 647 336.5 22649.0 14/12/2005 166 20 3320 601 312.3 12011.5 14/12/2005 166 18 2988 648 337 11665.4 20/12/2005 172 28 4816 648 337 18146.2 20/12/2005 172 12 2064 588 306 7061.5 9/01/2006 192 40 7680 589 306.1 23546.2 9/01/2006 192 15 2880 593 308.3 8893.3

Total N/A 220 36716 628.4 326.8 138249.4 102.7 197.5 Average Number of days to sale: 167 days Average Growth Rate: 0.89 (kg/day) R1 yr Bull Growth Rates Start Date 1/07/2005 Start Weight: 282 kg

Sale date Days from 1 July Number sold Grazing Days Live weight (ave) Carcass Weight (ave) Total Live weight18/01/2006 201 40 8040 528.7 274.9 21146.2 19/01/2006 202 13 2626 523.5 272.2 6805.0 26/01/2006 209 11 2299 540.8 281.2 5948.5 10/02/2006 224 20 4480 515.4 268 10307.7 27/02/2006 241 30 7230 529.0 275.1 15871.2 13/03/2006 255 35 8925 541.7 281.7 18960.6 22/03/2006 264 15 3960 511.0 265.7 7664.4 28/03/2006 270 15 4050 494.4 257.1 7416.3 13/04/2006 286 10 2860 517.5 269.1 5175.0 28/06/2006 355 97 32495 519.2 270 50365.4

Total N/A 286 76965 523.3 272.1 149660.2 Note: The dressing out percentage used is 52%. 111.2 213.8 Average Number of days to sale: 269 days Average Growth Rate 0.90 (kg/day) Total Meat/ha 213.9 Kg Carcass weight 411.3 Kg Liveweight

The Community Group wishes to thank the following organisations for their support of the Tararua Monitor Farm. Funders: Meat and Wool New Zealand Major Sponsors: Rabobank NZ PPCS Operating Sponsors: Summit Quinphos – all soil and herbage tests Field Day Sponsors: Southern North Island Sheep Council

NorseWear Dannevirke Honda

Federated Farmers Elders Primary Wool Co-operative Ancare APM Ltd Sheppard Agriculture Ltd The Community Group would also like to acknowledge the contributions made to the programme by:

• Alec MacKay (AgResearch) • Trevor Cook (Manawatu Vet Services) • Dave McNeur (Summit Quinphos) • Rob Salmon (Wrightson Seeds) • Grant Simpson (Simpson Contracting) for their input over the past year.

For further information on any details provided in the handout or by our guest speakers, please feel free to contact:

Greg Sheppard Farm Management Consultant

Tararua Monitor Farm Facilitator

Sheppard Agriculture, Dannevirke Ph: (06) 374 6199

Email: greg@sheppardagriculture.co.nz Website: www.sheppardagriculture.co.nz

Garth & Wesley Coleman along with the Community Group would like to acknowledge & thank the following:

Meat & Wool New Zealand *

PPCS Ltd *

Rabobank *

Summit Quinphos *

Ancare *

Norsewear *

Southern North Island Sheep Council *

Federated Farmers *

Elders Primary Wool *

Dannevirke Honda *

Agricultural Profit Management Ltd *

Sheppard Agriculture Ltd *