Financial Findings
The financial data we’re collecting includes detailed information on milk solids production per hectare, farm working expenses, item expenses, pasture quantity consumed, and more. This helps us build a picture of the profitability of regenerative farming, in comparison to conventional practices.
Clareview 2023-24 Year End Actuals
Conventional Regenerative Combined Effective Area 148 148 296 Stocking Rate 3.78 3.03 3.4 Cow Numbers 559 448 1007 Milk Solids 253617 196,750 450,367 Milk Solids Per Cow 454 439 447 Milk Solids Per Ha 1714 1329 1522 Payout (kg/MS) $7.9 $7.9 $7.9 Stock Sales (p/kgMS) $0.36 $0.36 $0.36 Gross Income (p/KgMS) $8.26 $8.26 $8.26 Total Revenue $2,094,181 $1,624,613 $3,718,794 Conventional
Budget
(p/kgMS/Cow/Ha)Regenerative
Budget
(p/kgMS/Cow/Ha)Combined
Budget
(p/kgMS/Cow/Ha)Conventional
Budget
($$)Regenerative
Budget
($$)Combined
Budget
($$)Animal Expenses
Animal Health (p/cow) $ 73.67 $ 81.51 $ 77.16 $ 41,179 $ 36,518 $ 77,697 Breeding (p/cow) $ 78.76 $ 78.76 $ 78.76 $ 44,025 $ 35,283 $ 79,308 Calf Rearing (p/cow) $ 14.06 $ 14.06 $ 14.06 7,859 6,298 14,157 Other Animal – Allflex (p/cow) $ 39.57 $ 39.57 $ 39.57 $ 22,117 $ 11,726 $ 39,843 Total Animal Expenses $ 206 $ 214 $ 210 $ 115,181 $ 95,824 $ 211,005 Feed Expenses
Feed On Farm / Supplements (p/cow) $ 426.68 $ 314.80 $ 376.91 $ 238,517 $ 141,030 $ 379,547 Feed On Farm / Oats, Swedes, Maize (p/ha) 0 0 0 0 0 0 Feed Off Farm / Grazing (p/cow) $ 573.9 $ 573.9 $ 573.9 320,810 257,107 577,917 Total Feed Expenses $ 1,000.58 $ 888.7 $ 950.81 $ 559,327 $ 398,137 $ 957,464 Pasture Expenses
Irrigation (Excluding Electricty) (50:50) ¢ 0.06 ¢ 0.08 ¢ 0.07 $ 16,174 $ 16,174 $ 32,348 Fertiliser (p/ha) $ 930 $ 684 $ 807.2 $ 137,649 $ 101,282 $ 238,931 Pasture Renewal (Regrassing) (p/ha) $ 71.33 0 $ 35.67 $ 10,557 0 $ 10,557 Regen/Diverse Crop (p/ha) 0 $ 119.09 $ 59.54 0 $ 17,625 $ 17,625 Weed & Pest (50:50) ¢ 0.004 ¢ 0.005 0 $ 971 $ 971 $ 1941 Total Pasture Expenses $ 1001.46 $ 803.51 $ 902.48 $ 165,351 $ 136,051 $ 301,402 Operating Expenses
Electricty (Include Irrigation Electricty) (p/ha) ¢ 0.27 ¢ 0.35 ¢ 0.31 $ 69,359 $ 69,359 $ 138,718 Freight Exps (p/cow) $ 22.19 $ 22.19 $ 22.19 $ 12,403 $ 9,941 $ 22,344 Repairs & Maintenance (p/kgMS) ¢ 0.19 ¢ 0.19 ¢ 0.23 $ 59,369 $ 46,057 $ 105,426 Shed Exps (p/kgMs) ¢ 0.08 ¢ 0.07 ¢ 0.07 $ 18,864 $ 14,634 $ 33,498 Staff Costs (p/kgMS) ¢ 1.00 ¢ 1.04 ¢ 1.02 $ 254,360 $ 203,852 $ 458,212 Vehicle Exps (p/kgMS) ¢ 0.11 ¢ 0.12 ¢ 0.11 $ 28,313 $ 22,691 $ 51,004 Total Operating Expenses $ 23.85 $ 23.96 $ 23.94 $ 442,668 $ 366,534 $ 809,202 Other Operating Expenses
Health and Safety (H&S) (50:50) ¢ 0.021 ¢ 0.027 ¢ 0.02 $ 5,405 $ 5,405 $ 10,810 Other Operating Expenses (50:50) ¢ 0.009 ¢ 0.012 ¢ 0.01 $ 2,308 $ 2,308 $ 4,615 Total Operating Expenses ¢ 0.03 ¢ 0.039 ¢ 0.034 $ 7,713 $ 7,713 $ 15,425 Overhead Expenses
Administration (Farm) (50:50) ¢ 0.05 ¢ 0.05 ¢ 0.04 $ 8,325 $ 8,325 $ 16,649 Administration (Overheads) (50:50) ¢ 0.29 ¢ 0.29 ¢ 0.28 $ 63,838 $ 63,838 $ 127,675 Rates (50:50) ¢ 0.05 ¢ 0.05 ¢ 0.07 $ 14,648 $ 14,648 $ 29,295 Insurance (50:50) ¢ 0.06 ¢ 0.06 ¢ 0.08 $ 17,361 $ 17,361 $ 34,722 ACC Levies (50:50) ¢ 0.02 ¢ 0.02 ¢ 0.02 $ 5,045 $ 5,045 $ 10,090 Total Overhead Expenses ¢ 0.48 ¢ 0.48 ¢ 0.49 $ 109,216 $ 109,216 $ 218,431 Total Farm Working Expenses (F.W.E)
$ 5.52 $ 5.66 $ 5.58 $ 1,399,455 $ 1,113,474 $ 2,512,929 Dairy Operating (Surplus/Deficit) (EBITDA)
$ 2.74 $ 2.60 $ 2.68 $ 694,727 $ 511,138 $ 1,205,865 EBIT p/HA
$ 4,694 $ 3,454 $ 4,074 Clareview Actuals + Forecast 30 November 2023 (6+6)
Conventional Regenerative Combined Effective Area 148 148 296 Stocking Rate 3.78 3.03 3.4 Cow Numbers 559 448 1,007 Milk Solids 252,000 201,000 453,000 Milk Solids Per Cow 451 449 450 Milk Solids Per Ha 1703 1,358 1,530 Payout (kg/MS) $8.32 $8.32 $8.32 Stock Sales (p/kgMS) $0.27 $0.27 $0.27 Gross Income (p/KgMS) $8.592 $8.59 $8.59 Total Revenue $2,164,034 $1,726,074 $3,890,108 Conventional
Budget
(p/kgMS/Cow/Ha)Regenerative
Budget
(p/kgMS/Cow/Ha)Combined
Budget
(p/kgMS/Cow/Ha)Conventional
Budget
($$)Regenerative
Budget
($$)Combined
Budget
($$)Animal Expenses
Animal Health (p/cow) $ 82.64 $ 91.44 $ 86.55 $ 46,194 $ 40,965 $ 87,159 Breeding (p/cow) $ 63.33 $ 63.33 $ 63.33 $ 35,399 $ 28,370 $ 63,769 Calf Rearing (p/cow) $ 13.83 $ 13.83 $ 13.83 7,729 6,195 13,924 Other Animal – Allflex (p/cow) $ 39.55 $ 39.55 $ 39.55 $ 22,107 $ 17,717 $ 39,824 Total Animal Expenses $ 199 $ 209 $ 203 $ 111,430 $ 93,246 $ 204,676 Feed Expenses
Feed On Farm / Supplements (p/cow) $ 352.82 $ 318.79 $ 337.68 $ 197,227 $ 142,819 $ 340,046 Feed On Farm / Oats, Swedes, Maize (p/ha) 0 0 0 0 0 0 Feed Off Farm / Grazing (p/cow) $ 570.41 $ 570.41 $ 570.41 318,861 255,546 574,407 Total Feed Expenses $ 923 $ 889 $ 908 $ 516,088 $ 398,365 $ 914,453 Pasture Expenses
Irrigation (Excluding Electricty) (50:50) ¢ 0.06 ¢ 0.07 ¢ 0.06 $ 13,927 $ 13,927 $ 27,853 Fertiliser (p/ha) $ 791 $ 676 $ 733.22 $ 117,033 $ 100,000 $ 217,033 Pasture Renewal (Regrassing) (p/ha) $ 47.30 0 $ 23.65 $ 7,000 0 $ 7,000 Regen/Diverse Crop (p/ha) 0 $ 115.74 $ 57.87 0 $ 17,130 $ 17,130 Weed & Pest (50:50) ¢ 0.004 ¢ 0.005 0 $ 996 $ 996 $ 996 Total Pasture Expenses $ 838 $ 791 $ 815 $ 138,955 $ 132,052 $ 132,052 Operating Expenses
Electricty (Include Irrigation Electricty) (p/ha) ¢ 0.27 ¢ 0.34 ¢ 0.3 $ 68,009 $ 68,009 $ 136,018 Freight Exps (p/cow) $ 11.98 $ 11.98 $ 11.98 $ 6,694 $ 5,365 $ 12,059 Repairs & Maintenance (p/kgMS) ¢ 0.19 ¢ 0.19 ¢ 0.2 $ 49.454 $ 39,446 $ 88,900 Shed Exps (p/kgMS) ¢ 0.08 ¢ 0.07 ¢ 0.07 $ 18,466 $ 14,728 $ 33,194 Staff Costs (p/kgMS) ¢ 1.06 ¢ 1.07 ¢ 1.06 $ 267,723 $ 214,561 $ 482,284 Vehicle Exps (p/kgMS) ¢ 0.1 ¢ 0.10 ¢ 0.10 $ 24,823 $ 19,894 $ 44,717 Total Operating Expenses $ 14 $ 14 $ 14 $ 435,169 $ 362,003 $ 797,172 Other Operating Expenses
Health and Safety (H&S) (50:50) ¢ 0.024 ¢ 0.030 ¢ 0.03 $ 5,982 $ 5,982 $ 11,963 Other Operating Expenses (50:50) ¢ 0.008 ¢ 0.010 ¢ 0.01 $ 2,087 $ 2,087 $ 4,174 Total Operating Expenses ¢ 0.032 ¢ 0.040 ¢ 0.036 $ 8,069 $ 8,069 $ 16,137 Overhead Expenses
Administration (Farm) (50:50) ¢ 0.05 ¢ 0.05 ¢ 0.03 $ 7,061 $ 7,061 $ 14,122 Administration (Overheads) (50:50) ¢ 0.29 ¢ 0.29 ¢ 03 $ 66,891 $ 66,891 $ 133,782 Rates (50:50) ¢ 0.05 ¢ 0.05 ¢ 0.05 $ 11,522 $ 11,522 $ 23,044 Insurance (50:50) ¢ 0.06 ¢ 0.06 ¢ 0.09 $ 19,968 $ 19,968 $ 39,935 ACC Levies (50:50) ¢ 0.02 ¢ 0.02 ¢ 0.02 $ 5,045 $ 5,045 $ 10,090 Total Overhead Expenses ¢ 0.48 ¢ 0.48 ¢ 0.48 $ 110,487 $ 110,487 $ 220,973 Total Farm Working Expenses (F.W.E)
$ 5.24 $ 5.49 $ 5.35 $ 1,320,196 $ 1,104,222 $ 2,424,418 Dairy Operating (Surplus/Deficit) (EBITDA)
$ 2.53 $ 2.27 $ 3.24 $ 637,197 $ 457,033 $ 1,465,690 EBIT p/HA
$ 4,305 $ 3,088 $ 3,697 Clareview Budget – Year Ending 31st May 2024
Conventional Regenerative Combined Effective Area 148 148 148 Stocking Rate 3.78 3.03 3.4 Cow Numbers 559 448 1,007 Milk Solids 244,000 200,000 444,000 Milk Solids Per Cow 436 446 441 Milk Solids Per Ha 1,649 1,351 1,500 Payout (kg/MS) $8.32 $8.32 $8.32 Stock Sales (p/kgMS) $0.27 $0.27 $0.27 Gross Income (p/KgMS) $8.59 $8.59 $8.59 Total Revenue $2,096,657 $1,718,571 $3,815,228 Conventional
Budget
(p/kgMS/Cow/Ha)Regenerative
Budget
(p/kgMS/Cow/Ha)Combined
Budget
(p/kgMS/Cow/Ha)Conventional
Budget
($$)Regenerative
Budget
($$)Combined
Budget
($$)Animal Expenses
Animal Health (p/cow) $ 82.64 $ 91.44 $ 86.55 $ 46,194 $ 40,965 $ 87,159 Breeding (p/cow) $ 59.32 $ 59.32 $ 59.32 $ 33,160 $ 26,576 $ 59,736 Calf Rearing (p/cow) $ 12.17 $ 12.17 $ 12.17 6,806 5,454 12,260 Other Animal – Allflex (p/cow) $ 37.90 $ 37.90 $ 37.90 $ 21,185 $ 16,979 $ 38,164 Total Animal Expenses $ 192 $ 201 $ 196 $ 107,346 $ 89,973 $ 197,319 Feed Expenses
Feed On Farm / Supplements (p/cow) $ 382.28 $ 282.04 $ 337.68 $ 213,693 $ 126,353 $ 340,046 Feed On Farm / Oats, Swedes, Maize (p/ha) 0 0 0 0 0 0 Feed Off Farm / Grazing (p/cow) $ 567.43 $ 567.43 $ 567.43 317,196 254,211 571,407 Total Feed Expenses $ 949.71 $ 849.47 $ 905.12 $ 530,890 $ 380,563 $ 911,453 Pasture Expenses
Irrigation (Excluding Electricty) (50:50 split) ¢ 0.06 ¢ 0.07 ¢ 0.06 $ 13,800 $ 13,800 $ 27,600 Fertiliser (p/ha) $ 800 $ 600 $ 700 $ 118,400 $ 88,800 $ 207,200 Pasture Renewal (Regrassing) (p/ha) 0 0 0 0 0 0 Regen/Diverse Crop (p/ha) 0 $ 40.54 $ 20.27 0 $ 6,000 $ 6,000 Weed & Pest (50:50 split) ¢ 0.01 ¢ 0.01 ¢ 0.01 $ 1500 $ 1,500 $ 3,000 Total Pasture Expenses $ 800.06 $ 640.62 $ 720.34 $ 133,700 $ 110,100 $ 243,800 Operating Expenses
Electricty (Include Irrigation Electricty) (p/ha) ¢ 0.28 ¢ 0.34 ¢ 0.3 Freight Exps (p/cow) $ 12.83 $ 12.83 $ 12.83 Repairs & Maintenance (p/kgMS) ¢ 0.19 ¢ 0.19 ¢ 0.2 Shed Exps (p/kgMS) ¢ 0.08 ¢ 0.07 ¢ 0.07 Staff Costs (p/kgMS) ¢ 1.09 ¢ 1.07 ¢ 1.08 Vehicle Exps (p/kgMS) ¢ 0.12 ¢ 0,12 ¢ 0.12 Total Operating Expenses $ 14.59 $ 14.62 $ 14.61 Other Operating Expenses
Health and Safety (H&S) (50:50 split) ¢ 0.029 ¢ 0.035 ¢ 0.03 $ 7,030 $ 7,030 $ 14,060 Other Operating Expenses (50:50 split) ¢ 0.009 ¢ 0.011 ¢ 0.01 $ 2,154 $ 2,154 $ 4,308 Total Operating Expenses ¢ 0.038 ¢ 0.046 ¢ 0.041 $ 9,184 $ 9,184 $ 18,368 Overhead Expenses
Administration (Farm) (50:50 split) ¢ 0.05 ¢ 0.05 ¢ 0.03 $ 7,061 $ 7,061 $ 14,122 Administration (Overheads) (50:50 split) ¢ 0.29 ¢ 0.29 ¢ 0.3 $ 66,891 $ 66,891 $ 133,782 Rates (50:50 split) ¢ 0.05 ¢ 0.05 ¢ 0.05 $ 11,522 $ 11,522 $ 23,044 Insurance (50:50 split) ¢ 0.06 ¢ 0.06 ¢ 0.09 $ 19,968 $ 19,968 $ 39,935 ACC Levies (50:50 split) ¢ 0.02 ¢ 0.02 ¢ 0.02 $ 5,045 $ 5,045 $ 10,090 Total Overhead Expenses ¢ 0.476 ¢ 0.476 ¢ 0.498 $ 110,487 $ 110,487 $ 220,973 Total Farm Working Expenses (F.W.E)
$ 5.45 $ 5.33 $ 5.39 $ 1,329,696 $ 1,065,144 $ 1,421,388 Dairy Operating (Surplus/Deficit) (EBITDA)
$ 1.58 $ 1.70 $ 3.20 $ 384,881 $ 339,427 $ 1,421,388 EBIT p/HA
$ 2,601 $ 2,293 $ 2,447 Clareview 2022-23 Year End Actuals (un-audited)
Conventional Regenerative Combined Effective Area 148 148 296 Stocking Rate 3.65 3.05 3.35 Cow Numbers 540 451 432 Milk Solids 235,191 192,468 1,445 Milk Solids Per Cow 436 427 8.32 Milk Solids Per Ha 1,589 1,300 0.42 Payout (kg/MS) $8.32 $8.32 $8.32 Stock Sales (p/kgMS) $0.42 $0.42 $0.42 Gross Income (p/KgMS) $8.74 $8.74 $8.74 Total Revenue $2,054,853 $1,681,585 $3,736,438 Conventional
Budget
(p/kgMS/Cow/Ha)Regenerative
Budget
(p/kgMS/Cow/Ha)Combined
Budget
(p/kgMS/Cow/Ha)Conventional
Budget
($$)Regenerative
Budget
($$)Combined
Budget
($$)Animal Expenses
Animal Health (per/cow) $ 93.19 $ 98.95 $ 95.81 $ 50,235 $ 44,627 $ 94,952 Breeding (per/cow) $ 63,84 $ 63.84 $ 63.84 $ 34,476 $ 28,793 $ 63,269 Calf Rearing (per/cow) $ 11.19 $ 11.19 $ 11.19 6,043 5,047 11,090 Other Animal – Allflex (per/cow) $ 38.51 $ 38.51 $ 38.51 $ 20,795 $ 17,368 $ 38,163 Total Animal Expenses $ 207 $ 212 $ 209 $ 111,638 $ 95,836 $ 207,474 Feed Expenses
Feed On Farm / Supplements (per/cow) $ 5400.44 $ 382.61 $ 468.61 $ 291,838 $ 172,558 $ 464,396 Feed On Farm / Oats, Swedes, Maize (per/ha) 0 0 0 0 0 0 Feed Off Farm / Grazing (per/cow) $ 481.3 $ 481.83 $ 481.83 260,186 217,304 477,490 Total Feed Expenses $ 1,022 $ 864 $ 950 $ 552,024 $ 389,862 $ 941,886 Pasture Expenses
Irrigation (Excluding Electricty) (50:50) ¢ 0.09 ¢ 0.11 ¢ 0.1 $ 21,081 $ 21,081 $ 42,162 Fertiliser (per/ha) $ 1,025 $ 510 $ 767.63 $ 151,692 $ 75,527 $ 227,219 Pasture Renewal (Regrassing) (per/ha) $ 69.24 0 $ 34,62 $ 10,248 0 $ 10,248 Regen/Diverse Crop (per/ha) 0 $ 119.22 $ 59.61 0 $ 17,645 $ 17,645 Weed & Pest (50:50) ¢ 0.01 ¢ 0.01 ¢ 0.01 $ 1,706 $ 1,706 $ 3,411 Total Pasture Expenses $ 1,094 $ 630 $ 862 $ 184,727 $ 115,959 $ 300,685 Operating Expenses
Electricty (Include Irrigation Electricty) (per/ha) ¢ 0.23 ¢ 0.29 ¢ 0.26 $ 55,071 $ 55,071 $ 110,142 Freight Exps (per/cow) $ 14.21 $ 14.21 $ 14.21 $ 7,674 $ 6,409 $ 14,083 Repairs & Maintenance (per/kgMS) ¢ 0.19 ¢ 0.19 ¢ 0.25 $ 59,540 $ 48,725 $ 108,265 Shed Exps (per/kgMS) ¢ 0.08 ¢ 0.09 ¢ 0.09 $ 22,235 $ 18,196 $ 40,431 Staff Costs (per/kgMS) ¢ 1.02 ¢ 1.04 ¢ 1.03 $ 239,864 $ 200,331 $ 440,195 Vehicle Exps (per/kgMS) ¢ 0.12 ¢ 0.12 ¢ 0.12 $ 27,900 $ 23,302 $ 51,202 Total Operating Expenses $ 15.85 $ 15.95 $ 15.97 $ 412,284 $ 352,034 $ 764,318 Other Operating Expenses
Health and Safety (H&S) (50:50) ¢ 0.022 ¢ 0.027 ¢ 0.02 $ 5,279 $ 5,279 $ 10,557 Other Operating Expenses (50:50) ¢ 0.010 ¢ 0.013 ¢ 0.01 $ 2,458 $ 2,458 $ 4,916 Total Operating Expenses ¢ 0.033 ¢ 0.040 ¢ 0.036 $ 7,737 $ 7,737 $ 15,473 Overhead Expenses
Administration (Farm) (50:50) ¢ 0.05 ¢ 0.05 ¢ 0.05 $ 11,439 $ 11,439 $ 22,878 Administration (Overheads) (50:50) ¢ 0.29 ¢ 0.29 ¢ 0.29 $ 59,785 $ 59,785 $ 119,569 Rates (50:50) ¢ 0.05 ¢ 0.05 ¢ 0.05 $ 11,420 $ 11,420 $ 22,840 Insurance (50:50) ¢ 0.06 ¢ 0.06 ¢ 0.11 $ 22,863 $ 22,863 $ 45,725 ACC Levies (50:50) ¢ 0.02 ¢ 0.02 ¢ 0.03 $ 5,764 $ 5,764 $ 11,528 Total Overhead Expenses ¢ 0.476 ¢ 0.476 ¢ 0.52 $ 111,270 $ 111,270 $ 222,540 Total Farm Working Expenses (F.W.E)
$ 5.87 $ 5.57 $ 5.73 $ 1,379,680 $ 1,072,696 $ 2,452,376 Dairy Operating (Surplus/Deficit) (EBITDA)
$ 2.87 $ 3.16 $ 3.00 $ 675,173 $ 608,889 $ 1,284,062 EBIT p/HA
$ 4,562 $ 4,114 $ 4,338 Clareview Actuals + Forecast 30 November 2022 (6+6)
Conventional Regenerative Combined Effective Area 148 148 296 Stocking Rate 3.84 3.28 3.56 Cow Numbers 568 486 1,054 Milk Solids 239,025 199,775 438,800 Milk Solids Per Cow 421 411 416 Milk Solids Per Ha 1615 1350 1482 Payout (kg/MS) $9.10 $9.1 $9.1 Stock Sales (p/kgMS) $0.3 $.3 $0.3 Gross Income (p/KgMS) $9.4 $9.4 $9.4 Total Revenue $2,246,630 $1,877,705 $4,124,335 Conventional
Budget
(p/kgMS/Cow/Ha)Regenerative
Budget
(p/kgMS/Cow/Ha)Combined
Budget
(p/kgMS/Cow/Ha)Conventional
Budget
($$)Regenerative
Budget
($$)Combined
Budget
($$)Animal Expenses
Animal Health (per/cow) $ 85.74 $ 88.86 $ 87.18 $ 48,700 $ 43,186 $ 91,886 Breeding (per/cow) $ 7.05 $ 76.05 $ 76.05 $ 43,197 $ 36,961 $ 80,158 Calf Rearing (per/cow) $ 12.4 $ 12.4 $ 12.4 7,042 6,026 13,068 Other Animal – Allflex (per/cow) $ 36.21 $ 36.21 $ 36.21 $ 20,566 $ 17,597 $ 38,163 Total Animal Expenses $ 210 $ 214 $ 212 $ 119,505 $ 103,770 $ 223,275 Feed Expenses
Feed On Farm / Supplements (per/cow) $ 4.5739 $ 356.38 $ 410.82 $ 259,800 $ 173,200 $ 433,000 Feed On Farm / Oats, Swedes, Maize (per/ha) $ 133.82 0 $ 16.91 $ 5,006 0 $ 5,006 Feed Off Farm / Grazing (per/cow) $ 503.49 $ 503.49 $ 503.49 285,980 244,694 530,674 Total Feed Expenses $ 994.7 $ 859.86 $ 931.21 $ 550,786 $ 417,894 $ 968,680 Pasture Expenses
Irrigation (Excluding Electricty) (50:50 split) ¢ 0.07 ¢ 0.08 ¢ 0.07 $ 16,239 $ 16,239 $ 32,477 Fertiliser (per/ha) $ 1,074 $ 510 $ 792.28 $ 158,987 $ 75,527 $ 234,514 Pasture Renewal (Regrassing) (per/ha) $ 63.03 0 $ 31.52 $ 9,329 0 $ 9,329 Regen/Diverse Crop (per/ha) 0 $ 102.12 $ 51.06 0 $ 15,114 $ 15,114 Weed & Pest (50:50 split) ¢ 0.01 ¢ 0.02 ¢ 0.02 $ 3,303 $ 3,303 $ 6,606 Total Pasture Expenses $ 1,137.35 $ 612.54 $ 874.94 $ 187,858 $ 110,183 $ 298,040 Operating Expenses
Electricty (Include Irrigation Electricty) (per/kgMS) ¢ 0.28 ¢ 0.28 ¢ 0,28 $ 66,470 $ 55,555 $ 122,025 Freight Exps (per/cow) $ 12.32 $ 12.32 $ 12.32 $ 6,995 $ 5,986 $ 12,981 Repairs & Maintenance (per/kgMS) ¢ 0.19 ¢ 0.19 ¢ 0.23 $ 54,473 $ 45,527 $ 100,000 Shed Exps (per/kgMS) ¢ 0.08 ¢ 0.09 ¢ 0.09 $ 22,463 $ 18,775 $ 41,238 Staff Costs (per/kgMS) ¢ 1.03 ¢ 1.05 ¢ 1.04 $ 246,136 $ 210,602 $ 456,738 Vehicle Exps (per/kgMS) ¢ 0.11 ¢ 0.11 ¢ 0.11 $ 25,867 $ 22,133 $ 48000 Total Operating Expenses $ 14.00 $ 14.05 $ 14.07 $ 422,405 $ 358,577 $ 780,982 Other Operating Expenses
Health and Safety (H&S) (50:50 split) ¢ 0.025 ¢ 0.029 ¢ 0.03 $ 5,861 $ 5,861 $ 11,722 Other Operating Expenses (50:50 split) ¢ 0.014 ¢ 0.017 ¢ 0.02 $ 3,354 $ 3,354 $ 6,708 Total Operating Expenses ¢ 0.039 ¢ 0.046 ¢ 0.042 $ 9,215 $ 9,215 $ 18,430 Overhead Expenses
Administration (Farm) (50:50 split) ¢ 0.05 ¢ 0.05 ¢ 0.05 $ 11,320 $ 11,320 $ 22,639 Administration (Overheads) (50:50 split) ¢ 0.29 ¢ 0.29 ¢ 0.29 $ 63,285 $ 63,285 $ 126,570 Rates (50:50 split) ¢ 0.05 ¢ 0.05 ¢ 0.06 $ 13,064 $ 13,064 $ 26,128 Insurance (50:50 split) ¢ 0.06 ¢ 0.06 ¢ 0.08 $ 17,898 $ 17,898 $ 35,795 ACC Levies (50:50 split) ¢ 0.02 ¢ 0.02 ¢ 0.03 $ 5,764 $ 5,74 $ 11,528 Total Overhead Expenses ¢ 0.48 ¢ 0.48 ¢ 0.51 $ 111,330 $ 111,339 $ 22,660 Total Farm Working Expenses (F.W.E)
$ 5.86 $ 5.56 $ 5.72 $ 1,401,098 $ 1,110,969 $ 2,512,067 Dairy Operating (Surplus/Deficit) (EBITDA)
$ 3.54 $ 3.84 $ 3.67 $ 845,532 $ 766,736 $ 1,612,268 EBIT p/HA
$ 5,713 $ 5,181 $ 5,447
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