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Regenerative Agriculture and Direct Drilling
Holistic Farming
"Improving Our Lot" - Planned Holistic Grazing, for starters..
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<blockquote data-quote="Kiwi Pete" data-source="post: 7067282" data-attributes="member: 63856"><p>What can I tell you?</p><p>Hard to compare our business with other farms as they spend too much, because they own their stock.</p><p></p><p>By contrast, it appears we mainly work for the landlords, paid them around $750/acre; split 48:52 between interest and principal ("you just can't farm like that with rents the way they are") which is where the bulk of 'the money' went.</p><p></p><p>A weird mix.</p><p>As I said earlier we chose mainly to reduce our borrowings, we reduced them by $37,500 and showed a profit of just over $20,000 - this is mainly to show the bank our progress and give them faith in our forward cashflows and budget.</p><p>They are starting to look at farmers a little more closely given the current economic upheaval hence "getting the pros in" .</p><p></p><p>Effectively my salary was paid off the loan which still keeps me motivated, but it also means Sarah gets a fat tax refund each year to keep household assets getting replaced - things like replacing whiteware come from the tax return.</p><p>Increasing our OE in the business means we can tell the boys "we effectively bought another field from the bank last year", which means we can all see the benefit of our toil and teamwork.</p><p>Otherwise it can get dispiriting, if there is little cash in the kitty (common farming ailment) it's hard to see where it went.</p><p></p><p>A fairly tight little ship we run, insurance and feed costs were about tied, I put my covercrop experiment down as R&D <img class="smilie smilie--emoji" loading="lazy" alt="😀" title="Grinning face :grinning:" src="https://cdn.jsdelivr.net/joypixels/assets/6.5/png/unicode/64/1f600.png" data-shortname=":grinning:" /> because that's how I see it.</p><p>So far this winter instead of housing moos for 8 weeks to date, we've kept them in for 4 days.</p><p>Next year our budget includes destocking completely for 3 months (fall/autumn) and looks much better. Less trade cattle and more grazers.</p><p></p><p>Much more cash dropping out the bottom but much of this will be reinvested on the farm (technograzing system stuff) (spreading compost) (upgrades to cattle pens to suit the techno install).</p><p></p><p>The plan is, apply to the bank to suspend loan repayments for 6 months, which will mean the revenue from stock sales (lambs, our 12 steers and these beef heifers bought 100 days ago) can go directly towards the technograzing installation and resultant opportunity cost while that's happening, and we can catch up on that with a lump payment.</p><p>Hopefully they'll agree to this (I blame Covid-19) and I can set about ordering some fence posts and tees for the pipe, water tank etc.</p></blockquote><p></p>
[QUOTE="Kiwi Pete, post: 7067282, member: 63856"] What can I tell you? Hard to compare our business with other farms as they spend too much, because they own their stock. By contrast, it appears we mainly work for the landlords, paid them around $750/acre; split 48:52 between interest and principal ("you just can't farm like that with rents the way they are") which is where the bulk of 'the money' went. A weird mix. As I said earlier we chose mainly to reduce our borrowings, we reduced them by $37,500 and showed a profit of just over $20,000 - this is mainly to show the bank our progress and give them faith in our forward cashflows and budget. They are starting to look at farmers a little more closely given the current economic upheaval hence "getting the pros in" . Effectively my salary was paid off the loan which still keeps me motivated, but it also means Sarah gets a fat tax refund each year to keep household assets getting replaced - things like replacing whiteware come from the tax return. Increasing our OE in the business means we can tell the boys "we effectively bought another field from the bank last year", which means we can all see the benefit of our toil and teamwork. Otherwise it can get dispiriting, if there is little cash in the kitty (common farming ailment) it's hard to see where it went. A fairly tight little ship we run, insurance and feed costs were about tied, I put my covercrop experiment down as R&D 😀 because that's how I see it. So far this winter instead of housing moos for 8 weeks to date, we've kept them in for 4 days. Next year our budget includes destocking completely for 3 months (fall/autumn) and looks much better. Less trade cattle and more grazers. Much more cash dropping out the bottom but much of this will be reinvested on the farm (technograzing system stuff) (spreading compost) (upgrades to cattle pens to suit the techno install). The plan is, apply to the bank to suspend loan repayments for 6 months, which will mean the revenue from stock sales (lambs, our 12 steers and these beef heifers bought 100 days ago) can go directly towards the technograzing installation and resultant opportunity cost while that's happening, and we can catch up on that with a lump payment. Hopefully they'll agree to this (I blame Covid-19) and I can set about ordering some fence posts and tees for the pipe, water tank etc. [/QUOTE]
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"Improving Our Lot" - Planned Holistic Grazing, for starters..
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