Field Day 2013 wwwwadecontractorsconz Agenda Introduction welcome Kevin Wade Contracting and communication developments Klinton Wade Goat conversion rationale and economics Kerry Ryan ID: 587477
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Wade Contractors
Field Day 2013
www.wadecontractors.co.nzSlide2
AgendaIntroduction welcome – Kevin WadeContracting and communication developments –
Klinton WadeGoat conversion – rationale and economics – Kerry RyanDairy Goat Cooperative Ltd – Keith ArnoldDairy Goat Tour – Gary WadeHospitalitywww.wadecontractors.co.nzSlide3
The Contracting
OperationFarmer to farmer expertise means better appreciation of client needs.Business built on relationships, integrity and practical application of proven techniques.Focus on collaboration
– working with capable specialists to maximise expertise and achieve cost efficiency.
www.wadecontractors.co.nzSlide4
The Contracting
OperationOwner operator business culture through staff trained and competent in machinery operation.Intimate knowledge of local conditions, soil types, climate and environment.Relationship with suppliers, aligned contractors and experts
to ensure quality and cost control
www.wadecontractors.co.nzSlide5
Communication and accessibilitywww.wadecontractors.co.nzInternet-based client services and communication
Mobile enabled websiteOnline newsletterCompetition - $200 Countdown VoucherSlide6
Goat conversion -- rationale
Business size and separate economic unitMilking facilities and environmental “footprint”DiversificationCapital efficiency & returns
www.wadecontractors.co.nzSlide7
Comparison of EFS and return on capital - Dairy
www.wadecontractors.co.nz
Total Capital Cost - Dairy
$
Land
40
55000
2,200,000
Development
0
2,200,000
Coop Shares
56000
6.75
378,000
Stock*
135
2200
297,000
Total
2,875,000
Capital / ha
71,875
*Includes replacements
Slide8
Comparison of EFS and return on capital - Dairy
www.wadecontractors.co.nz
Kg MS
Cost / kg MS
Ha
Dairy Cows
56000
$4.50
40
Milk Price
$6.25
$6.50
$6.75
$7.00
$7.25
$7.50
Stock Revenue
$0.35
$0.35
$0.35
$0.35
$0.35
$0.35
$6.60$6.85$7.10$7.35$7.60$7.85
EFS / ha
2,940
3,290
3,640
3,990
4,3404,690Return on Capital4.1%4.6%5.1%5.6%6.0%6.5%Slide9
Comparison of EFS and return on capital - Goats
www.wadecontractors.co.nz
Total Capital Cost - Goats
$
Land
40
55,000
2,200,000
Development
1,241,867
3,441,867
Coop Shares
23000
$23
1,449,000
Working Capital Yr 1*
301,000
Stock
320,124
Total
5,511,991
Capital / ha
137,800
*Funding for loss year 1
Slide10
Comparison of EFS and return on capital
www.wadecontractors.co.nz
Kg MS
Costs
Ha
Dairy Goats
63000
$7.50
40
Milk Price
$12.00
$13.00
$14.00
$15.00
$16.00
$17.00
EFS / ha
7,088
8,663
10,238
11,813
13,388
14,963
Return on Capital9.9%12.1%14.2%16.4%18.6%20.8%Slide11
Wade Contractors
Field Day 2013
www.wadecontractors.co.nz