Information is king and it’s turning grass and forages into dollars on Barnhill, an undeveloped hill block in Southland. Gerard Hall reports.
The costs and benefits of growing feed on a northern Southland farm have come under close scrutiny.
The decision to invest in pasture cages, monthly cuts and charting the results was an easy one for Guy and Vicki Goodeve who manage Barnhill, a 1019ha undeveloped hill block near Lumsden in Southland.
A simple system, executed exceptionally well with a heavy emphasis on feeding has paid off in more ways than one for two farmers in an equity partnership-owned sheep and beef farm at Alfredton, near Eketahuna.
Over four years Jim Varty and his son Brendan have averaged a return on capital of 5.9% on Wai-iti, more than three times the national average for all sheep and beef farms.
They have paid off $330,000 in principal and bought $63,000 of ewes in the past two years alone.