The supply of food to meet human nutritional needs over next 40 years is quantitatively equal to the amount of food previously produced in the history of human kind. D.E. Bauman – US News & World Report NZ = Free range, lowest cost of production, high quality, safe protein, 2% of world formal production Global leading Agtech Cluster for ongoing productivity improvement tech & systems Unsubsidized Wealth Others = Corn based, corn price linked to oil price, high capital, high cost, est 90% of worlds formal production Marginal Business seeking subsidy / protection to sustain high local prices

Profitable NZ Grassland Farming what is it all about? Effective farm surplus per hectare, farming for profits not liters per cow Lowest cost industrial production and highest quality US 22 to 23 cent per liter Payment based on International prices US 42 cents per liter, NZ dollar is very high against US No subsidies: impossible for a small country to subsidize its No1 export industry at over NZ$15billion per year 95% export 40% global trade 2-3% global production Our forecast indicates that annual demand increase for dairy is greater that the total annual production of Australia and NZ combined. Best NZ farmers are achieving NZ$4,000 EFS / hectare

Business Case & Future State Design Legal Construct & Board Documents Design, QA and Commissioning Technology Transfer & Performance Incentive R&D Projects Core Technology Acquisition Whole Farm System Package and Toolkit In Country Technology Distribution In Country Sales and Technical Support Farm Development Farm Operate Know-how and IP owned by Dairy & Beef Solutionz to drive improvements, best practice and technologies across all related party Farming companies through Whole Farm System to achieve Performance Incentive IRR > 15%

Components Breeding Scheme, replacement rearing, Animal health Pastures System, supplementary feed strategy and Management Water System Farm Layout and Infrastructure Milk harvesting and cooling general design Whole Farm System Design Effluent System Animal Management Systems Farm Operating Equipment Information Collection Technology and management Milk Quality Control systems Human Resources Globally competitive Cost of Production

Cadiz – Lorica (Cordoba) Jaime Jaramillo Dairy & Beef Solutionz Latam Johnny Beaurain Tifton 85 Fertilization Rotation for Pasture Quality Animal Management

High Tropics – Rye Grass and Clover Corpoica 300 cow demonstration farm “Obonuco” for the Colombian Purpose to assist the regions smaller producers to reduce their costs of production Hub for extension and training Paul Gibson Rye Grass and Clover Fertilization Rotation for Pasture Quality Animal Genetics

Evidence of Performance Effective Farm Surplus per hectare. EFS!!!!!!! Cash cost per litre Proof a 4500l Kiwi genetic cow is more profitable than a 10,000l American Holstein Proof Kiwi Rye and Clover grasses are more profitable Proof fertilizing and grazing at 3,000kgDM/ha pre-grazing cover and grazed to 1,600kgDM/ha is more profitable than concentrate Migrate to lower cost seasonal production - dry cows for dry season

Tibaitata 800 cow demonstration farm “Tibaitata” for the purpose to assist the Bogota regions producers to reduce their costs of production Hub for extension and training NZ Analogy

Future Strategy for Obonuco & Tibaitata Demonstration Farm Evidence Educating Rural Professionals Monitor Farms – A sample of ‘normal farms’ to plan 1 year, implement 1 year, monitor 1 Year - a 3 year cycle, then a new monitor farm set is selected – Supported by the Rural Professionals + Cluster + NZ Farmers – Governed by the neighbouring lead farmers – Implemented by the Farmer – Potentially a risk sharing underwrite

Dairy Technologies & Services PasturesCattleHardware Systems & Software Human Resources Audit & Improvement The “Hilton” solution of Low Cost, Sustainable Dairy Farming Systems Processing Emerging DSL developed and owned IP and Know How Tropical composites with pasture selected Taurus Procedures, Instructional Videos, Fact Sheets, Recording Forms Pipeline of novel Forages

We can design breeding, finishing and slaughtering systems for consistent year round volumes, cuts and specific market segments 75% Taurus Genetics Meat processing facilities optimised to slaughter 400 animals per day NZ Pasture based and Senepol composite Bull to improve Taurus % in terminal animals +

Products can be specifically targeted to market segments in the Middle East as an example 75% Taurus Genetics > 50% Indicus Genetics Commodity Lines Premium Lines

A Big Opportunity for Colombia Highlights The NZ Government established Landcorp with NZ$167 million most of which was land The NZ Government has never been asked for more capital The NZ Government has been paid over NZ$400 million in dividends Landcorp has grown its assets from NZ$167 million to NZ$1.7 billion in 25 years

Revenue manages the farm… milks the cows and sells the milk to… Landcorp Colombia a milk processor who pays … 50% percent of milk revenue to both the Sharemilker and the Landowner Sharemilker (Colombian farmer family unit)

Practical Example (cont)

Capability Development To implement training mechanisms to develop the workforce for the Cluster establishment Level 1 Units Level 2 Units Level 3 Units Level 4 Units Farm Worker Training Agri-trades Worker Training Farm Supervision and Management Training The highest need is for farm worker training, Level 1-4 should be delivered in Colombia and Level 5 upwards could be delivered in NZ along with work placements