Introduction We are farming in the foothills of Slievenaman close to Carrick On Suir, Co. Tippperary 80 feet above sea level I am married to Sinead and.

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Presentation transcript:

Introduction We are farming in the foothills of Slievenaman close to Carrick On Suir, Co. Tippperary 80 feet above sea level I am married to Sinead and we have 3 children My parents also live on the home farm Started farming in 2000

In 2009 – We were lucky to be selected to be part of the Greenfield Dairy farm Programme. Expanded from 80 cows & a beef enterprise to 280 dairy cows. Rainfall in 2012 was 961mm Borrowed €510k to fund the development. Why? To provide a more sustainable business.

Summary of Development cows + beef enterprise cows + phased out beef, started development plan cows + planning permission, gathered prices, purchased heifers, started development work cows + new milking parlour, new paddock layout cows + system ‘bedding in’ cows + improving efficiencies, improved heifer rearing, financial skills

Leased Farm(2) 28ha (2 miles) Leased farm(1) 12.5ha (1 mile) Owned Out farm(3) 20ha(12 miles) Proposed Underpass Dairy Milking Area(74Ha) Farmyard

Soil Fertility Status P Status K Status Average ph 5.5

Farmyard

Stock Numbers & Stocking Rate Stocking Rate Cow No.0-1yrs (Heifers) 1-2yrs (Heifers)

Grass Production Grew 14 T Dm /Ha in Tonnes DM/ha(91%) utilised in Kgs Concentrate fed/cow

Grass Growth Rates 2012 Insert the graph

Milk Solids Production (kgs Milk solids produced/Ha)

Fertility 6% Not In Calf after 12 weeks of breeding Start date of calving 9 th February 2012 (Start date of calving 3 rd February 2013) 80% calved in 6 weeks % Submission rate(24days)2012 Herd EBI €131

Things we got right √ Making the change Mentors Planning Mindset

Willingness to Change Labour Contractors Procedures Things we got right √

Contingency Prioritise spending Stock Price inflation Loan Structure

Things we got wrong Timing & weather Work organisation Monitoring Expansion Costs Things we got wrong X

Things we got wrong Farm Operational budget Extra jobs / add on’s Finance in place Things we got wrong X

Lessons learned along the way Things take longer Looks ≠ profit Continuous learning & improvement Family help Family support & understanding Know your business & targets

Jan – Complete profit monitor & compare against other Kildalton group members. Jan – Prepare monthly Cash Flow Budget/quick books) Each month – Input my expenditure & receipts. Each quarter – Financial review. Dec – Annual financial review. Cash flow & Financial Management

In Summary Phase 1  Planning Phase 2  Development Phase 3  Settling In (Improving farm performance e.g. soil fertility, heifer rearing, cash flow)