Mokairau a great diversity advert

Hill Country Farmer of the Year winners Peter and Christine Reeves showcase their Whangara property

Hill Country Farmer of the Year winners Peter and Christine Reeves showcase their Whangara property

Worthy winners: Peter and Christine Reeves and their family were worthy winners of the Federated Farmers Hill Country Farmer of the Year competition. Their financial results over three years were deemed outstanding. The winners and their trophies were pictured with the sponsors at last Tuesday’s field day. (From left) Sue Quilter (Ravensdown), Debbie Barwick (Graham and Dobson), Wayne File (AFFCO), Peter and Christine Reeves, Mark Harris (Beef + Lamb NZ), MC Stephen Thomson from AgFirst, Federated Farmers provincial president Sandra Faulker and Adrian Brown (Rabobank). Picture by Peter Andrew
Mokairau on show: The field day at Mokairau was well attended and a long stream of guads trundled over the hills of the Hill Country Farm of the Year.
At the field day Peter Reeves spelt out the features of stocking, stock policy and management of the Mokairau operation. Picture by Rebecca Williams
Winners of the Federated Farmers' Hill Country Farmer of the Year competition Peter and Christine Reeves opened the gates of their Whangara property this week for a field day.
Mokairau - Hill country farm of the year field day.

MOKAIRAU Farm Ltd, based at Whangara, was showcased in fine style this week as the Reeves family proudly opened their gates for the field day associated with their win in the Hill Country Farmer of the Year competition.

The Gisborne-Wairoa Federated Farmers competition was also supported by Rabobank, AgFirst, AFFCO, Graham and Dobson, Ravensdown and Beef + Lamb NZ.

More than 180 farmers, farm service providers and others attended the highly successful event on Tuesday.

Chief judge Adrian Brown said Peter and Christine Reeves and their family base the financials of their operation on “needs not wants”.

Peter Andrew from AgFirst has put together this overview of the family’s financials . . .

To win the Farmer of the Year, Mokairau produced an impressive economic farm surplus average over the three years of $479 per hectare.

This high surplus has enabled the recent business growth and property purchase. The Reeves purchased nearby Mangaone Station in February.

So, how has this been achieved?

The Reeves family use scale and a high cattle ratio as well as a combined family work ethic to drive this low cost business model.

Deer and beef make up 65 percent of the 21,000 stock units with these stock units being traditionally low in cost compared to sheep.

The highest stock returns over the three years came from dairy grazing income at $115 per cattle stock unit.

The cattle returns were next highest at $101 per cattle stock unit, which was 18 percent above the district average. Those returns were strongly driven by the Mokairau Hereford Stud.

Mokairau Farms is now a big property at 2288 effective hectares which enables the fixed costs to now be spread over a significant area.

The end result is that over the three years, the farm expenditure only makes up 44 percent of the Gross Income.

The operational structure has also contributed to the financial success.

The group capitalise on the scale but still have the owner/operator motivation on each block to drive production and the cost savings.

The Mokairau surplus provides a 4.1 percent return on capital.

This is an impressive figure as the capital calculation is based on the current high land and stock prices.

Mokairau is also a great advertisement for the value of diversification.

The main income sources include beef, lamb, wool, deer, dairy, milking sheep and beef genetics.

MOKAIRAU Farm Ltd, based at Whangara, was showcased in fine style this week as the Reeves family proudly opened their gates for the field day associated with their win in the Hill Country Farmer of the Year competition.

The Gisborne-Wairoa Federated Farmers competition was also supported by Rabobank, AgFirst, AFFCO, Graham and Dobson, Ravensdown and Beef + Lamb NZ.

More than 180 farmers, farm service providers and others attended the highly successful event on Tuesday.

Chief judge Adrian Brown said Peter and Christine Reeves and their family base the financials of their operation on “needs not wants”.

Peter Andrew from AgFirst has put together this overview of the family’s financials . . .

To win the Farmer of the Year, Mokairau produced an impressive economic farm surplus average over the three years of $479 per hectare.

This high surplus has enabled the recent business growth and property purchase. The Reeves purchased nearby Mangaone Station in February.

So, how has this been achieved?

The Reeves family use scale and a high cattle ratio as well as a combined family work ethic to drive this low cost business model.

Deer and beef make up 65 percent of the 21,000 stock units with these stock units being traditionally low in cost compared to sheep.

The highest stock returns over the three years came from dairy grazing income at $115 per cattle stock unit.

The cattle returns were next highest at $101 per cattle stock unit, which was 18 percent above the district average. Those returns were strongly driven by the Mokairau Hereford Stud.

Mokairau Farms is now a big property at 2288 effective hectares which enables the fixed costs to now be spread over a significant area.

The end result is that over the three years, the farm expenditure only makes up 44 percent of the Gross Income.

The operational structure has also contributed to the financial success.

The group capitalise on the scale but still have the owner/operator motivation on each block to drive production and the cost savings.

The Mokairau surplus provides a 4.1 percent return on capital.

This is an impressive figure as the capital calculation is based on the current high land and stock prices.

Mokairau is also a great advertisement for the value of diversification.

The main income sources include beef, lamb, wool, deer, dairy, milking sheep and beef genetics.

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