Houghton Lodge Farm Financial & Physical Performance May 2017 YTD

Published 3 October 17

The table below provides and update on the key production and financial measures at Houghton Lodge Farm that were shared at the on-farm meeting on 10th July 2017.

Next meeting Thursday 5th October 2017 - book your place here...

Production and Feed Performance  
  Actual YTD - May 2017 Budget YTD - May 2017 Difference 2017 Budget Total  
Litres sold 758,430 1,033,128 -274,698 2,658,987  
Milk cheque 213,691 242,591 -28,900 763,694  
Milk price (ppl) 28.18 23.48 4.70 28.72  
Average cows in herd 459 634 -175 614  
Tons of Concentrates 192 189 3 427  
£ Total Feed 35,106 34,943 -163 78,930  
           
Financial PerformancePence Per Litre (ppl)
Milk sales 213,584 242,591 -29,007 763,694 28.72
Total Income 225,540 259,755 -34,215 823,472 30.97
           
Purchased feed 47,524 48,246 722 110,857 4.17
Crop costs 23,768 39,559 15,791 58,994 2.22
Other livestock costs 24,023 25,972 1,949 69,296 2.61
Parlour expenses 1,925 7,872 5,947 17,292 0.65
Labour 62,304 67,435 5,131 161,843 6.09
Power & machinery 35,140 60,310 25,170 145,631 5.48
Property costs 7,667 5,000 -2,667 12,000 0.45
Rent & finance 88,095 67,387 -20,708 160,844 6.05
Overheads 202,465 213,200 10,735 509,713 19.17
Depreciation 19,682 19,682 0 47,236 1.78
           
Profit/Loss -93,847 -94,775 928 32,967 1.24
           
Comparable Farm Profit (CFP is a pre-rent and finance profit but includes bank charges)

192,770

7.25
           
Break even cash milk price (including rent and finance)26.57
Break even milk price inclduing depreciation (including rent and finance)28.34
           
        Total Tenants Capital ROC based on P&L
Return on Capital (assumed figure for cows and machinery or tenants capital)£650,0005%