Joint Venture Farming Group

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Joint Venture Farming Group

• BENCHMARKING FACILITATION MEETING
• by
• Jamie Gwatkin

NFU OFFICES, UPPINGHAM Thursday 25th May 2006
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Agenda

• Data Inputting 2.30 5.00

• Benchmarking Report 5.00 6.00

• Future Strategy for JVFG Groups 6.00
  6.30

• Any Other Business 6.30 7.00

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Data Inputting

• Where has each group got to with data inputting?

• Are there any problems with data inputting?

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Consolidated Benchmarking Reports (1)

• To review the benchmarking reports

5
Consolidated Benchmarking Reports (2)

• Top Ten Tips (1)
• Overall Financial Results

• Comments
• Pelham only covering autumn period.
• BFC misc costs include agronomy/secretarial/rent.
• Lockwood Estate includes potatoes.

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Consolidated Benchmarking Reports (3)

• Top Ten Tips (2)
• Labour Utilisation

• Comments
• BFC and Lockwood employ staff and have full time
  managers.
• Pelham and Granta only contract on self employed
  basis.
• Granta allocates maintenance to the operation.

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Consolidated Benchmarking Reports (4)

• Top Ten Tips (3) Machinery Costs

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Consolidated Benchmarking Reports (5)

• Top Ten Tips (4) Work Rates Analysis

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Consolidated Benchmarking Reports (6)

• Top Ten Tips (5) Winter Wheat Crop Cost
  Comparison

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Consolidated Benchmarking Reports (7)

• Top Ten Tips (6) Winter Oilseed Rape Crop Cost
  Comparison

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Consolidated Benchmarking Reports (8)

• Top Ten Tips (7) Winter Beans Crop Cost
  Comparison

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Consolidated Benchmarking Reports (9)

• Top Ten Tips (8) Winter Barley Crop Cost
  Comparison

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Consolidated Benchmarking Reports (10)

• Top Ten Tips (9) Capital Employed

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Consolidated Benchmarking Reports (11)

• Top Ten Tips (10) Hire
  Charges Comparison

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Future Strategy For Joint Venture Farming Groups

• Strategy Issues
• Moving all employed staff into contracting
  business.
• 5 year machinery replacement policy.
• To crop or use fallow.

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Any Other Business

• Other opportunities for benchmarking program.
• JVFG conference in November.
• EMDA Grant Application.