Farm Table says:
This paper was prepared by Tim Mackintosh for the 2003 Kellogg/Primary Industry Council Rural Leadership Program. It focused on the potential for the sheep and beef industry in New Zealand to adopt share farming as a model for young farmers to grow equity and landowners to look at alternative structures.
It is estimated that one third of all dairy farms in New Zealand employ a share milker where as it is thought that less than 2% of sheep and beef properties involve share farming to any degree.
Mackintosh speaks to farmers about:
- Reasons for going share farming
- Reasons for employing a share farmer
- What is deemed necessary in order for a share farming agreement to succeed
- Common types of share farming agreements
- Key clauses
An example is worked through of a 600ha property that runs nearly 4,000 sheep and 400 bulls. It works through the income split, expenditure, gross surplus and return on capital between share farmer and land owner.