Landcorp - Crown Ownership Monitoring Unit

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INFORMED FARMINGINFORMED MILKING CONTINUEDElectronic identification is integral to MilkHub. Aseach cow steps into a milking bail, its EID eartag isread and the unique identification number on thattag sent to a MilkHub base unit in the nearby dairyoffice. The number is matched with data beinggathered from milk flow and compared with thatcow’s previously-recorded “milk-out signature”.The MilkHub System has wireless connections toeach component in the dairy – milk flow sensors,EID readers, digital display screens, on/off switchesand key pads for manual data inputting. It also hasa broadband connection to Landcorp’s centralisedinformation system.In the dairy shed on Bell Hill, Dairy Farm Assistant Steve Noble puts cow information into the MilkHub system(top). Managers Phil McKenzie and Peter Crouchley discuss data available to them in MilkHub reports after amilking. The report shown here gives trend lines for one cow in the herd on Bell Hill. The red line is the mastitistrend, while blue is the yield trend and green, the weight trend.ReturnsEach MilkHub installation is a significantinvestment but Landcorp expects substantialfinancial payback. Our analysis shows a 33 percent internal rate of return over 10 years ontypical investment at a site that milks 1,000cows through the season. Such high return isbased on increasing the herd’s yield (throughculling poor performers and better targeting offeed), reducing somatic cell count, and overallsavings on feed and drug costs. MilkHub hasthe analytical capabilities to quantify suchgains, for the purposes of investment planningas well as ongoing farm management.MilkHub’s strengths include connectivity withour centralised information system. Off-farmstaff can access data gathered at each milkingand generate statistical reports, all via theinternet. This gives MilkHub another layer ofvalue to Landcorp with the performance ofcows and herds on various properties able tobe analysed and compared. Management ofour dairying operations can be strengthenedat all levels. Landcorp recognises that thevalue of technology can only be secured whenpeople have the knowledge and skills to useit properly. Training is an integral part of ourMilkHub roll-out, which is set to encompassanother five farms during 2010/11.DevelopmentLandcorp has helped Radian Technologydevelop MilkHub through its trial use inselected dairies, and through practical adviceon how to make the system more user-friendlyand more analytical. Managing Director DrRoss Nilson says some component parts of thetechnology can be found overseas, but Radianhas developed highly integrated hardware andsoftware to form a system with unrivalledfunctionality. It provides data at any time,during milking or when the farmer wants tolook closely at productivity and profitability.“It’s great to work with Landcorp as a farmingenterprise that focuses on how it can be moreprofitable as well as on the operational detailsof milk production and herd management,”says Dr Ross Nilson. Landcorp will help Radianto develop MilkHub so that it can gatherand analyse more information with an evenbroader range of uses.28
MilkHub’s strengths include connectivitywith our centralised information system.Off-farm staff can access data gatheredat each milking and generate statisticalreports, all via the internet.Once milked, cows leave the dairythrough a drafting race. EID readersidentify each animal and the MilkHubsystem can be programmed toautomatically draft out cows thatwarrant attention because of theirmilk attributes or for other herdmanagement reasons.29
Page 1 and 2: LandcorpANNUAL REPORT 2010LANDCORP
Page 3 and 4: LANDCORP FARMING STRIVES TO BETHE W
Page 5 and 6: KEY FINANCIAL DATADollars in millio
Page 7 and 8: The 450-hectare Blairs development
Page 9 and 10: We are poised to go furtherand fast
Page 11 and 12: LANDCORP FARMING LIMITED AND SUBSID
Page 13 and 14: LANDCORP FARMING LIMITED AND SUBSID
Page 15 and 16: lambs above specified meat yields i
Page 17 and 18: LANDCORP ACHIEVERS 2009/2010LANDCOR
Page 19 and 20: The Balanced Scorecard2009/10The Ba
Page 21 and 22: OBJECTIVE MEASURE 2009/10 2009/10 2
Page 23 and 24: OBJECTIVE MEASURE 2009/10 2009/10 2
Page 25 and 26: INFORMED FARMINGLandcorp Farming ma
Page 27 and 28: Each hind on Raft Creek Farm, nearH
Page 29: Sensors on milk lines from each bai
Page 33 and 34: AgResearch scientist John McEwanpla
Page 35 and 36: Our initiative includes sharing new
Page 37 and 38: Information sharing. Mararoa Farm M
Page 39 and 40: Tim and Senior Shepherd Kate Gallan
Page 41 and 42: Hon. Jim SuttonChairmanCNZM.Mr Sutt
Page 43 and 44: Subsidiary Boards,Committees andMan
Page 45 and 46: TOTAL SHAREHOLDERS’ RETURN ON AVE
Page 47 and 48: FINANCIAL STATEMENTSAND DISCLOSURE
Page 49 and 50: Statement of Comprehensive IncomeFO
Page 51 and 52: Group Group Parent ParentNote 2010
Page 57 and 58: Note 3 - Summary of Significant Acc
Page 63 and 64: Note 4 - Significant Accounting Jud
Page 65 and 66: Note 5 - Operational Management (co
Page 67 and 68: Note 5 - Operational Management (co
Page 69 and 70: Note 10 - Other Produce RevenueGrou
Page 71 and 72: Note 14 - Farm Working ExpensesGrou
Page 73 and 74: Note 20 - Effect of DroughtDuring 2
Page 75 and 76: Note 24 - LivestockA - NATURE OF AC
Page 77 and 78: Note 25 - ForestsA - NATURE OF ACTI
Page 79 and 80: Note 26 - Other Financial Assets an
Page 81 and 82:
Note 27 - Intangible AssetsGroup Gr
Page 83 and 84:
Note 28 - Property, Plant & Equipme
Page 85 and 86:
Note 29 - Accounts PayableGroup Gro
Page 87 and 88:
Note 32 - DividendsParent Parent Pa
Page 89 and 90:
Note 34 - Income Tax (continued)C -
Page 91 and 92:
Note 35 - Reconciliation of Profit
Page 93 and 94:
Note 36 - Risk Management (continue
Page 95 and 96:
Note 36 - Risk Management (continue
Page 97 and 98:
Note 38 - Contingent Assets and Lia
Page 99 and 100:
Disclosures in Terms of the Compani
Page 101 and 102:
Share dealings (Section 148)No dire
Page 103:
QUICK FACTS 2009/10Livestock number
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Landcorp - Crown Ownership Monitoring Unit

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