Talking Dairy

Succeeding in herd-owning sharemilking | Ep. 57

July 19, 2023 DairyNZ
Succeeding in herd-owning sharemilking | Ep. 57
Talking Dairy
More Info
Talking Dairy
Succeeding in herd-owning sharemilking | Ep. 57
Jul 19, 2023
DairyNZ

Is herd-owning sharemilking in your sights? Already in a HOSM partnership? In this episode, pick up some fresh ideas for both farm owner and sharemilker on how to succeed in this popular business structure. Our guests are Waikato sharemilker Rachel Bunnik and Dairy Farms NZ CEO Craig McBeth, who discuss what they like about the agreement, how the financials work, common challenges, keeping the relationship sweet, doing your due diligence, and much more.

Show notes

Sharemilking and contract milking arrangements - DairyNZ

Budgeting tools - DairyNZ

Buy Contracts (fedfarm.org.nz)

Business by the Numbers - Dairy Training

Progression Management - Dairy Training

Show Notes Chapter Markers

Is herd-owning sharemilking in your sights? Already in a HOSM partnership? In this episode, pick up some fresh ideas for both farm owner and sharemilker on how to succeed in this popular business structure. Our guests are Waikato sharemilker Rachel Bunnik and Dairy Farms NZ CEO Craig McBeth, who discuss what they like about the agreement, how the financials work, common challenges, keeping the relationship sweet, doing your due diligence, and much more.

Show notes

Sharemilking and contract milking arrangements - DairyNZ

Budgeting tools - DairyNZ

Buy Contracts (fedfarm.org.nz)

Business by the Numbers - Dairy Training

Progression Management - Dairy Training

Herd-owning sharemilking the same as 50/50?
What Craig likes about HOSM
How HOSM helps Rachel and partner reach their goals
Financial and day-to-day differences between HOSM and other roles
Skills required to succeed
Rachel’s approach to upskilling
Craig outlines the due diligence process
How Rachel did her homework
Getting the bank’s backing
Seeking and acting on good advice
Surrounding yourself with the right people
Reading the contract carefully
Building a successful partnership; common challenges
One piece of advice for the farm owner and the sharemilker