MyFarm track record

 1990-2007

• From 1990 to 2007 MyFarm traded under the name Agricultural Investments Ltd.  The business had a dual focus; providing agribusiness consultancy services and investment opportunities in dairy. 
• During that time there were 22 farms bought, operated and sold including six dairy conversions.
• The farms represented $66 million of investment and $31 million (46%) of debt.
• Milksolids production increased from 998 kgMS/ha to 1188 kgMS/ha under MyFarm management.
• $20.1 million was invested, which realised $54.7 million for investors.
• The average rate of return (measured as IRR[1]) was 23.7% p.a. with a range from 2.3% to 68.1%.
• During that same period the average rate of return for a NZ dairy farmer was 15.6% p.a.

2007-2010

• The Brand name, and subsequently Company name “MyFarm” was introduced in 2007.
• The investor model employed the same tenets of property quality, fiscal control and quality management, but added low levels of debt as part of the investment model.
• MyFarm has bought and manages 15 NZ farms that were bought between 1 June 2006 and 1 August 2010.  Total capital invested was $160 million with $59 million (37%) of debt.
• Milksolids production has increased so far from 1065 kgMS/ha to 1221 kgMS/ha under MyFarm management.  The target is 1300 kgMS/ha.
• Their average EBITD[2] was 7.8% p.a. for the 2010/11 operational year with a range in performance from 3.4% for a newly purchased property undergoing development to 13.3%.
• Taking an estimate of current farm and asset values, if they were to be liquidated today the investors would earn a total return of 10.2% p.a. with a range from -0.9% to 19.2%.  This compares to an average NZ owner-operator return of 6.1% for the same period.
• All of these farms are being farmed on and the majority still have production and profit potential.