Succeeding in herd-owning sharemilking | Ep. 57

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

Have feedback or ideas for future episodes? Email us at talkingdairy@dairynz.co.nz

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Chapters

• 1:32 Herd-owning sharemilking the same as 50/50?
• 2:17 What Craig likes about HOSM
• 3:16 How HOSM helps Rachel and partner reach their goals
• 5:36 Financial and day-to-day differences between HOSM and other roles
• 8:03 Skills required to succeed
• 10:00 Rachel’s approach to upskilling
• 11:36 Craig outlines the due diligence process
• 13:22 How Rachel did her homework
• 15:32 Getting the bank’s backing
• 16:25 Seeking and acting on good advice
• 18:13 Surrounding yourself with the right people
• 20:03 Reading the contract carefully
• 21:38 Building a successful partnership; common challenges
• 24:32 One piece of advice for the farm owner and the sharemilker