Warakirri Dairies makes loss but cropping profitable

31 Oct, 2017 04:00 AM
Comments
0
 

Warakirri Dairies operating company has made a $1.6 million loss for the 2017 financial year, an improvement on the $3.6 million loss in the previous corresponding period.

Warakirri Dairies leases land from the Warakirri Dairy Land Trust, which owns and operates about 4600 hectares across 11 dairy farms in Victoria and south-eastern South Australia.

The company declined to comment on the result, where revenue fell from $30.8 million to $24.6 million in the 12 months to June.

Australia's dairy industry has gone through two challenging seasons, with cash flow and profitability remaining under pressure and only modest growth in national milk production anticipated by the peak body, Dairy Australia.

Warakirri Dairies, which has been operating since 2006, valued its herd up $2.9 million to $21.6 million.

Elsewhere in the Warakirri stable of agricultural companies, Warakirri Cropping, which operates about 80,000 hectares of broadacre cropping farms in Victoria, NSW, southern Queensland and Western Australia, has turned out a $3 million profit, down from the $7.7 million profit last year.

The company, which leases the properties from the Warakirri Agricultural Farm Trust II, saw revenue slip to $56.8 million down from $58.1 million.

AFR

POST A COMMENT


Screen name *
Email address *
Remember me?
Comment *
 
Reconfiguring their farm into a higher producing pasture-based system has been behind the earthworks and irrigation installation undertaken by Stephen and Jess Knight, Stratford, in Victoria. 
16 Jan 18 Reconfiguring their farm into a higher producing pasture-based system has been behind the earthworks and irrigation...
Sorghum and maize can each play a part in providing home-grown feed on dairy farms but farmers need to carefully prepare and follow a plan to obtain the most value from these crops.16 Oct 17 Sorghum and maize can each play a part in providing home-grown feed on dairy farms but farmers need to carefully...
light grey arrow
Read the building regulations, there has been changes for farm buildings. None of this is
light grey arrow
Attention Consumers: The Gold Coast franchisees selling you milk are also charging GST. WTF you
light grey arrow
Hi, I am wondering if Bega has anything to do with dressings? Kraft miracle whip has gone from
It’s a project that has been on the cards for a while and now it’s gaining some traction.
18 Jan 18 It’s a project that has been on the cards for a while and now it’s gaining some traction.
Dairyfarmers are reminded that chemicals used on farms, including those used to clean and sanitise the plant and milk vats, must be registered with the Australian Pesticides and Veterinary Medicines Authority (APVMA).
20 Sep 17 Dairyfarmers are reminded that chemicals used on farms, including those used to clean and sanitise the plant and...
Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition opportunities.25 Sep 16 Australian farm chemical manufacturer Nufarm has repaired its balance sheet and is now hunting for acquisition...
Monopoly market may confront cropping sector under mega-merger proposal.22 Sep 16 Monopoly market may confront cropping sector under mega-merger proposal.