Why renew, A dairy farm example
Renewing under-performing or weedy paddocks with high quality cultivars can give significant financial gains. In this example it has an internal rate of return of 188%, one few other investments can match!
Typical costs of renewal
Typical benefit of renewal over 4 years
The benefit of renewal is in the table below, based on these assumptions:
- 3 t DM/ha DM yield per year increase from new pasture
- +0.6 MJ/kg DM higher ME (science says 0.6 - 0.9 ME increases are typical)
- 5% greater utilisation from better ME & palatability (assumed +5%).
