Farming practice - farm budget
   

The Cholderton Estate is run as a commercial undertaking; it has to make money in order to remain viable. But much has changed since the Estate was created as a vision of modern farming in the 19th century: in today’s economic climate it is very hard for farmers – especially those with mixed regimes – to survive, never mind make a living. And in many ways the Cholderton Estate is not a ‘typical’ 21st-century agricultural concern: it is still a mixed regime at a time when the trend is to specialise and move towards greater ‘efficiencies’ of scale and input; concerns for the natural environment and for wildlife are paramount; and there are numerous ways in which the Estate seeks to diversify its undertakings, from the light industrial unit and grazing rentals to the water works and woodland burials.

The ‘Sales’ and ‘Cost of Sales’ for 2001 and 2002 are given below. This gives an overview of the farming part of the Estate budget. The figures provide a snapshot of farm finances in the transition to an organic regime. Note how in 2002 the costs of fertilisers and sprays drop to zero and vet fees fall.

To give an indication of how much the various rentals (such as renting out buildings) contribute to the overall Estate budget in 2002, these made up some 40% of total profits. Such inputs are not included in the farming figures below.

SALES 2002 2001
cattle 9%

8%

sheep 6% 7%
horses 5.5% 3.5%
milk 39% 47%
oats & barley 6% 6%
hay & Straw 0% 0.50%
set aside, etc 9% 15%
countryside stewardship 25% 6%
organic farm grant 0.5% 0%
other 0% 7%
     
TOTAL 100% 100%
COST OF SALES 2002 2001
opening valuation 14%

12%

livestock purchase 3% 0%
seeds 1.50% 0.75%
feeds 5.5% 5%
fertiliser & spray 0% 5.75%
wages & NI 34% 32%
haulage 0.25% 0.25%
machine & vehicle expenses 15.5% 17.50%
machine & vehicle depreciation 11% 11.50%
machine & vehicle hire 1.50% 0.50%
vet & AI 2% 2.50%
sundries 10% 10.50%
power & light 1.75% 1.75%
     
TOTAL 100% 100%