The profitability of hill country development. Part 2: case history results

Abstract

This paper reports on the second part of a survey of hill country sheep farms in the North Island, where sixteen development programmes that have already been undertaken are assessed by means of present worth analysis. It was originally intended to analyse thirty North Island hill country sheep farms to be drawn, with the approval of the owners, from the New Zealand Meat and Wool Boards' Economic Service records. In the event, over half of these farms could not be included as most of them had not completed their development programmes sufficiently, or had incomplete records of essential physical data during development.