ECONOMIC EVALUATION OF MATUA PRAIRIE GRASS AS A PASTURE SPECIES ON CANTERBURY SHEEP FARMS Views expressed i n Agribusiness & Economics Research U n i t Uiscussion Papers are those o f t h e author and do n o t n e c e s s a r i l y r e f l e c t t h e views o f t h e D i r e c t o r , o t h e r members o f s t a f f , o r members o f the Management o r Review Committees Glen Greer and J. E. Chamberlain Discussion Paper No. 112 September 1987 A g r i c u l t u r a l Economics Research U n i t L i n c o l n C o l l ege Canterbury New Zeal and ISSN 0110-7720 The Agribusiness and Economics Research Unit (AERU) operates from Lincoln College providing research expertise for a wide range of organisations concerned with production, processing, distribution, finance and marketing. The AERU operates as a semi-commercial research agency. Research contracts are carried out for clients on a commercial basis and University research is supported by the AERU through sponsorship of postgraduate research programmes. Research clients include Government Departments, both within New Zealand and from other countries, international agencies. New Zealand companies and organisations, individuals and farmers. Research results are presented through private client reports, where this is required, and through the publication system operated by the AERU. Two publication series are supported: Research Reports and Discussion Papers. The AERU operates as a research co-ord~natrngbody for the Agrrcuitural Economlcs and Marketing Department and the Department of Farm and Property Management, Accountlng and Valuatloil Thrs means that a total staff of approximately 50 professional people IS potentially available to work on research projects A wlde dlverslty of expertrse IS therefore available for rhe AERU The major research areas supported by the AERU include trade policy, marketing (both institutional and consumer), accounting, finance, management, agricultural economics and rural sociology. In addition to the research activities, the AERU supports conferences and seminars on topical issues and AERU staff are involved in a wide range of professional and College related extension activities. Founded as the Agricultural Economics Research Unit in 1962 from an annual grant provided by the Department of Scientific and Industrial Research (DSIR), the AERU has grown to become an independent, major sourceof business and economic research expertise. DSIR funding was discontinued in 1986 and from April 1987, in recognition of the development of a wider research activity in the agribusiness sector, the name of the organisation was changed to the Agribusiness and Economics Research Unit. General policy direction is provided by an AERU Review Committee which meets annually. An AERU Management Committee comprised of the Principal, the Professors of the two associated departments, and the AERU Director and Assistant Director administers the general Unit policy. AERU REVIEW COMMITTEE Professor B J Ross, M.Agr.Sc. (Pr~ncipal,Llncoln College) Professor R H Juchau, E3.Com., @.Ed.,M.A. (Professor of Accountlng and Flnance, Llncoln College) Professor A C Rayner, f33.Com. (Hons), k4.Boe.S~. (Professor of Agricultural Economrcs, Llncoln College) P G BushneQB,B.Agr.Sc., M.Agr.Sc., Pk.B. (Dlrector, Economlcs Division, Mrnlstry of Agriculture and Flsherles) B B Chamberlain (Pres~dent, Federated Farmers of New Zealand) R B J Clarke, M.Sc., 9h.D. (Chref Director, Departmenr of Scrent~flcand Industrial Research) E J Neilson, C.B.E., B.A., B.Corn., F.C.A., F.C.B.S. (Lincoln College Councrl) P J Rankin, U.A., M.P.W. (Dlrector, New Zealand Planning Counc~l) P Shificliffe, B.Com., A.C.A. (Nomrnee of Revlew Commrttee) J G Pryde, O.B.E., M.A.,F.M.Z.I.M. (Dlrector, Agrrbus~nessand Economrcs Research Unlt) (ex offlclo) R b Sheppard, B.Agr.Sc. (Hons), B.B.S. (Assistant Dlrector, Agr~buslnessa n d Economlcs Research Unlt) (ex offlcro) AERU MANAGEMENT COMMITTEE 1987 Professor A C Bywater, B.Sc., Ph.D. (Professor of Farm Management) Professor R # Juchau, .B.Com., B.Ed., M.A. (Professor of Accounting and Finance) Professor A C Wayner, i?I.Com. (Hons), M.8oc.S~. (Professor of Agricultural Economics) Professor A C Zwart, B.Agr.Sc., M.Sc., Ph.B. (Professor of Marketing) J G Bryde, O.B.E., M.A., F.M.Z.B.M. (Director, AERU) R b Slneppard, B.Agr.Sc. (Wows), B.B.S. (Assistant Director, AERU) AERU STAFF 1987 Director J G Pryde, O.B.E., M.A., F.N.Z.I.M. Assistant Director R L Sheppard, 6.Agr.S~.(Hons), B.B.S. Visiting Research Fellows G R Griffith, B.Ag.Ec., M.Ec., Ph.D. Professor L T Wallace, Ph.D. Senior Research Economist S K Martin, B.Econ., M.A. (Hons), Ph.D., Dip. Tchg Research Economists G Greer, 6.Agr.S~.(Hons) R G Moffitt, B.Hort.Sc.. N.D.H. Research Sociologist J R Fairweather, B.Agr.Sc., B.A., M.A., Ph.D. Assistant Research Economists J E Chamberlain, 6.Agr.S~. T P Grundy, B.Sc. (Hons), M.Com. J C Robertson, B.Com.Ag., IL4.Com. Secretary R Searle CONTENTS Page L i s t o f Tables (iii) L i s t o f Figures (v) Acknowledgements (vii) Preface (ix) Summary (xi) Section 1 Introduction Section 2 The Advantages and Disadvantages o f Matua P r a i r i e Grass 2.1 2.2 Section 3 Section 4 1 Advantages Disadvantages Pasture Management 3.1 3.1.1 3.1.2 3.1.3 3.1.4. The Management o f Winter Management Spring Management Summer Management Autumn Management t h e Matua Sward o f Matua o f Matua o f Matua o f Matua 3.2 Management o f t h e Complementary Kyegrass/Matua System Grazing T r i a1 s Conducted by Grass1ands D i v i s i o n , DSIR 4.1 4.2 4.2.1 Grazing T r i a l Design and Conduct Economic Analysi s o f Data from Grazi ng T r i a1 s Comparison of Animal production achieved from d r y l a n d Nui f a r m l e t and f rorn d r y l and Nui /Matua farm1 e t 4.2.2 Net value o f animal production I r r i g a t e d Nui /Matua farm1 e t s 4.2.3 Feed budgeti ng approach t o eval u a t i o n o f Matua as a perennial greenfeed i n d r y l and Canterbury condi t i o n s . Section 5 O i scussi on Section 6 Suggestions f o r Future Research L i s t o f References Appendix 1 Sheep Gross Margins Appendix 2 Pasture Establishment and Maintenance Cost Appendix 3 Production Data from D S I R T r i a l s Appendix 4 Feed Budgets Appendix 5 MAF Grazing Demonstration I .\ from L I S T OF TABLES Table No. 1 C r i t i c a l Management Factors f o r Matua 2 Stocking Rates on Nui/Matua and Nui/Tama Experimental Farms 3 Gross Margin Summary o f Dryland T r i a l s 4 Animal Production Oata from Oryl and Grazi ng T r i a1 s 5 Gross Margin Summary o f I r r i g a t e d Nui /bIatua T r i a1 s 6 A v a i l a b i l i t y of Dry M a t t e r f o r Grazing on a 100 Hectare Nui /Matua Farm 7 A v a i l a b i l i t y of Dry M a t t e r f o r Grazing on a 100 Hectare Nui/Tama/Turnips farm. 8 Gross Margin Summary o f Dryland Greenfeed Feed A1 t e r n a t i ves Page L I S T OF FIGURES Figure No. Page 1 Summary o f Grazing P a t t e r n o f Matua 19 2 Dry Matter Production o f Nui and Matua Under Canterbury Dry1and Conditions 20 Dry Matter A v a i l a b i l i t y and Requirement on a 100 ha Nui/Matua Dryland farm c a r r y i n g 120 Ewes Dry Matter Avai 1abi 1 it y and Requi rement on a 100ha Nui/Tama/Turnips Dryland Farm Carrying 785 Ewes. 21 ACKNOWLEDGEMENTS The authors would l i k e t o thank M r Tom Fraser o f Grasslands t r i a l s and M r D i v i s i o n f o r t h e p r o v i s i o n o f data from t h e D.S.I.R. John Greer o f M i n i s t r y o f A g r i c u l t u r e and F i s h e r i e s , L i n c o l n f o r i n f o r m a t i o n on t h e MAF demonstration f a r m l e t . Local farmers, Messrs Alec Dunlop and Ross Pearce provided p r a c t i c a l background i n f o r m a t i o n on t h e management o f Matua from t h e farmers ' perspective. Funding f o r t h e study was provided by Grassland D i v i s i o n , Department o f S c i e n t i f i c and I n d u s t r i a l Research. PREFACE T h i s Ui scussion Paper provides an example o f an economic e v a l u a t i o n o f a1 t e r n a t i v e farm production and mangement systems. The work has been based on s c i e n t i f i c tri a1 s, combined w i t h some on-farm experience, producing an a n a l y s i s which high1 i g h t s t h e b e n e f i t s t o be achieved from the use o f a pasture system i n c o r p o r a t i n g Matua P r a i r i e Grass. The use o f the r e s u l t s o f t h i s work i n the management by farmers of t h e i r p r o p e r t i e s has the p o t e n t i a l t o l e a d t o s i g n i f i c a n t increases in farm p r o f it a b i 1it y . T h i s type of a n a l y s i s i s recommended f o r a l l new management and production systems. Co-operation between s c i e n t i s t s , advisors and economic analysts w i l l l e a d t o more p o t e n t i a l t o c o n t r i b u t e t o f u r t h e r useful t r i a l s being conducted. As reported i n t h i s p u b l i c a t i o n , the t r i a l s c a r r i e d o u t 'had some d e f i c i e n c i e s from an economic analysi s and management p o i n t o f view. Both these aspects a r e e s s e n t i a l features f o r farmers i f any new technology i s t o be r e a d i l y accepted. It i s t h e r e f o r e s t r o n g l y recommended t h a t there be a wider i n p u t t o the design and conduct o f experimental tri a1 s w i t h management and economic data requirements being incorporated i n t o the s c i e n t i f i c a c t i v i t y . This p u b l i c a t i o n demonstrates the p o t e n t i a l o f t h e new pasture technology - Matua P r a i r i e Grass. I t a1 so demonstrates t h e need f o r co-operati on and consul t a t i o n between the various d i s c i p l ines i n v o l v e d i n t h e development and i n t r o d u c t i o n o f new technology - s c i e n t i s t s , management, economic and marketing analysts. J.G. Pryde D irector SUMMARY Matua p r a i r i e grass c o u l d p l a y a s i g n i f i c a n t r o l e on Canterbury p a s t o r a l farms as a perennial greenfeed. I t should n o t be seen as a s u b s t i t u t e f o r ryegrass/white c l o v e r pastures o r f o r lucerne stands b u t r a t h e r as a complement t o both. I n i t s r o l e as a perennial greeenfeed crop, however, i t competes d i r e c t l y w i t h annual forage crops, cereal greenfeeds and s p e c i a l i s t ryegrass greenfeeds. A1 though Matua has good w i n t e r growth potential its s u s c e p t i b i l it y t o tramp1 i n g and b r u i s i n g a t t h i s time means t h a t i t should n o t be grazed d u r i n g w i n t e r . I t s r o l e i n t h e p r o v i s i o n o f w i n t e r feed 1 i e s i n t h e f a c t t h a t by u s i n g Matua i n autumn d u r i n g f l u s h i n g and mating, i t i s p o s s i b l e t o s p e l l ryegrass pastures, a1 l o w i n g them t o accumulate d r y m a t t e r f o r w i n t e r consumption. Dry m a t t e r produced by Matua swards i n w i n t e r may be consumed i n e a r l y s p r i n g d u r i n g lambing, w h i l e l a t e s p r i n g production can be c a r r i e d forward i n t o t h e summer. The r a p i d response t o autumn r a i n achieved by Matua makes i t a more re1 i a b l e source o f feed d u r i n g f l u s h i n g and mating than t h e ryegrass/whi t e c l over system. Matua w i l l n o t replace l u c e r n e as a drought r e s i s t a n t p l a n t i n Canterbury c o n d i t i o n s , b u t w i 11 respond t o any appl i c a t i o n o f moi s t u r e b e t t e r than ryegrasses. Because Matua rnust be s p e l l e d between g r a z i ngs u n t i l t h e p l a n t has regrown t o a t l e a s t 15 centimetres high, and should n o t be grazed d u r i ng w i n t e r it must be grown in c o n j u n c t i o n w i t h ryegrass-based pastures which c o n t r i b u t e f l e x i b i 1 it y t o t h e g r a z i n g system. T r i a l s have been s u c c e s s f u l l y conducted i n which 50 p e r c e n t o f t h e farm area i s sown i n Matua b u t l o c a l farm advisors b e l i e v e t h a t 30 p e r c e n t i s a more s u i t a b l e p r o p o r t i o n . A t t h a t l e v e l t h e g r a z i n g system i s s u f f i c i e n t l y f l e x i b l e t o cope w i t h Canterbury drought c o n d i t i o n s and t h e r e i s s u f f i c i e n t Matua t o p r o v i d e useful q u a n t i t i e s o f h i g h q u a l i t y greenfeed a t c r i t i c a l p e r i o d s o f t h e year. On f e r t i l e s o i l s a farming system w i t h up t o 50 p e r c e n t Matua-based pastures has been shown t o be more p r o f i t a b l e than a system based on ryegrass pastures only. There i s a l s o some evidence which suggests t h a t a system i n c o r p o r a t i n g Matua i s economically s u p e r i o r on l e s s f e r t i l e s o i l s b u t t h i s has y e t t o be proved. (xi 1. I n t r o d u c t i on 'Grass1 ands Matua' p r a i r i e grass was placed on t h e 1is t o f Acceptable Herbage C u l t i v a r s i n 1975. I t was bred p r i m a r i l y t o p r o v i d e g r e a t e r cool season p r o d u c t i o n than o t h e r w i d e l y used perennial grasses. Other breeding o b j e c t i v e s i n c l u d e d g r e a t e r year round production, r a p i d ti 11e r i ng p e r s i stance and disease r e s i stance. H i s t o r i c a l l y , t h e r o l e o f Matua has been i n d a i r y pastures, b u t research has shown t h a t i t has p o t e n t i a l f o r i n c r e a s i n g t h e t o t a l dry m a t t e r production on Canterbury sheep farms. However, h i g h production l e v e l s w i l l o n l y be achieved i f c r i t i c a l management p r a c t i c e s are observed. I n t h e second s e c t i o n o f t h i s r e p o r t , t h e advantages and disadvantages o f Matua are discussed and i t s r o l e out1 ined. Ideal management p r a c t i c e s f o r Matua per se a r e described i n Section 3.1 and t h e management o f complementary Matua and ryegrass swards i s o u t l i n e d i n Section 3.2. Grazing t r i a l s conducted by Grasslands D i v i s i o n , D S I R described i n S e c t i o n 4 and t h e economic values imputed from them detai led. are are I n S e c t i o n 5, a feed budgeting approach t o e v a l u a t i o n o f Matua as a greenfeed i s described and t h e i m p l i c a t i o n s o f t h e comparisons d i scussed. 2. The Advantage and Disadvantages o f Matua P r a i r i e Grass 2.1 Advantages On Canterbury Sheep farms Matua p r a i r i e grass may be used as a complement t o ryegrass and as a s u b s t i t u t e f o r t r a d i t i o n a l annual greenfeed crops. I n these circumstances t h e r e a r e a number of advantages and disadvantages associated w i t h t h e i n c l u s i o n o f Matua i n t h e farming system. a) On sheep farms, Matua may be used t o p r o v i d e h i g h qua1 i t y and q u a n t i t y feed b e f o r e lambing and p r o v i d i n g t h e r e i s s u f f i c i e n t inoi s t u r e i n autumn, over t h e mating period. During w i n t e r (May u n t i l August) Matua grows a t l e a s t 50% more d r y m a t t e r than r y e g rass pastures under dry1 and condi ti ons (MAF 1986). T h i s drymatter i s used as pre-lamb feed, as w i l l be discussed i n S e c t i o n 3. b) Un1 i k e ryegrass, Matua rernai ns palatable i n the reproductive state. Young stock w i l l consume, and achieve l i v e w e i g h t g a i n s on, Matua a t t h e seed head stage w h i l e even a d u l t ewes w i l l n o t r e a d i l y e a t ryegrass a t t h e same stage. I t t h e r e f o r e p r o v i d e s valuable feed f o r young stock d u r i n g summer. c ) Matua does n o t c o n t a i n t h e endophyte which causes ryegrass staggers i n sheep, and i s a l s o r e s i s t a n t t o t h e Argentine Stem endophyte p r o v i d e s protection. Weevi 1 agai n s t which t h e Ryegrass staggers i s r e s p o n s i b l e f o r reduced l e v e l s o f stock production, increased t i m e t o reach predetermi ned leve1 s of production stock. and, i n extreme cases, higher death r a t e s amongst Although i t i s now p o s s i b l e t o sow low-endophyte ryegrasses these do n o t have good p e r s i stance i n d r y l a n d s i tuations. The i n c l u s i o n of Matua paddocks on t h e farm a l l o w s the farmer t o continue w i t h more p e r s i s t a n t h i g h endophyte ryegrass pastures on t h e r e s t o f t h e p r o p e r t y because stock can be s h i f t e d onto t h e Matua when staggers appears. More r a p i d growth response t o moisture i n t h e autumn i s d) achieved by Matua than by perennial ryegrasses under d r y l a n d c o n d i t i o n s . However, i n t h e absence o f autumn r a i n t h e r e is no s i g n i f i c a n t advantage over a ryegrass sward. Matua a l s o responds we1 l t o i r r i g a t i o n . e) Matua i s very responsive t o n i t r o g e n and b e n e f i t s rnarkedly f rorn s t r a t e g i c autumn and s p r i ng appl ic a t i ons of N i trogen f e r t i l iser. 2.2 U i sadvantages a D r i l l i n g of Matua i s d i f f i c u l t because o f t h e shape o f i t s seed and t h e l e n g t h o f i t s awn. A1 though c l i p p i n g o f t h e seed does a l low s a t i s f a c t o r y d r i 11i n g , broadcasting i s the sowi ng method usual l y recommended. b Matua pastures do n o t e s t a b l i s h as q u i c k l y , o r produce as much as ryegrasses d u r i n g t h e f i r s t season. The Matua sward must be l i g h t l y grazed a t t h i s time. c Matua should n o t be grazed d u r i n g w i n t e r since t h e combination o f f r o s t and tramp1 ing b r u i ses and eventual l y k i 11 s the p l a n t . d) Matua i s more l i m i t e d i n i t s grazing f l e x i b i l i t y than ryegrasses. Although i t i s p o s s i b l e t o graze Matua once b e f o r e i t has recovered from a previous grazing, a second g r a z i n g before r o o t reserves have been b u i l t up w i l l k i l l t h e p l a n t . Regrazi ng should n o t take place u n t i l t h e p l a n t i s 15 - 20 centimetres i n h e i g h t . e) The g r a z i n g requirements o f Matua r e q u i r e ' b r e a k ' o r ' s t r i pi f e e d i ng and t h e r e f ore more labour. Addi ti onal f e n c i ng m a t e r i a l s may a l s o be required. f) Matua seed r e q u i r e s treatment f o r head smut b e f o r e sowing i n o r d e r t o prevent s e e d l i n g death. The disease u s u a l l y reappears w i t h i n twelve months b u t does n o t appear t o cause p l a n t o r animal p r o d u c t i o n l o s s . I t can however be a s e r i o u s problem f o r t h e seed producer. As head smut i s d i f f i c u l t t o eradicate, t h e c o s t o f c e r t i f i e d seed remains high. In p r a c t i c e Matua seed i s taken o n l y i n t h e f i r s t y e a r of production. 9) Matua i s more c o s t l y t o e s t a b l i s h than ryegrass. T o t a l seed c o s t s are between two and t h r e e times as great as t h e c o s t o f Nui ryegrass since b o t h t h e sowing r a t e and the p r i c e per k i 1ogram are greater. h I f the c r i t i c a l management c o n d i t i o n s in t h e f o l 1owi ng sections are v i o l a t e d Matua w i l l have very poor persistance. Despite i t s h i g h d r y m a t t e r production Matua swards [nay i look ye1 low, open and g e n e r a l l y u n t h r i f t y . The presence of head-smut accentuates i t s unfavourable appearance. However, t h i s i s o n l y o f importance i f farmers f o r whom Matua has p o t e n t i a1 advantages a1 1ow themselves t o be d i scouraged by t h e appearance o f the sward. Pasture Management 3.1 The Management o f t h e Matua Sward Although the use o f Matua as a pasture species on d a i r y farms is we1 1 documented there is comparatively 1ittl e pub1ished materi a1 on t h e managerrlent o f Matua under sheep-farming conditions. The management s t r a t e g y o u t l i n e d i n t h i s s e c t i o n has been formulated on t h e b a s i s of discussions he1d w i t h L i n c o l n based s t a f f o f Grass1ands D i v i s i o n DSIK, and Advisory Services D i v i s i o n , M.A.F. and w i t h two l o c a l sheep farmers who have considerable experience w i t h Matua. Agl ink FPP 30 (MAF, 1986) provides a b r i e f p r a c t i c a l guide f o r farmers t o t h e management o f Matua. 3.1.1. Winter Management o f Matua I d e a l l y t h e l a s t grazing o f Matua on Canterbury farms should be completed by mid-May b u t i t d e f i n i t e l y should n o t be grazed from t h e end o f May u n t i l e a r l y t o mid August i f i t s f u l l w i n t e r growth p o t e n t i a l i s t o be achieved. Thus Matua pastures p r o v i d e no w i n t e r grazing f o r a p e r i o d a t l e a s t 60 days. of I n August, Matua provides a l a r g e q u a n t i t y o f h i g h q u a l i t y feed f o r ewes iminedi a t e l y before 1ambi ng s i nce it grows approximately 1.5 times as f a s t i n w i n t e r as does Mui ryegrass (MAF, 1986). The q u a n t i t y o f feed provided by Matua immediately p r i o r t o and d u r i n g e a r l y lambing a l l o w s t h e g r a z i n g pressure t o be reduced on ryegrass based pastures, thereby a1 1owing these pastures t o maximi se s p r i n g growth. 3.1.2. Spring Management o f Matua A f t e r t h e prelamb g r a z i n g Matua appears t o experience a p e r i o d This observation has been made on a farm-level t r i a l o f slow growth. c a r r i e d o u t by t h e M i n i s t r y o f A y r i c u l t u r e and F i s h e r i e s on t h e p r o p e r t y o f M r Alex Dunlop a t Burnham. I t must be noted t h a t i n t h i s t r i a l 70 per c e n t o f t h e farm area bdas i n Matua and any delays i n growth would t h e r e f o r e be very obvious. I n a normal farm s i t u a t i o n where l e s s than 30 per cent o f t o t a l area i s l i k e l y t o be i n Matua such a slow p e r i o d would probably n o t be detected. Nor would i t be as important since t h e ryegrass-based pastures are a t t h e i r most p r o d u c t i v e a t t h i s time, p a r t i c u l a r l y i f they are emerging from the p e r i o d o f reduced grazing pressure made p o s s i b l e by t h e i n c l u s i o n o f Matua pastures i n t h e farming system. Because growth a t t h i s time o f y e a r i s slow, Matua pastures w i l l n o t reach the necessary height, 15-20 cm, f o r grazing u n t i l mid t o l a t e October. Therefore, a f t e r t h e pre-lamb grazing, they must be shut up f o r feed conservation o r spel 1ed from g r a z i n g f o r approximately e i g h t weeks. 3.1.3. Summer Manaaement o f Matua During slamrner the g r e a t e s t advantage o f Matua over ryegrass i s it s apparent1y h i g h e r p a l a t i b i l it y a l though growth r a t e s are a1 so higher than those o f ryegrass. Even i n i t s r e p r o d u c t i v e s t a t e Matua i s r e a d i l y consumed by young stock and i t i s , therefore, valuable as lamb f a t t e n i n g feed. I n summer, as a t a l l times i t i s v i t a l t o ensure t h e c r i t i c a l grazing h e i g h t o f 15 cm i s achieved b e f o r e grazing i s resumed. 3.1.4. Autumn Management o f Matua I n Autumn Matua pastures can be grazed d u r i n g mating w h i l e ryegrass pastures a r e s p e l l e d t o a l l o w accumulation o f feed t o be c a r r i e d forward i n t o t h e winter, thereby m i n i m i s i ng the q u a n t i t i e s o f conserved feed necessary. Matua should n o t be grazed a f t e r the m i d d l e o f May. Table 1 C r i ti c i a1 Manaqement F a c t o r s f o r Matua Grazi ng Management K o t a t i onal Grazi ng w i t h break-feeding and back-fencing Grazi ng P e r i o d Mot l o n g e r than f o u r days Grazi ng I n t e r v a l Sward must n o t be grazed u n t i l p l a n t h e i g h t i s a t l e a s t 15 cm, p r e f e r a b l y 20 cm Grazing Severi t y Hard ' g r a z i n g ' i e . down t o ground l e v e l Winter Period Minimum June and J u l y . P r e f e r a b l y mid May u n t i l e a r l y August tdanagement o f the Complementary Ryegrass/Matua System The management o f the complementary ryegrass/matua system summari sed i n F i g u r e 1. flock i s s p e l l ed. During w i n t e r , from mid/end May u n t i l e a r l y August the r o t a t e d on the ryegrass pastures w h i l e Matua pastures is ewe are Immediately before and d u r i n g e a r l y lambing, i.e. frorn e a r l y August u n t i l t h e beginning o f September, t h e Matua pastures a r e breakfed w i t h a g r a ~ng i p e r i o d o f no more than f o u r days. The s p r i n g f l u s h o f ryegrass pastures i s a t i t s peak d u r i n g September and ewes and lambs a r e s e t stocked o r r o t a t e d on these u n t i l t h e end o f October. Some pastures, Matua o r ryegrass, may be shut up f o r hay o r s i l a g e from e a r l y September. Over the summer months both Matua and ryegrass pastures can be i n c l u d e d i n the r o t a t i o n . T y p i c a l l y t h e ewes would be mob-stocked and r o t a t i o n a l l y grazed t o c o n t r o l ryegrass growth. Lambs and replacement stock would be given p r e f e r e n t i a l g r a z i n g on both Matua and ryegrass-based pastures as w e l l as on lucerne stands i f these were avai 1able. I n e a r l y Autumn, the ewe f l o c k w i 11 s t i l l be used t o c o n t r o l ryegrass pastures, perhaps w i t h t h e addi ti on o f suppl ementary feeds t o mai n t a i n bodywei yhts. Provided t h a t t h e r e i s s u f f i c i e n t moi s t u r e , Matua provides an excel l e n t source o f feed over f l u s h i n g and mating. Grazing o f Matua a t t h i s time a l l o w s t h e ryegrass pastures t o accumul a t e d r y m a t t e r f o r the w i n t e r . 4. Grazing 4.1 T r i a1 s Conducted by Grass1 ands D i v i s i on, OSIR Grazing T r i a l Design and Conduct I n 1979 t h e Department o f S c i e n t i f i c and I n d u s t r i a l Research imp1emented a g r a z i n g t r i a l comparing animal p r o d u c t i v i t y on two one-hectare f a r m l e t s . Each f a r m l e t was subdivided i n t o t e n paddocks and seventy per c e n t o f the area sown i n Mui ryegrass and white c l o v e r . On one f a r m l e t t h e remaining three paddocks were sown i n Matua and w h i t e c l o v e r w h i l e on t h e other, 30 p e r cent o f t h e area was sown i n Tama ryegrass. Tama paddocks were resown i n November w i t h b a r l e y intended f o r h a r v e s t as a g r a i n crop. Each farrnlet was grazed by a f l o c k o f mixed-age Coopworth ewes. The s t o c k i n g r a t e s supported by t h e f a r m l e t s a r e shown i n Table 2. Table 2 -Stocki ng Rates on Nui /Matua and Nui/Tama Experimental Farm1e t s Year 1979/80 Spring and Summer 20 1980/81 A11 seasons i981/82 A1 l seasons 20 + 5 hoggets 20 Each autumn t h e ewes were r e a l l o c a t e d i n o r d e r t h a t t h e mean l i v e w e i g h t p e r ewe was t h e same on each f a r m l e t a t the beginning of t h e year. The ewes were mated t o Coopworth rams i n e a r l y A p r i l ensure t h a t optirnal f e e d i n g l e v e l s were b e i n g mai n t a i ned were a t r e g u l a r i n t e r v a l s. and t o weighed On b o t h f a r m l e t s , weaning took p l a c e i n e a r l y December, b u t w h i l e weaned lambs continued t o graze on t h e NuilMatua f a r m l e t u n t i l e a r l y February, they were removed from t h e Nui/Taina f a r m l e t a t weaning. Both f arm? e t s were r o t a t i o n a l l y grazed and t h e g r a z i ng p e r i od o f t h e Matua pastures d i d n o t exceed four days. The Matua pastures were p a r t i c u l a r l y used f o r g r a z i n g i n l a t e autumn and s p e l l e d d u r i n g winter. Lambs, and i n 1981182 t h e hoggets, were break-fed on Matua paddocks d u r i n g summer. Tama pastures were a l s o s p e l l e d d u r i n g w i n t e r . Before each paddock was grazed, herbage y i e l d was measured by A1 1 pastures c u t t i n g e i g h t 0.25 metre square quadrats t o ground 1eve1 were grazed t o o b t a i n h i g h u t i l i s a t i o n o f herbage. . The t r i a l was r a d i c a l l y changed a f t e r two years animal p r o d u c t i o n data had been obtained, as t h e Nui/Tama system was no l o n g e r b e l i e v e d t o be an e c o n ~ m i c a l l yv i a b l e animal p r o d u c t i o n system. I t was converted t o a d r y l a n d comparison o f a 100 p e r c e n t Nui f a r m l e t w i t h a f a r m l e t c o n s i s t i n g o f 50 per c e n t Nui-based paddocks and 50 per c e n t Matua-based paddocks. During t h e ' b r i d g i n g p e r i o d ' o f one y e a r between these two experiments animal p r o d u c t i o n data Has recorded from t h e i r r i g a t e d Nui/Matua f a r m l e t a t a s t o c k i n g r a t e o f 20 ewes and 5 hoggets. 140 c o ~ n p a r a t i v e data from a Nui f a r m l e t were recorded as paddocks were being resown i n p r e p a r a t i o n f o r t h e d r y l a n d t r i a l . The d r y l a n d comparison o f a 100 p e r c e n t Nui f a r m l e t , w i t h a f i f t y per c e n t N u i / f i f t y p e r c e n t Matua f a r m l e t was c a r r i e d o u t f o r one year a t two d i f f e r e n t s t o c k i n g r a t e s ; 13 Ewes/ha and 16 Ewes/ha. Grazing management p r a c t i c e s were s i m i l a r t o those o u t l i n e d f o r t h e i r r i g a t e d t r i a l , except t h a t on b o t h f a r m l e t s weaned lambs were c a r r i e d through t h e summer. The herbage and animal production data recorded t r i a l s are presented i n Appendix 3. frorn these Gross margin a n a l y s i s based on the p r o d u c t i o n data obtained from t h e i r r i g a t e d 70:30 Nui/Matua t r i a l s has been c a r r i e d o u t . It was not, t h e r e f o r e p o s s i b l e t o use feed budgeting techniques t o estimate t h e production which would have been achieved on a comparable 100 per c e n t Nui f a r m l e t . There was no data a v a i l a b l e on herbage p r o d u c t i o n on s i m i l a r s o i l s and under s i m i l a r c l i m a t i c c o n d i t i o n s . (References: Fraser, T.J., 1984, F r a s e r T.J., 1985) Economic A n a l y s i s o f Data from Grazina T r i a l s 4.2. 4.2.1. Comparison o f animal p r o d u c t i o n achieved from d r y l a n d Nui f a r m l e t and from d r y l a n d NuiIMatua farmlet D e t a i l e d gross margins based on t h e d r y l a n d t r i a l data are d e t a i l e d p a s t u r e establishment and presented i n Appendix 1 and maintenance c o s t s i n Appendix 2. I n Table 3 t h e c o s t s and revenues associated w i t h each f a r m l e t are summarised w h i l e t h e animal production parameters o f each t r i a1 a r e shown i n Table 4. Table 3 Gross Plarqi n Summary o f Dry1and T r i a1 s Farm1e t Composi t i on Stocking Kate Nui :Matua (50:50) 13 Ewes/ha 16 Ewes/ha $/ha $/ha Rlui 13 Ewes/ha 16 Eweslha $/ha $/ha Gross Revenue (Sheep) D i r e c t Costs (Sheep 416.87 154.24 523.97 216.65 420.20 154.24 484.13 215.04 Gross Maryi n b e f o r e Pasture Costs 262.63 307.32 265.96 269.09 56.46 56.46 50.29 50.29 206.17 250.86 215.67 218.80 Revenue from Hay Sales 579.49 - 501.00 - Gross Margin I n c l u d i n g Hay Sales 785.66 - 716.67 - Annual Pasture Mai n t . and Est. Costs Gross Margin Net o f Pasture Costs -- - - -- - - - - Table 4 Animal Production Data from Dry1and Grazing T r i a1 s Farm1 e t Composi ti on Stocking Rate Lambing % S u r v i v a l t o Sale Lamb Liveweight (kg) Wool /Ewe ( kg )* -- ' k -- -- - - - - - h u i :Matua (50:50) 13 Eweslha 16 Ewes/ha 185 25.7 4.0 181 26.8 4.0 Nui 13 Eweslha 16 Eweslha 185 36.0 4.0 169 25.3 4.0 - Assuliled 4 kg Wool/head as woo1 p r o d u c t i o n n o t measured by USIR Based on data obtained from t h i s tri a1 , a t t h e 1ower s t o c k i ng r a t e (13 ewes per hectare) t h e r e i s l i t t l e d i f f e r e n c e between t h e n e t v a l ue of animal p r o d u c t i o n under t h e two systems. A t 16 ewes p e r hectare, t h e Mui/Matua f a r m l e t has generated a markedly h i g h e r n e t value of production than t h e Nui f a r m l e t . I t should be noted t h a t i n t h i s t r i a l a l l mobs were provided w i t h supplementary feed i n t h e form o f hay and barley. The r a t e p e r ewe o f supplementary feed d i d n o t d i f f e r between farmlets. Therefore t h e c o s t per hectare was h i g h e r a t 16 ewes per hectare than a t 13 ewes per hectare. 4.2.2. Net value o f animal production from i r r i g a t e d Nui/Matua f a r m l e t s I n 1979 t r i a l s were s t a r t e d t o assess animal p r o d u c t i v i t y on an i r r i g a t e d fdui/Matua (70 :30) f a r m l e t . Animal p r o d u c t i o n data were recorded f o r the two f u l l years 1980181 and 1981182. Because replacement hoggets were c a r r i e d i n 1981182 b u t n o t d u r i n g 1980181, t h e e a r l i e r gross margin has been adjusted t o a l l o w f o r t h e c o s t s of purchasing rep1acements. D e t a i l e d gross margins are given i n Appendix 1. Costs revenues are sumrnari sed i n Table 5 w h i l e animal p r o d u c t i o n data presentzd i n Appendix 3. and are Table 5 Gross Margin Summary o f I r r i g a t e d Mui/Matua T r i a l s Year Stocking r a t e / h e c t a r e Gross Revenue D i r e c t Costs Gross Margin before Pasture Costs Annual Pasture Mai ntenance and Establishment Costs Gross' Margin Net o f Pasture Costs 22 ewes/ha 862.90 216.51 20 ewes 5 hgts/ha 759.02 109.65 646.39 649.37 102.90 102.90 543.49 546.47 These f i g u r e s a r e based on t h e assumption o f an e i g h t y e a r sward-1 ife f o r Matua arld a f i f t e e n y e a r sward 1 if e f o r Nui However, t h e sward-1 i f e of i r r i g a t e d Matua i s n o t y e t known. I f t h e Matua pastures must be worked up every s i x years the gross margins w i l l be reduced t o $539.69 per hectare and $542.76 per hectare r e s p e c t i v e l y . An increase i n sward l if e t o t e n years increased the gross margins t o $545.75 p e r hectare and $548.82 p e r hectare. . 4.2.3. Feed-budgeting approach t o e v a l u a t i o n o f Matua as a p e r e n n ~ a l greenfeed i n d r y l a n d Canterbury condi ti ons I n t h e dryland s i t u a t i o n Matua may be seen as a perennial a l t e r n a t i v e t o annual greenfeed crops. I n order t o evaluate Matua i n t h i s r o l e a feed-budgeting approach was assumed. The estimated s t o c k i n g r a t e on a f a r m l e t comprising 70 per c e n t Mui-based pastures and 30 p e r c e n t Matua-based pastures was compared w i t h t h e estimated s t o c k i n g r a t e on a farmlee w i t h 70 per c e n t Nui-based pasture, 15 per c e n t Tama ryegrass and 15 p e r c e n t t u r n i p s . The estimates were based on t h e assumption o f 120 p e r c e n t lambing. A lower l e v e l o f stock performance than t h a t which was achieved i n the D S I R t r i a l s was used i n t h i s e x e r c i s e since i t was considered t h a t the average d r y l a n d farmer n e i t h e r achieves nor d e s i r e s almost 200 per cent lambing. Dry m a t t e r production data f o r both Matua and ryegrass swards were taken from i y i n i s t r y o f A g r i c u l t u r e and F i s h e r i e s estimates (MAF, 1986). These data are presented i n F i g u r e 2. The Tama crop was assumed t o y i e l d 5200 kilograms o f d r y m a t t e r per hectare (Douglas, 1980). Seventy per c e n t o f t h i s was u t i l ised by stock. A d r y m a t t e r y i e l d of 6 tonnes of t u r n i p s p e r hectare ( B a n f i e l d R. Pers. Comm) and a u t i l i s a t i o n r a t e of 70 p e r c e n t were assumed i n the a n a l y s i s . .,a F 0 ClJ a. v, r nfu cn C 3 C 3 @ 3 3 o a o Z>Z> 5 C, o I- Grazing p a t t e r n s f o r both Nui and Matua swards were those described i n Section 3. The t u r n i p s are f e d d u r i n g May, June and J u l y Estimates o f dry matter and t h e Tama froin J u l y u n t i l October. a v a i l a b l e f o r grazing are presented i n Tables 6 and 7. Paddocks a r e made a v a i l a b l e f o r grazing i n a manner which a l l o w s t h e optimum grazing r o u t i n e f o r each species t o be observed as n e a r l y as possible. However, t h e r e are times when opti~numg r a z i ng cannot be achieved. For example, on t h e Nui/Turnips/Tama farm Nui cannot be s p e l l e d i n autumn t o maximise feed c a r r i e d forward since n e i t h e r Tama nor t u r n i p s provide feed a t t h a t time. Grazing r e s t r i c t i o n s on Matua have n o t been v i o l a t e d i n t h i s exercise. The feed requirements o f stock have been c a l c u l a t e d on t h e b a s i s o f 120% lambing, weaning i n December and monthly lamb d r a f t s (40%, 30%, 30%) u n t i l February. Replacement stock are n o t c a r r i e d . I t i s assumed t h a t there are 100,000 kilograms o f dry matter on hand a t the beginning and end o f t h e y e a r and t h a t s i l a g e i s made i n October. Feed c a r r i e d forward i s assumed t o d e t e r i o r a t e ten per c e n t per month. The feed budgets c a l c u l a t e d are given i n Appendix 4 and summarised i n Figures 3 and 4. I t should be noted t h a t the q u a n t i t y o f dry m a t t e r a v a i l a b l e i n March includes t h a t which i s grown during March as w e l l as 100,000 kg c a r r i e d over. Under the Nui/Matua regime a s t o c k i n g r a t e of 11.2 ewes per hectare i s sustainable. At that s t o c k i n g r a t e t h e l e v e l s o f dry m a t t e r on hand a t t h e beginning and end o f t h e y e a r a r e i d e n t i c a l and t h e d r y m a t t e r grown d u r i n g the y e a r equals t h e dry m a t t e r r e q u i r e d by t h e stock. The Nui/Tama/Turnips farm supports 7.85 ewes per hectare. Gross margins based on t h i s feed budgeting e x e r c i s e a r e d e t a i l e d i n Appendix 1 and summarised i n Table 8. It can be seen t h a t t h e riui/Matua farm has a h i g h e r l e v e l o f p r o f i t a b i l i t y than t h e Nui /Tarna/Turni ps farm because o f i t s h i g h e r p r o d u c t i v i ty and lower costs o f c u l t i v a t i o n . Table 8 Gross Margin Summary of Dry1and Greenfeed A1 t e r n a t i ves Farm1e t Composi t i o r ~ Stocking Kate Nui :Flatus (70:30) 11.2 ewes/ha. $/ha Gross gevenue (Sheep) U i r e c t Costs (Sheep) Gross Margin b e f o r e Pasture Costs Annual Pasture Maintenance and Establishment Costs Gross 8largin Net of Pasture Costs 5. Wui :Turnips :Tama (70:15 :15) 7.85 ewes/ha $/ha 327.87 103.43 224.44 59.54 164.90 iliscussi on Matua P r a i r i e Grass has an economically v i a b l e place on Canterbury sheep farms as t h e r e s u l t s presented i n t h i s paper detnonstrate. F u r t h e r research i s needed t o determine t h e e x t e n t o f t h i s role. I n t h e complementary Nui/Matua system t h e r o l e o f Matua has two facets. F i r s t l y i t c o n t r i b u t e s d i r e c t l y t o t h e annual d r y m a t t e r y i e l d . I t i s g e n e r a l l y conceded t h a t Matua has t h e abi 1it y t o o u t y i e l d perenni a1 ryegrasses except in s p r i ng when growth r a t e s are simi 1a r T h i s was demonstrated i n t h e i r r i g a t e d t r i a l s i n which (White, 1985). t h e annual y i e l d s o f Matua exceeded t h e annual y i e l d s o f Nui by approximately 15 p e r cent. Secondly i n c l u s i o n o f Matua i n t h e r o t a t i o n a l l o w s b e t t e r management o f rye-grass based pastures which a r e t h e r e f o r e able t o t h e Nui/Matua achieve h i g h e r y i e l d s . As can be seen i n Table A.3.1. systems o u t y i e l d e d t h e Nui o n l y systems a t b o t h s t o c k i n g r a t e s under dry1 and c o n d i t i o n s a1 though on Nui /Matua farm1 e t s t h e r e was 1 ittl e d i f f e r e n c e i n p r o d u c t i o n between t h e two species. The t h i r d c o n t r i b u t i o n o f Matua t o t h e d r y l a n d farming system i s as a p e r e n n i a l greenfeed. The feed-budgeting e x e r c i s e described i n Section 4 shows t h a t Matua has s i g n i f i c a n t advantages over t h e combination o f Tama and Turnips as a greenfeed. The exercise onderstates t h e advantages of Matua i n as much as i t does n o t t a k e accourlt of t h e s u p e r i o r q u a l i t y of Matua i n t h e r e p r o d u c t i v e phase and, t h e r e f o r e , of i t s c o n t r i b u t i o n t o lamb f a t t e n i n g . I n a d r y year t h e advantages w i l l be r a t h e r l e s s since Matua w i l l n o t c o n t r i b u t e as g r e a t a q u a n t i t y o f f l u s h i n g feed i n autumn as i n w e t t e r years. Tne g r a z i n g t r i a l s conducted by D S I R t o asess t h e Nui/Matua system under irri g a t i o n have produced extremely h i g h 1eve1 s o f ani ma1 production. However i t i s n o t p o s s i b l e t o determine t h e s u p e r i o r i t y of t h i s system over one based on Mui ryegrass r e s u l t s were n o t generated by t h e experiment. since comparable Nui As has been noted previously, Matua o u t y i e l ded Nui i n both o f t h e i r r i g a t e d t r i a l s . Since t h e r e s t r i c t i o n s imposed on the r o t a t i o n by the use o f Matua i n 50 % o f paddocks could be met under dryland c o n d i t i o n s whi 1e mai n t a i n i ng economic superi o r i t y over t h e Nui a1one system i t i s a t l e a s t probable t h a t the Mui/Matua system would be s u p e r i o r under irri g a t i on. The dryland g r a z i n g t r i a l s described e a r l i e r have generated the data r e q u i r e d t o compare t h e Nui/Matua system w i t h one based on Nui alone. A t t h i r t e e n stock u n i t s per hectare t h e s u p e r i o r i t y o f the Nui/Matua system i s demonstrated, o n l y i n the l a r g e q u a n t i t i e s of hay harvested, other than i n higher p r o f i t a b i l ity from 1ivestock. At s i x t e e n S.U. per hectare t h e p r o f i t a b i l i t y o f the 1 i v e s t o c k e n t e r p r i s e based on Nui/Matua i s c l e a r l y higher. One p o s s i b l e explanation f o r the s i m i l a r i t y o f stock production a t the lower stocking r a t e l i e s i n the f a c t t h a t there was a p a r t i c u l a r l y h i g h summer r a i n f a l l d u r i n g 1982/83 when t h e t r i a l was conducted. Both systems were understocked and t h e sheep were, therefore, suppl ied w i t h optimal quanti t i e s o f feed under each. The use of Matua on d r y l a n d farms i n Canterbury r e q u i r e s f u r t h e r e v a l u a t i o n under a range o f c l i m a t i c c o n d i t i o n s and across a range of soi 1 types. I n Canterbury where r a i n f a l l i s h i g h l y v a r i a b l e and t h e p r o b a b i l i t y o f drought high, farmers r e q u i r e objective i n f o r m a t i o n on t h e performance o f Matua under d r y c o n d i t i o n s i n order t o assess t h e r i s k associated w i t h t h i s type o f system. I n addi t i o n , i t has been suggested (White, 1985) t h a t the advantages o f Matua may o n l y be e v i d e n t on s o i l s o f h i g h f e r t i l i t y . The Temp1eton S i 1t Loam on which t h e tri a1 s were conducted is one o f Land Use Canterbury's b e t t e r s o i l s and has, according t o the M.O.W.D. Capabi 1it y Survey, a p o t e n t i a l c a r r y i n g capacity o f 25 S.U. per hectare under i r r i g a t i o n and 22 stock u n i t s per hectare under dryland condi ti ons. The iJlin i s t r y of Agri c u l t u r e and F i s h e r i es a t L i n c o l n w i t h co-operation o f a l o c a l farmer, conducted a two y e a r demonstration comparing a 70 p e r c e n t Matua/30% Nui f a r m l e t w i t h a Nui alone f a r m l e t on L i smore s o i l s under dry1 and conditions. Thi s demonstrati on tiad some method01 o g i c a l defects, p a r t i c u l a r l y i n the f i r s t season, b u t a1 though these tended t o favour t h e 100 per cent Nui system, h i g h e r l e v e l s of p r o d u c t i v i t y and p r o f i t a b i 1it y were achei wed on t h e Nui /Matua system. T h i s t r i a l i s described i n Appendix 5. L i srnore s o i l s are very much l i g h t e r s o i l s than Templeton s o i l s and are estimated t o have a p o t e n t i a l c a r r y i n g c a p a c i t y o f 10 stock u n i t s per hectare under dryland conditions. While t h i s demonstration cannot be considered conclusive p r o o f t h a t Matua i s o f value as a pasture species on l i g h t l a n d w i t h o u t i r r i g a t i o n , i t does suggest t h a t i t may be o f use on a wider range o f s o i 1s than was p r e v i o u s l y be1 ieved. A1 though t h e MAF demonstration i n d i c a t e s t h a t envi r o n m n t a l l i m i t a t i o n s on t h e use o f Matua are n o t severe, i t s managerial requirements do 1i m i t i t s a p p l i c a t i o n . Whi 1e t h e p r o d u c t i v i t y and p e r s i s t a n c e o f ryegrass swards are reduced by poor g r a z i n g management they w i l l s u r v i v e overgrazing. Matua can s u r v i v e being grazed once b e f o r e i t has reached i t s c r i t i c a l grazing h e i g h t o f 15-20 centimeters b u t a subsequent r e g r a z i n g b e f o r e r o o t reserves Rave been replenished w i l l k i l l many o f t h e p l a n t s . S i m i l a r l y , prolonging t h e grazing p e r i o d beyond t h e f o u r day maximum w i l l r e s u l t i n p l a n t death as a consequence o f hoof damage. Thus Matua i s l i k e l y t o be grown successfully o n l y by those farmers capable of managing an in t e n s i ve r o t a t i o n a l g r a z i ng system. I n 1982 a HAF survey showed t h a t approximately 50 per c e n t of farmers i n Canterbury operated some type o f r o t a t i o n a l g r a z i n g system. Local advisors b e l i e v e t h a t o n l y 20 per c e n t are p r e s e n t l y capable of ( G Scales t h e l e v e l of grazing management s u i t a b l e f o r Matua. pers .comm) . T r i a l s c a r r i e d o u t by t h e OSIK have t e s t e d systems w i t h 30 per c e n t and 50 p e r c e n t Matua. Both of these a l l o w s u f f i c i e n t management f l e x i b i 1 ity t o meet stock feed demands w i t h o u t cornpromisi ng t h e grazing i n t e r v a l s o r g r a z i n g periods o f the Matua o r ryegrass swards. A1 though the MAF demonstration f a r m l e t was 70% Matua, l o c a l a d v i s o r s agree t h a t meeting g r a z i ng c o n s t r a i n t s would be extremely d i f f i c u l t if Matua-based pastures comprised more than 50 p e r cent o f t h e farm. In surnrnary, a farming system i n c o r p o r a t i n g up t o 50% Matua-based pastures w i t h t h e remai nder in ryegrass-based pasture has been shown t o be economically s u p e r i o r t o a system based s o l e l y on ryegrass, on f e r t i l e s o i l s. There i s strong evidence t o suggest t h a t such a system i s a l s o economically s u p e r i o r on l e s s f e r t i l e s o i l s , b u t t h i s remains t o be val i d a t e d i n s c i e n t i f i c a l l y conducted t r i a l s. Using a feed-budgeting approach i t has been shown t h a t a Nui /Matua system i s l e s s c o s t l y and more p r o d u c t i v e than a system i n which Nui i s supplemented by annual greenfeed crops. The g r e a t e s t l i m i t a t i o n on the successful implementation o f the Nui/Matua system i s l i k e l y t o be t h e a b i l i t y o f the farmer t o meet t h e g r a z i n g managements requirements o f t h e Matua-based sward. 6. Suaaestions f o r Future Research I n t h e course o f assessing t h e economic i m p l i c a t i o n s o f t h e Matua grazing t r i a l , i t became apparent t h a t a number o f aspects o t h e r than s c i e n t i f i c v a l i d i t y determine t h e e x t e n t t o which such t r i a l s can be r e p o r t e d meaningfully t o farmers and the e x t e n t o f economic analysi s possible. These in c l ude : 1. Rep1i c a t i on One of t h e o b j e c t i v e s o f t h i s t r i a l was t h e assessment o f Matua's s u i t a b i l i t y as a pasture species f o r dryland Canterbury. The most d i f f i c u l t environment f a c t o r f o r t h e d r y l a n d farmer i n Canterbury is t h e extreme v a r i a t i o n i n annual and seasonal r a i n f a l l . I n assesi ng pasture species, he i s , therefore, concerned w i t h performance under a wide rarige o f r a i n f a l l conditions. Eva1u a t i o n o f Matua's performance i n any s i n g l e year i s u n l i k e l y t o provide a r e s u l t which i s meaningful f o r him. For example, t h e dryland s e c t i o n o f t h i s t r a i l was conducted i n a y e a r when sumrfler r a i n f a l l was so h i g h t h a t a t t h i r t e e n stock u n i t s per hectare, t h e n e t r e t u r n s from s a l e o f surplus hay exceeded those from t h e 1ivestock e n t e r p r i s e . While i t may be p o s s i b l e t o assess t h e s u i t a b i l i t y o f a species f o r a p a r t i c u l a r l o c a t i o n without within-year replication, i t i s n o t p o s s i b l e t o asses i t s sui t a b i 1 it y f o r "dry1 and Canterbury" based on i t s performance on a h i g h f e r t i l i t y s o i l such as a Templeton S i l t Loam. Economic assessment on a regional b a s i s would be more c o s t e f f e c t i v e and very much more meaningful p r o v i d i n g t h a t resources are a v a i l a b l e t o a1 1ow rep1 ic a t i on on r e p r e s e n t a t i v e soi 1 types. 2. Data Col 1e c t i on and Kecordi na Where t r i a l s are intended t o r e f l e c t performance under c u r r e n t farming p r a c t i c e s , and t o be evaluated i n an economic framework, i t i s e s s e n t i a l t h d t a l l t h e i n f o r m a t i o n which i s important i n a farm management c o n t e x t be c o l l e c t e d . Whether o r n o t i t i s v a l i d i n a s c i e n t i f i c c o n t e x t t o disregard ' treatments ' which are appl i e d e q u a l l y t o c o n t r o l and t e s t farmlets, d e t a i l s o f such 'treatments' a r e i m p o r t a n t t o farmers who may expect t o achieve s i m i l a r l e v e l s o f performance t o those described by researchers. I n t h i s t r i a l i t was assumed t h a t t h e r e would be no d i f f e r e n c e i n wool production from ewes w i t h bodyweights as h i g h as those i n t h e trials. T h i s assumption may o r may n o t be v a l i d . However, wool i s a very s i gni f i c a n t p a r t o f sheepfarm income and t h e f a c t t h a t production 1eve1 s have n o t beem recorded reduces c r e d i b i 1it y from the f a r m e r ' s viewpoint. A1 1 i m p o r t a n t production parameters should be measured. Another aspect o f data c o l l e c t i o n t o be considered i s t h a t data should, where possible, be comparable w i t h o t h e r t r i a l s and t a i l o r e d t o d i f f e r e n t forms of a n a l y s i s t o a1 1ow e x t r a p o l a t i o n from t r i a1 s r e s u l t s t o o t h e r s i t u a t i o n s . I n one year o f t h i s t r i a l , data were c o l l e c t e d on animal p r o d u c t i o n from an i r r i g a t e d NuiIMatua f a r m l e t . There was no 'Nui o n l y ' comparison. Had herbage production data been c o l l e c t e d as w e l l as 'herage o f f e r e d ' data i t would have been p o s s i b l e t o d e r i v e a comparable Nui o n l y s i t u a t i on u s i n g feed-budgeti ng techniques. One hectare f a r i n l e t s a r e t o o s ~ l ~ d lt lo escape t h e charge, however u n f a i r , t h a t t h e management i n p u t i s l i k e l y t o have been much greater than would be p o s s i b l e i n a t y p i c a l farming context. A1 though l a r g e r experimental blocks are l i k e l y t o be r u l e d o u t immediately on grounds o f cost, a compromise s o l u t i o n may be p o s s i b l e . In t h e l a s t Appendix o f t h e r e p o r t , a Matua grazing demonstration r u n by t h e MAF Advisory Services D i v i s i o n a t L i n c o l n is b r i e f l y described. The v a l i d i t y of the r e s u l t s obtained from t h i s der~lonstration was 1 icni t e d because several o f t h e p r a c t i c e s employed invdl idate t h e compari son between the farm1 e t s s t u d i ed. I n t h e case of the Matua t r i a l c a r r i e d o u t a t L i n c o l n , i t may have been p o s s i b l e t o cornbi ne these two e x e r c i ses, w i t h MAF p r o v i d i n g farrn management e x p e r t i se and the D S I R , s c i e r l t i f i c e x p e r t i s e . T r i a l Objectives The o b j e c t i v e s o f e i ~si t r i a l changed d u r i n g t h e years o f i t s imp1 ementation as changing farming p r a c t i c e s made e a r l i e r o b j e c t i v e s obsolete. T h i s i s i n e v i t a b l e w i t h a number o f longer-term p r o j e c t s . #owever, where t h i s happens, i t i s most i m p o r t a n t t o consider what use data c o l l e c t e d i n any one y e a r are going t o be. During the year when the i r r i g a t e d Matua t r i a l was converted t o a d r y l a n d t r i a l , animal There was, production data and some herbage data were c o l l e c t e d . however, no c o n t r o l f a r i n l e t from which data f o r comparison c o u l d be I t c o u l d be argued t h a t i n such circumstances o n l y minimum collected. resources should be employed d u r i n g the t r a n s i t i o n phase since t h e r e t u r n on such resources i s low. The c o l l e c i o n o f data from o n l y one area w i t h o u t a c o n t r o l comparison does n o t p r o v i d e useful i n f o r m a t i o n f o r analysis. The concept of p r o v i d i n g an economic a n a l y s i s based on s c i e n t i f i c t r i a l data i s an e x c e l l e n t means o f c o n v e r t i n g s c i e n t i f i c r e s u l t s i n t o "farmer f r i e n d l y n i n f o r m a t i o n . T h i s process i n v o l v e s t h e e v a l u a t i o n of the t r i a l r e s u l t s from a farm management perspective and the t r a n s l a t i o n of the r e s u l t s i n t o c o s t s and r e t u r n s t o farmers. In order f o r such an e v a l u a t i o n t o be the most e f f e c t i v e , i t i s i m p o r t a n t t h a t t h e r e be an element o f economic i n p u t t o t h e t r i a l desiyn and t o the c o l l e c t i o n o f data on the t r i a l r e s u l t s . This w i l l ensure t h a t t h e i n f o r m a t i o n needed f o r t h e farm management o r i e n t e d economic a n a l y s i s i s r e a d i l y a v a i l a b l e and can be c o l l e c t e d as t h e t r i a l proceeds. L i s t o f References Manfi e l d R. Personal Cotnmuni c a t i o n , Department o f Sci e n t i f i c I n d u s t r i a l Research, Crop Research D i v i sion, L i ncol n. and Oepartrnent o f Farrn Management and Rural Val uation, L i n c o l n C o l l ege, and B u r t E.S., F i n a n c i a l Budget Manual 1986 Eds. Clarke M.B. L i ncol n Col 1ege Douglas, J .A. i n Supplementary Feeding, A Guide t o the Production and Feeding o f Supplements f o r Sheep and C a t t l e i n N ~ N Zealand. kds. K K Drew and P.t tennessy. New Lealand Society of Annual Production. Occasional Publ ic a t i on No. 7, 1980. . Dunlop, A. Personal Communication, Burnham, Christchurch Role o f Matua P r a i r i e Grass i n an A l l Grass Systan f o r Fraser, T.J. Prime Lamb Production Proceedings o f t h e New Zeal and Grassl and Association 46, 1985. Fraser, T.J. Comparison under I r r i g a t i o n o f Matua P r a i r i e Grass and Tama Ryegrass as Greenfeed Supplementary t o Nui Ryegrass f o r Prime Lamb Production (unpubl ished) 1984. Grassl ands D i v i s i o n , Departrnent o f S c i e n t i f i c and I n d u s t r i a l Research, L i n c o l n. Massey Uni v e r s i ty , Matua P r a i r i e Grass, Publ i c a t i on No. Farms Series, Massey Uni v e r s i ty, 1986. 3. Massey M i n i s t r y o f A g r i c u l t u r e and F i s h e r i e s , P r a i r i e Grass, Grasslands Matua. Aglink, Farm Production and P r a c t i c e 3U 1 s t Revision, 1986. Pearce, R. Personal Comrnuni c a t i on, K i rwee, Chri stchurch FIGURE 1 Summary of Grazing Pattern of Matua Apply Nitrogen Apply + Nitrogen Note 1 S p e l l i n g Matua l a t e J a n - e a r l y A p r i l t o b u i l d up q u a l i t y g r a z i n g p a s t u r e o v e r m a t i n g p e r i o d . U t i l i s e by s t r i p grazing 2 S p e l l i n g Matua t o b u i l d u p p a s t u r e r e s e r v e s f o r p r e - l a m b a n d l a m b i n g f e e d . U t i l i s e by s t r i p g r a z i n g . 3 R o t a t i o n a l l y g r a z e M a t u a when i t r e a c h e s 15-20 cm i n height with g r a z i n g periods o f l e s s than f o u r days. FIGURE 3 D r y M a t t e r Avai 1 a b i 1 it y and Requirement on a 100 ha Nui/Matua D r y l a n d Farm C a r r y i n g 120 Ewes Dry M a t t e r '000 kg 20 * J ~ d ~r $May r J:n JI; ~;g sLp 0;t ~ 6 dec v Jan ~ L b M i r The t o t a l dry m a t t e r a v a i l a b l e i n each month i n c l u d e s DM c a r r i e d f o r w a r d and DM g r o w t h FIGURE 4 D r y M a t t e r A v a i l a b i l it y and Requirement on a 100 ha Nui/Tama/Turnip Dryland Farm C a r r y i n g 785 Ewes Dry M a t t e r '900 kg T o t a l A v a i 1a b l e Dry M a t t e r APPENDIX 1 Sheep Gross Margins A.1.1. * Gross Marain @ 13 eweslha 50 % Matua, 50% Nui Dryland Pasture Assumptions: No deaths, replacements purchased as 2 tooths Lambing 185% s u r v i v a l t o s a l e Wool 4 kglewe Lamb l i v e w e i g h t 25.7 kg Carcase W t 42% o f 1iveweight Gross Revenue : Lamb sales : 24 @ $9.38 10.79 kg @ 133clkg $14.35 Wool p u l l : 0.95 kg @ $4.75 Charges $9.72 Wool Sales: 4 kg head @ $3.50/kg n e t Ewe sales: 3.25 ewes a t $3.00 n e t 225.12 182.00 9.75 Total Gross Revenue : D i r e c t Costs: Replacement: 3.25 2 t h ewes @ $18.00/hd Drench : ewes twice @ 19.42cldose Lambs t w i c e @ 7.76cldose Vaccination: ewes @ 1 1 . 7 9 ~ Eartags, f o o t r o t , docking: 50c/ewe Di ppi ng : 34c/ewe Ram c o s t : 50c/ewe Cartage: 65cllamb t o works 80cIewe t o works Wool shed expenses : 34clhead Shearing: 13 @ $82.50/100 Crutch: 13 8 $361100 Feed Costs: Hay-25.5 kglewe @ $ .83/bal e c o s t Barley-8.4 kglewe @ $150/t T o t a l D i r e c t Costs $154.24 Gross Margin 8 13 ewes/ha Gross Margin $/bU Note: * Addi t i o n a l Revenue from 347 bales s u r p l us hay @ $1.67 n e t Ref. f o r Gross Margins i n Appendix 1, Department o f Farm Management and Rural Valuation, L i ncol n Col 1ege , 1986 Doug1as, J .A., 1980 579.49 A. 1.2. Gross Margin @ 16 ewes/ha 262.63 50 % Matua 50 % Nui Pasture Dryland Assumptions: No deaths, replacements purchased as 2 t o o t h s Lambing: 181% S u r v i v a l t o Sale Wool : 4 kg/ewe Lamb Liveweight: 26.8 kg Carcase W t : 42 % 1iveweight Gross Revenue: Lamb Sales: 29 @ $9.93 11.26 @ 133c/kg $14.98 Wool p u l l : 0.95 kg 8 $4.75 Charges: $9.80 Wool s a l e : 4 kg 8 $3.50/kg n e t t Ewe sales: 4 ewes @ $3.00/hd T o t a l Gross Revenue 287.97 224.00 12.00 $523.97 D i r e c t Costs Replacement: 4 2 t h ewes a t $18.00/hd Drench: Ewes t w i c e @ 19.42c/dose Lambs t w i c e 8 7.76c/dose Vaci n a t i o n ewes : @ 1 1 . 7 9 ~ Eartags, f o o t r o t , docking: 50c/ewe D i p p i ng : 34c/ewe Ram c o s t : 50c/ewe Cartage: 65c/lamb t o works 80c/ewe Woolshed expenses: 34c/head Shearing : 16 @ 82.50/100 Crutch: 16 8 $36/100 Feed Costs: Hay 25.5 kg/ewe @ $2.50/bale Barley 8.4 kg/ewe @ $150/t Total D i r e c t Cost Gross Margin @ 16 ewes/ha Gross Marqin $/SU 72 .OO 6.21 4.50 1.89 8.00 5.44 8 .OO 18.85 6.40 5.44 13.20 5.76 40.80 20.16 A.1.3. Gross Margin @ 13 Eweslha 100 % Nui Dryland Pasture Assumptions: No deaths, replacements purchased as 2 t o o t h s Lambing: 183 % s u r v i v a l t o sale Wool : 4 kglewe Lamb l i v e w e i g h t : 26.0 kg Carcase W t : 42% o f l i v e w e i g h t Gross Revenue: Lamb sales : 24 8 $9.52 10.92 kg @ 133clkg $14.52 Wool p u l l : 0.95 kg $4.75 Charges: $9.75 Wool Sales: 4 kglhead @ $3.50/kg n e t t Ewe Sales: 3.25 ewes @ $3.00 n e t T o t a l Gross Revenue D i r e c t Costs: Replacement: 3.25 2 t h ewes 8 $18.00/head Drench: Ewes t w i c e @ 19.42c/dose Lambs t w i c e @ 7.76cldose Vaccination Ewes: @ 1 1 . 7 9 ~ Eartags, f o o t r o t , docki ng : 50cIewe U i ppi ng : 34clewe Ram c o s t : 50c/ewe Cartage : 6 5 ~ 1amb 1 80cIewe Wool shed expenses : 34c/hd Shearing : $82.501100 Crutchi ng : $361100 Feed Costs: Hay - 25.5 kglewe @ $.83/bale c o s t Barley - 8.4 kglewe @ $150/t T o t a l D i r e c t Costs Gross Margin 13 eweslha Gross Marain $/SU A d d i t i o n a l Revenue from 300 bales o f hay @ $1.67 n e t $501.00 A.1.4 Gross Margin @ 16 Eweslha 100 % Nui Dryland Pasture Assumptions: No Deaths, replacements purchased as 2 t o o t h s Lambing: 169% S u r v i v a l t o Sale Wool : 4 kg/Ewe Lamb Liveweights: 25.3 kg Carcase W t : 42% of Liveweight Gross Revenue : Lamb Sales: 27 @$9.19 10.63 @ 133c/kg Wool p u l l : O.95kg @ $4.75 Charges: $9.69/hd Wool Sales: 4 kglhead @ $3.5O/kg N e t t Ewe Sales: 4 ewes @ $3.00 n e t 248.13 224.00 12.00 T o t a l Gross Revenue : D i r e c t Costs: Replacement: 4 2 t h ewes a t $18.00 Drench: Ewes t w i c e @ 19.42cldose Lambs t w i c e @ 7.76cldose Vaccination: Ewes @ 1 1 . 7 9 ~ Eartags, f o o t r o t , docking: 50cIewe Dipping : 34c/ewe Ram Cost: 50c/ewe Cartage : 6 5 ~ 1 amb 1 80cIewe Wool shed Expenses : 34c/hd Sheari ng : $82.50/100 ewes Crutchi ng : $36/100 ewes Feed Costs : Hay 25.5 kglewe @ $2.50/bale Barley 8.4 kg/ewe @ $150/t T o t a l D i r e c t Costs: Gross Margin @ 16 eweslha Gross Margin $/SU $215.04 A.1.5. Gross Margin @ 22 Ewes/ha 30 % Matua, 70 % Nui I r r i g a t e d pasture Assumptions: No Deaths, replacements purchased as 2 t o o t h s Larnbi ng 195% S u r v i v a l t o Sale Wool : 4 kg 1 Ewe Lamb Liveweights: 31.7 k g Carcase W t : 42% o f Liveweight Gross Revenue : Lamb Sales: 43 8 $12.55 13.31 kg @ 133c/kg Wool p u l l : 0.95kg 8 $4.75 Charges: $9.90/hd Wool Sales: 4 kg/head @ $3.50/kg N e t t Ewe Sales: 5.5 @ $3.00 538.40 308.00 16.50 T o t a l Gross Revenue : D i r e c t Costs: Replacements: 5.5 @ $18.00 Drench: Ewes t w i c e @ 19.42c/dose Lambs t w i c e @ 7.76c/dose Vaccination Ewes: @ 1 1 . 7 9 ~ Eartags, f o o t r o t , docking : 50c/ewe D i ppi ng : 34c/ewe Ram Cost: 50c/ewe Cartage : 6 5 c / l ainb 80c/ewe (works & rep1 ) Wool shed Expenses : 34c/hd Shearing : 22 8 $82.50/100 ewes Crutching: 22 @ $36/100 ewes T o t a l D i r e c t Costs: Gross Margin/ha @ 22 ewes/ha Gross Margln $/SU 216.51 A.1.6. Gross Margin: @ 20 Ewes and 5 Hoggets/ha 30 % Matua, 70 % Nui I r r i g a t e d pasture Assumptions : No deaths, breed own rep1acement Lambing: 190% S u r v i v a l t o Sale Wool : 4 kg per Ewe Lamb Liveweights: 30.6 k g Carcase W t : 42% o f Liveweight Gross Revenue: Lamb Sales 33 8 $11.94 12.85 kg @ 133c/kg 1001 p u l l : 0.95kg @ $4.75 Charges: $9.90/hd Wool Sales: 4 kg/head @ $3.50/kg N e t t Ewe Sales: 5 @ $3.00 Total Gross Revenue : D i r e c t Costs : Drench: Ewes t w i c e @ 19.42cldose Lambs t w i c e @ 7.76c/dose Replacements s i x times @ 7.76c/dose Vaccination Ewes: Q 1 1 . 7 9 ~ Eartags, f o o t r o t , docking : 50c/ewe D i ppi ng : 34c/animal Ram Cost: 50c/ewe Cartage : 65c/l amb 80c/ewe Wool shed Expenses : 34c/animal Shearing: 25 @ $82.50/100 ewes Crutching: 25 8 $36/100 ewes T o t a l D i r e c t Costs Gross Margin 8 20 ewes/ha Gross iqargin $/SU A.1.7. Gross Margin @ 11.2 Ewes/hectare 30 % Matua, 70 % Nui I r r i g a t e d pasture Assumptions: No deaths, replacements purchased as 2 t o o t h s Lambing: 120% Survival t o Sale Wool : 4 kg/Ewe Lamb Liveweight: 30.95 Carcase W t : 42% o f Liveweight Gross Revenue : Lamb Sales : 13.4 @ 12.14 13.0 kg @ 133clkg kloolpull : .95 kg @ $4.75 Charges: $9.90/hd Wool Sales: 4 kglhead @ $3.50/kg N e t t Ewe Sales: 2.8 @ $3.00 Total Gross Revenue : D i r e c t Costs : Replacement: 2.8 @ 18.00 Drench: Ewes twice @ 19.42cldose Lambs twice @ 7.76cldose Vaccination Ewes: 8 1 1 . 7 9 ~ Eartags, f o o t r o t , docki ng : 50cIewe D i ppi ng : 34clanimal Ram Cost : 50cIewe Cartage : 6 5 c I l amb 80cIewe Wool shed Expenses: 34clewe Shearing : 11.2 @ $82.501100 ewes Crutching: 11.2 @ $361100 ewes T o t a l D i r e c t Costs: Gross Margin @ 11.2 eweslha Gross Marqln $/SU A.1.8. Gross Margin @ 7.85 Ewes/hectare 15 % Tama, 15 % Turnips, 70 % Nui Assumptions: No deaths, replacements purchased as 2 t o o t h s Lambing: 120% S u r v i v a l t o Sale Wool : 4 kg/Ewe Lamb Liveweight: 30.95 kg Carcase W t : 42% o f Livestock Gross Revenue: Lamb Sales: 9.42 @ 12.14 13 kg 8 133c/kg: Woolpull: .95 kg 8 $4.75 Charges: $9.90/hd Wool Sales: 4 kg/head @ $3.50/kg N e t t Ewe Sales: 2.0 @ $3.00 T o t a l Gross Revenue : D i r e c t Costs: Replacement P: 2.0 @ 18.00 Drench: Ewes t w i c e @ 19.42c/dose Lambs t w i c e @ 7.76cldose Vaccination Ewes: @ 1 1 . 7 9 ~ Eartags, f o o t r o t , docki ng : 50c/ewe D i p p i ng : 34c/ewe Ram Cost: 50c/ewe Cartage : 6 5 c / l amb 80c/ewe Wool shed Expenses : 34c/ewe Shearing : 7.85 @ $82.50/100 C r u t c h i n g : 7.85 8 $36/100 ewes T o t a l D i r e c t Costs Gross Margin @ 7.85 ewes/ha czEnFgK $/SU APPENOIX 2 * Pasture Establ ishment and Maintenance Cost A.2.1. MATUA P R A I R I E GRASS UNDER ORYLAND CONDITIONS FOR GREENFEED. Programme Ex drought a f f e c t e d "Nui " Ryegrass pasture, r e c e i ves two grubbings w i t h 1 ime a p p l i e d between t h e grubbings. C u l t i v a t i o n then f o l l o w s a programme o f grub, harrow and r o l l Cul t i v a t i on i n sequence, t h r e e times t o achieve weed c o n t r o l s t a r t e d l a t e spring, e a r l y summer w i t h seed broadcast e a r l y autumn. L i g h t harrowing and use of cambridge r o l l e r t o maxi m i se 1ow soi 1 moi s t u r e 1eve1 s a f t e r broadcasti ng . . D i r e c t Costs Seedbed Preparation : 5.2 hrs/ha @ $15.47/hr Broadcast c o s t $5/ha Seed: 30 kg/ha a t $3.05/kg Matua 3 kg/ha W.Clover a t $3.50/kg Treatment: 25c/kg Insecticide: Thimet (phorate) 4 kg/ha Establishment Cost ~ e ha r 80.44 5.00 102.00 7.50 23.20 $218.14 F e r t i liser: 125 kg/ha Superphosphate a t $175/tonne Spread 21.88 Lime 1 tonne/ha every f o u r years a t $13.84/ton del i v e r e d Spreadi ng $3.70/ha 4.39 Annual Maintenance Cost per ha $26.27 .................... * Reference f o r Gross Margins i n Appendix 2, Department o f Farm Management and Rural Valuation, L i n c o l n Col 1ege , 1986. A.2.2. NU1 KYEGRASS UNDER UKYLANO CONDITIONS FOR LIVESTOCK GRAZING Programme Ex drought affected Nui Kyegrass pasture receives two grubbings w i t h l i m e i n between the grubbings. C u l t i v a t i o n then f o l l o w s a programme of grub, harrow and r o l l i n sequence, t h r e e times t o achieve weed c o n t r o l . C u l t i v a t i o n s t a r t e d l a t e s p r i n g l e a r l y summer w i t h seed d r i 11ed w i t h whi t e c l o v e r e a r l y autumn. D i r e c t Costs Seedbed Preparations: 5.2 hours @ $15.47/hr Seed:20 kg Nui @ $1.50/kg 3 kg Huia W . Clover @ $3.50/kg Insecticide: Thimet (phorate) 4 kglha Establishment Cost p e r ha F e r t i 1iser : Superphosphate 125 kglha @ $175/tonne Lime : Every f o u r t h y e a r 1 tonnelha a t 13.841tonne d e l i v e r e d Spreading 3.701ha Annual Maintenance Cost Der Ha 80.44 30.00 10.50 23.20 $144.14 21.88 4.39 A.2.3. NU1 RYEGRASS UNDER IRRIGATED CONDITIONS FOR CONSUMPTION BY LIVESTOCK Programme Ex i r r i g a t e d Nui pasture disced twice, l a t e spring then ploughed, heavy harrowed, grubbed and heavy harrowed. Lime a p p l i e d p r i o r t o l a s t grubbing. D r i l l e d and harrowed w i t h Nui/whi t e c l o v e r mix e a r l y autumn. D i r e c t Costs per hectare Establishment Costs Seedbed Preparation : 11 h r s @ $15.47/hr Seed : 20 kg l4ui a t $1.50/kg 3 kg Huia W.Clover a t $3.5/kg Insecticide : Thimet (phorate) 4 kg/ha 170.17 30.00 10.50 23.20 Establishment Cost per Ha F e r t i 1iser : 150 kg/ha Superphosphate @ $175/tonne 26.25 Lime : 1 tonne/ha every f o u r y e a r s @ $13.84/ton del i v e r e d $3.70/ha spread 4.39 Water Charge 50.00 Annual Maintenance Cost Per Ha $80.64 A.2.4. MATUA PRAIRIE GRASS UNOER IRRIGATION FOR GREENFEED Ex i r r i g a t e d Nui , pasture d i sced t w i c e l a t e s p r i ng, heavy harrowed, grubbed and heavy harrowed. Lime a p p l i e d grubbing. Broadcast & harrow. D i r e c t Costs per hectare Seedbed Preparation : 11 h r s @ $15.47/hr Seed: 3 kg W.Clover 4 $3.05/kg 30 kg Matua 4 $3.05/kg Fungicide treatment: 25c/kg Insecticide : Thimet (phorate) 4 kg/ha Establishment Cost per ha $302.87 F e r t i 1is e r : 150 kg/ha Superphosphate a t $175/tonne 26.25 Lime : 1 tonne/ha every f o u r years 4 $13.84/ton del ivered $3.70/ha spread Water Charge : 4.39 50.00 Annual Maintenance Cost per ha. ploughed, prior to A.2.5. TAMA RYEGRASS FOR GREENFEED UNDER DRYLANO CONDITIONS Programme Ex drought a f f e c t e d Nui ryegrass pasture, Ploughed e a r l y summer, grub and harrow t w i c e w i t h l i m e a p p l i c a t i o n i n between. Roll and harrow then d r i 11 e a r l y February. Nitrogen appl i c a t i o n l a t e Autumn . O i r e c t Costs Seedbed Preparation : 5.9 h r s l h a 8 $15.47/hr Seed : 30 kglha @ $1.30/kg Insecticide: Thimet (phorate) 4 kg/ha F e r t i 1iser : 125 kglha Superphosphate @ $175/tonne Lime: 1 tonnelha every f o u r years @ $13.84/ton d e l i v e r e d $3.70/ha spread N i trogen 250 kglha Sul phate o f Ammonia a t $280/tonne Total Annual Costs per ha 21.88 4.39 70.00 $249.74 A.2.6. SOFT TURNIPS FOR GREENFEED UNDER ORYLAND CONDITIONS Prograinme Ex drought a f f e c t e d Mui Ryegrass pasture. Ploughed s p r i n g t o conserve moisture and grubbed pnd harrowed. Lime a p p l i c a t i o n January, and then grubbed and harrowed again. R o l l e d and harrowed b e f o r e d r i 11 ing in e a r l y February. D i r e c t Costs Seedbed Preparation : 5.6 h r s l h a @ $15.47/hr Seed : 800 gmslha @ $4.50/kg Insecticide: T h i ~ n e t (phorate) 4 k g l h a F e r t i 1iser : 125kglha Superphosphate @ $175/ton Lime 1 tonnelha every f o u r years @ $13.84/ton del i v e r e d $3.70/ha spcead T o t a l Annual Costs p e r ha 4.39 APPENDIX 3 PRODUCTION DATA FROM D S I K TRIALS A.3.1. Dryland T r i a l s Table A.3.1. Seasonal I n t a k e of Pasture by Sheep Grazing Nui and Nui & Matua Systems ( tonnes DM/ha) Stocking Rate Cul t i v a r P r o p o r t i on Nui/ 50 13 ewes Matual Nui/ 50 50 16 ewes Mui/ ~ a t u a lNui/ ~ u i ' 50 50 50 50 Nuill 50 Autumn Winter E a r l y Spring Lactation Summer Hay T o t a l System Y i e l d 11.2 Annual Y i e l d 11.1 11.2 10.2 10.7 11.2 9.7 11.5 9.9 10.9 10.3 1 Winter s p e l l ed; 40% o f area ploughed i n December f o r renewal 2 1 August - 5 December Source : Fraser, T .J ., 1985 Table A.3.1.2. Animal Performance on Dryland Pastures Ewes Stocking Rate Ewes Liveweight s t a r t (kg) Ewes Liveweight s t a r t (kg) Lambs S u r v i v a l t o sale % Mean l i v e w e i g h t (kg) Cal c u l a t e d meat y i e l d kg/ha Source: 13 16 13 16 60.5 (1.6) 58.9 (1.0) 60.3 (2.1) 60.9(2.5) 61.2 (1.2) 60.5 (1.1) 59.5 (1.7) 55.7(1.1) 185 26.0 (0.8) 169 25.3 (0.7) 185 25.7 (0.8) 181 26.8 (0.7) 297 375 Fraser, T.J., 1984 Standard d e v i a t i o n s i n b r a c k e t 299 328 9.4 A.3.2. Irrigated Trials Table A.3.2.1. Seasonal I n t a k e of Pasture ( tonnes ,DM/ha 1 Year Stocking Rate 22 Ewes C u l ti var/Management Nui Matua Autumn W i nOer Spring Summer Total System Y i e l d 14.11 Annual Y i e l d 13.49 15.57 ., 1985 Source : Fraser, T .J Table A.3.2.2. Seasonal I n t a k e o f Pasture ( tonnes DM/ha ) Year 1981/82 Stocking Rate 20 ewes + 5 h g t s C u l ti v a r Nui P r o p o r t i on 70 30 Autumn Winter E a r l y Spring Lactation Summer 1.38 1.58 0.01 3.95 2.7 1.2 0.5 0.7 1.3 1.9 Total System Y i e l d Annual Y i e l d 15.22 13.74 Source: Fraser, T.J. Matua pers corn 18.67 Table A.3.2.2. Animal Performance on I r r i g a t e d Pasture Year Cul ti var 1980181 Nui /Matua 1981182 Nui /Matua Ewes Stocking rate Ewes s t a r t (kg) Ewes end ( k g ) 22 63.7 66.7 (0.9) (1.1) 20 ( + 5 hoggets) 66.3 (1.2) 64.8 (1.1) Lambs S u r v i v a l t o Sale % Mean Liveweight ( k g ) e a r l y Dec Mean 1 iveweight ( k g ) e a r l y Feb 195 190 24 (0.4) 20.6 (0.4) 31.7 (0.5) 30.6 (0.6) Standard devi a t i ons i n brackets APPENDIX 4 FEE0 BUDGETS A.4.1. 100 ha dryland farm with 70 % of area in Nui-based pastures Both pastures and 30 X of area in Matua-based pastures. l a s t for five years. Grazing regime i s as described in t e x t Section 4. A wastage factor of 10% per month i s applied t o dry matter carried forward on the paddock. Conserved dry inatter carried forward sustains a once-only loss of 30%. Dry m a t t e r Grown and available f o r yraring Feed brought forward t4on t h l y dewand o f 1120 ewes Surplus Dry m a t t e r c a r r i e d forward on paddock t4arch April May 32984 51546 10OOOO 30542 102442 92198 July August 645/U 15120 8680 67813 102960 92198 86762 93591 70352 43641 57701 89891 171654 1713572 154155 133066 47342 30542 30542 47342 6U782 60782 91022 78254 96402 103990 78169 48490 63112 99879 97393 87192 168951 145517 109132 86762 70352 43641 57701 89891 50b54 149572 133155 112066 93591 Sept Oct June l4ov 168284 106560 Dec Jan 76632 53320 61958 61958 Feb 25U88 49022 79319 Conserved DM c a r r i e d forward Total 10U319 A.4.2. 100 ha d r y l a n d faun w i t h 70 % o f area i n Nui-based pastures, 15% of t h e area i n s o f t t u r n i p s and 15 % o f the area i n Tama ryeyrass. Grazing regime i s as described i n t e x t Section 4. A wastage f a c t o r of 10 % per Inon ,h i s appl i e d t o d r y m a t t e r c a r r i e d forward on the paddock conserved. Dry m a t t e r c a r r i e d forward sustains a once-only l o s s o f 30%. lry matter Grown and d v a i l a b l e f o r grazing eed brought forward onthly delnand of 1120 ewes idarch April 32984 30240 100,000 100419 21407 33182 urpl us 111577 97477 ry m a t t e r c a r r i e d forward on paddock 100419 87730 June July August Sept Oct Nov Dec 47047 36120 47383 33015 66360 135366 65520 46872 87730 91435 95533 109358 98272 109827 176332 33182 21407 21407 33182 42602 101595 106148 121509 109191 122030 109827 May 91435 95533 109358 98272 42602 63797 Jan Feb 31248 25088 162350 1410036 118072 54848 43426 34359 202591 178055 154373 128858 108801 155332 141350 120036 97072 79021 Total 100021 ~ n s e r v e d DM c a r r i e d forward A - - PlAF Grazing Demonstration Between March 1984 and November 1985, the M i n i s t r y of A g r i c u l t u r e and F i s h e r i e s s t a f f a t L i n c o l n , i n c o n j u n c t i o n w i t h a l o c a l farmer, i4r Alex Dunlop, conducted an on-farm t r i a l cor~lparinga 70 per c e n t Matua and w h i t e c l o v e r 30% Nui and w h i t e c l o v e r u n i t w i t h a 100 p e r c e n t idui and w h i t e c l o v e r u n i t . Each u n i t co~nprised e i g h t hectares. On t h e 100 p e r c e n t Nui u n i t t h r e e hectares were sown i n h i g h endophyte ryegrass arid f i v e hectares i n l o w endophyte ryegrass. Both u n i t s were l o c a t e d on L i srnore stony s i l t loam. U n f o r t u n a t e l y , on two occasions d u r i n g t h e t r i a l , aajustments were made which have reducea t h e v a l i d i t y o f the comparison and i t was necessary t o f i n i s h t h e demonstration b e f o r e several season's unbiased d a t a c o u l d be c o l l e c t e d . From A p r i l 7 t o [Say 2, 1984, t h e ewes froril t h e i i u i f a r n l e t were s h i f t e d t o the Matua f a r m l e t . T h i s das intended t o compensdte f o r t h e f a c t t h a t t h e Matud b l o c k nad more d r y ti-tatter per h e c t a r e a t t h e s t a r t o f the t r i a l . A rnore a p p r o p r i a t e a d j u s t ~ n e n twould have been t h e equal is a t i o n o f dry m a t t e r by g r a z i n g o r t o p p i n g b e f o r e the t r i a l commenced. The Inedsure adoptea resulted 7'11 an overcompensation and t h e p r o p o r t i o n a t t r i b u t e d t o t h e Matua u n i t i s t h e r e f o r e understated. Secondly, a f t e r Idnlbing, d r y ewes and ewes which had had b e a r i n g s o r had a b o r t e d were c u l l e d . The lambing percentage o f ewes w i t h l i v e lambs was c a l c u l a t e d f o r each u n i t . Ewe numbers v!cre brought u,p t o t h e o r i g i n a l l e v e l s and the c a l c u l a t e d lambing percentage mai n t a 1 nea by b u y i n g ewes and 1 ambs 'a1 1-counted1 . The t i m i n g o f t h e t r i a l has a1 so l e d t o an understatement o f t h e b e n e f i t s o f Matua, s i n c e t h e f i r s t season's lambing percentage and t h e l a r g e s t p o r t i o n o f i t s wool p r o d u c t i o n had a c t u a l l y been determined b y l e v e l s o f f e e d i n g i n the n~onthsb e f o r e the t r i d l . The c o s t s and r e t u r n s from each f a r l n l e t over the twenty one month p e r i o d f o r which the demonstration was conducted a r e sumrnars'sed below. Pdsture e s t a o l is h ~ ~ i e r costs, ~t which were n o t i n c u r r e d d u r i n g t h i s p e r i o a w i l l be discussed l a t e r . Table A.5.1. Costs an0 Returns from MAF Grazing T r i a l Nui /Matua Returns (March 1984 - March 1985) Lamb: 122 @ 14.5 kg = $13.87/hd Cull Ewes: 21 @ $3.00/hd Wool: 247.8 kg @ $3.50/kg n e t Sub- t o t a l A p r i l '85 - November '85 Lamb: 148 @ 10.64 k g = $8.35/ha C u l l Ewes: 19 @ $300/hd M.A. Ewes: 77 8 $14.00 Wool 337.4 kg @ $3.50/kg n e t Sub-total Total Returns D ~ r e c tSheep Costs (March '84 - darcn '85) StocK Purchase: Ewes @ 014.UO/hd 8/d4 9 M.A. Ewes 8 13 1amDs A.C. cd $7.00 2/85 32 Ewes 16 M.A. Ca $14.00 16 2' t h @ $18.00 3/84 80 M.A. 1120.00 154.00 224.00 '288.00 80 12 ewes p l u s 19 lambs 237M.A. 16 2 t h Drench: ng: - Ewes 80 Se only @ 3 . 0 ~ 2 x 8 Nilvermplus Se @ $22.42 Lambs 2 x 122 " " 8 10.76 'I 2 x dl " la 10.76 E a r t a g s : 121 G 18c Docking: 122 @ 3.15 c D i p p i n y : G4 @ 34 c Shearing: 80 @ 82.5 c Crutch: 80 @ 36c Noolshed Exp: 80 U 34c Table A.5.1 c o n t ' d ... T a b l e A.5.1 cont'd Transport: Inward: Ewes 112 @ 84c Ewes & Larnbs 9 @ $1.00 Outward: Ewes 21 @ 84c Lambs 122 @ 60c 94.08 9.00 17.64 73.20 --w---- Sub-total D i r e c t S h e e ~C o s t s Mar 1985 - 2226 .Y5 Nov 1985 Drenching: Ewes: 96 Se o n l y k3 3.0 c 2 x 96 Nilverm + Se @ 22.42 Lambs: 1 x 148 ' " (31U.76 Docking: 148 @ 3.15 S h e a r i n g : 96 @ 8 2 . 5 ~ Woolshea Exp: 9b B 34c T?ansporr;: Outward: 96 E ~ e s@ 84c 148 Larnns @ 60c - 2.88 43.05 15.92 4.66 79.20 32-64 80.64 88.80 ------347.73 Sub- t o t a l Total D i r e c t Sheep C o s t s 2574.74 ------- P a s t u r e Maintenance C o s t s March 1984 - 125 Kg/ha S.Super E x t r a @ $255.36/t a p p l i e d 8 t silage @ $12.00/t 255.36 96.00 Sub- t o t a l March 1985 - March 1985 -----351.36 ------ 125 kg/ha S.Super 500 kg Urea @ $486 -36 per t a p p l i e d 8 t S i l a g e (3 $12.00/t Sub- t o t a l November 1985 O v e r d r i l l e d 2 ha @ 15 kg/ha Nui p l u s 5 kg/ha Moata 250 kg/ha o f N-Super @ $243.45 / t o n n e a p p l i e d o v e r 2 ha Sub- t o t a l Total P a s t u r e Maintenance C o s t Overdri 11 e d 2 ha 165.50 250 kg/ha 121.73 -----287.23 638.59 -----... ----.--- Total Variable C o s t Net Revenue from T r i a l Farm1 e t March 1984 - Nov 1985 3213.33 ------------2960.81 N .Super For t h e period of t h e t r i a l t h e net revenue from t h e Nui/Matua f a r m l e t exceeded t h a t of t h e N u i farinlet by $551.78 o r $68.97 per hectare. No maintenance f e r t i l i s e r was a p p l i e d t o e i t h e r f a r m l e t i n t h e second season a s s o i l t e s t s i n d i c a t e d t h a t n u t r i e n t l e v e l s were adequate. The t r i a l d i d not continue f o r long enough t o pasture l i f e on e i t h e r f a r m l e t . determine the The pasture establishment c o s t s of both farmlets i n $1986 d e t a i l e d in Table A.5.2. are Table A.5.2. Pasture Establ i sh~nentCosts Nui /Whi t e Clover Farml e t 1, 2. 3. 4. 5. $/ha - Cultivation v a r i e t y of machinery passes eg. several grubbings followed by s e r i e s of 4.5 nrs/ha @ $15.47/hr harrowings and r o l l i n y s Seea 22 kg Nui Ryegrass 8 $ 1 . 5 ~ 3 kg White Clover (3 $3.00 F e r t i l i s e r 180 kg/ha Super @ $175/t Sagged Liine 2.5 Tonne/ha @ $17.54 D r i l l i n g - own year and labour 1.2 h r s @ $15.47 Matua/dhi t e Clover Farml e t 1. 2. 3. 4. 5. Cultivation - a s above Seed 40 kg/ha @ $3.05/kg plus treatment @ 25c/kg 3 kg White Clover @ $3.50 F e r t i l i s e r a s above Lime as above 25 t / h a @ $17.54/t Broadcsating and harrowing. Own gear and labour f a s t e r a c r o s s ground b u t 2 passes 1.2 h r s @ $15.47 69.62 122.00 10.00 10.50 31.50 43.85 18.56 I f a sward-life of f i v e y e a r s i s assumed, 1.6 h e c t a r e s of each farrnlet would r e q u i r e renewal each season. The c o s t s of t h e Matua/Nui f a r m l e t would i n c r e a s e by $979.29 and those of t h e Nui f a r m l e t by $725.49 during t h e two seasons of t h e t r i a l . Thus t n e Matua/Nui farrnlet woul d r e t u r n $298.98 i n t o t a l o r $37.37 per h e c t a r e more than t h e Nui farmlet, d e s p i t e t n e i s s u e s of stock t r a n s f e r and timing which nave l e a t o an understatement of t h e advantages of Matua. RESEARCH REPORT The Optimal Location of Egg Production in Mew Zealand, A.C. Beck. J.P. Rathbun, C.D. Abbott, 1984. An Economic Survey of Hew Zealand Town Milk1 Producers, 4983-84, R.G. Moffitt, 1985. The Economics of Irrigation Development 0%the Amuri Plains irrigation Scheme, Glen Greer, 1984. A Financial and Economic Survey of South Auckland Town Milk Producers and Factory Supply Daiuy Farmers, 198384, R.G. Moffitt, 1985. An Economic Suwey of New Zealand Wheatgrowers: Enterprise Analysis, Survey No. 8, 1983-84, R.D. Lough, P.J. McCartin, 1984. Optimal Pricing and Promotion for Agricultural Marketing Agencies, S.K. Martin, L. Young, A.C. Zwart, 1986. An Economic Suwey of New Zealand Wheatgrdwew: Financial Analysis, 4982-83, R.D. Lough. P.J. McCartin, 1984. A Contractual Framework for Evaluating Agricultural and Horticultural Marketing Channels, S.M. Martin, A.C. Zwart. 1986. Farmland Pricing in an Inflationary Economy with lmplications for Public Policy, K.L. Leathers. J.D. Gough, 1984. An Integrated Framework for Analysing Agricultural Marketing lssues, S.K. Martin, A.N. Rae, A.C. Zwart, 1986. Labour Mobility Between New Zealand and Australia, R.L. St Hill, 1986. An Analysis of Production, Consumption and Borrowing Behaviour in the Noflh Island W i l l Country Pastoral Sector, A.C. Beck, J.B. Dent, 1984. Survey of New Zealand Farmer Intentions and Opinions, November 4985-January 4986, J.G. Pryde, P.J. McCartin, 1986. New Zealand's inshore Fishery: a Perspective on the Current Debate, R.A. Sandrey, D.K. O'Donnell, 1985. A Financialand Economic Survey of South Auckland Town Milk Producers and Factory Supply Dairy Farmers, 498485, R.G. Moffitt, 1986. Land Policy and Band Settlement in New Zealand, J.R. Fairweather. 1985. Farm Enlargement in New Zealand, J.R. Fairweather, 1985. An Economic Survey of Mew Zealand Town Milk Producers, 1984-85, R.G. Moffitt. 1986. Market Prospects (for Maize, S.A. Hughes, R.L. Sheppard, 1985. An Economic Suwey of NZ Wheatgrowers: Financial Analysis, 4984-85; R.D. Lough, P.J. McCartin, 1986 Factor Cost Analysis of a New Zealand Meat Processing Company, M.D. Clemes. L.D. Woods, 1985. The Effect on Wofliculture 08 Dust and Ash: Proposed Waikato Coal-Fired Power Station, P.R. McCrea, October 1986 An Economic Survey of New Zealand Wheatgrowers: Enterprise Analysis, Survey No. 9, 4984-85, R.D. Lough, P.J. McCartin, 1985. A Study of the Determinants of Fattening and Grazing Farm Land Prices in New Zeala~id,I962 to 1983. P.G. Seed, R.A. Sandrey, B.D. Ward., December 1986 An Economic Suwey of Mew Zealand Wheatgrowers: Financial Analysis, 1983-84, R.D. Lough, P.J. McCartin, 1985. 172. Biological Control of Gorse: an ex-ante evaluation, R.A. Sandrey, 1985. 173. The Competitive Position of New Zealand Fresh Fruit Expouts, M.T. Laing, S.A. Hughes, R.L. Sheppard, 1985. 174. Marketing Structures for the Hodicultural Industuy, N.L. Taylor, R.G. Lattirnore, 1985. Farmers' Responses to Economic Restructuring in Wurunui and Clutha Counties: Preliminary Ana1ysis of Suney Data. J.R. Fairweather, July 1987. Suney of NZ Farmer intentions and Opinions, OctoberDecember 4986. J.G. Pryde. P.J. McCartin, July 1987. Economic Adjustment in New ZeaIand: A Developed Country Case Study of Policies and Problems, R.G. Lattirnore, July 1987. DISCUSSION PAPERS 104. Farmlands Grain (N.Z.) Society btd - A Marketing Audit 1980-84, R.G. Lattirnore. 1986. (not available) 105 Proceedings of the New bealand Rural Economy and Society Study Group Seminar, J.R. Fairwdather (ed.). October 1986 106 Papers presented at the Eleventh Annual Conference of the New Zealand Branch of the Australian ~grieulturai EconomicsSociety, BBenheim. Volume 1 and 2. December 1986 Farm Structure Change in Mew Zealand and lmplications for Policy, J.R. Fairweather, 1986. 107 Gowe and Goats: Considerations for Biological Control of Gorse. R.A. Sandrey, January 1987. Accounting Developments and lmplications for Farm Business, R.H. Juchau, 1986. 108 Red Deer: The Economic Valuation. R.A. Sandrey, January 1987. Maori Fishing Rights in New Zealad: an Economic Perspective, R.A. Sandrey, 1986. 109 Rural Mew Zealand; what next? Ralph Lattimore and Tim Wallace (eds.), July 1987. Government's Role in Adverse Events Assistance, T.E. Dickinson, R.A. Sandrey, 1986. 110 Dairying in Japan and the Benefits of Adopting New Zesland Pasture Grazing Techniques. R.G. Moffitt, April 1987. 111 Selling Mew Zealand Products in Japan. R.G. Moffitt, July 1987. SuppBy Response Parameters in New Eealand Agriculture - a Literature Search, M. Wood-Belton, R.G.J. Lattirnore, 1985. Papers Presented at the Tenth Annual Conference of the New Zealand Branch, Austra!ian Agricultural Economics Society, 1985. An Examination of A$PernaliveMarketing Structures - a literature search, D.E. Fowler, R.L. Sheppard, S.A. Hughes, 1985. The Treatment of Taxation in Capital InvestmentAppraisal, N.T. Williams, 1986. Additional copies of Research Reports, apart from complimentary copies, are available at $20.00 each. Discussion Papers are usually $15.00 but copies of Conference Proceedings (which are usually published as Discussion Papers) are $20.00. Discussion Paper No. 106 is $20.00 per volume and Discussion Paper No. 109 is $29.70.