Young Farmer Embarks on Dairy Venture in Mid-Canterbury with Equity Partnership
Peter O'Connor, a young farmer from a prominent West Coast farming family, has taken significant steps towards farm ownership by becoming the equity manager of a new dairy conversion project in Mid-Canterbury. This venture is in partnership with local dairy farmers Will and Kim Grayling, and former DairyNZ chair Jim van der Poel and his wife Sue. The project, known as Ashmount Farm, is located near Chertsey and has attracted attention at the recent South Island Dairy Event (SIDE).
The farm, previously used for cropping, spans 426 hectares and has been granted consent to milk 1,700 cows. Plans are underway to expand the property by acquiring an adjacent 202-hectare block, which will increase the total area to 628 hectares and allow for approximately 2,500 cows, likely divided into four herds.
O'Connor's rapid career progression in the dairy industry is notable. He has been recognized as the NZDIA Dairy Trainee of the Year in 2022 and was a runner-up for the New Zealand Young Farmer of the Year in 2023. He attributes his success to building strong relationships and maintaining connections, which he began during his time at Lincoln University.
The equity partnership with the Graylings was formed after O'Connor returned from a year overseas and sought employment opportunities. The Ashmount farm conversion was conceptualized over several months of discussions, with all parties finding alignment in their values. O'Connor notes the benefits of this partnership, contrasting it with contract milking by highlighting the potential for equity growth and leveraging debt.
Current priorities for the farm conversion include establishing pastures, stock water systems, fencing, and irrigation. Construction is also underway for staff accommodation and a modern rotary shed, which will feature advanced technologies such as slide pulsators, ProTrack automation, and in-shed feeding systems. The farm plans to utilize proven technologies while avoiding overly experimental approaches.
O'Connor emphasizes the importance of leadership and communication with his team, particularly with his herd managers. He believes in investing in staff and providing them with responsibilities to foster a sense of progression and ownership. The long-term plan involves growing his equity in the farm, with the vision of eventual full ownership alongside his fiancée Lydia.
