They also built equity through savings and reared young stock to progress towards herd-owning sharemilking.
As Neville and Ken weren’t looking to employ a sharemilker, the couple moved on in 2019 to a Kaitaia farm that offered a potential pathway into sharemilking.
After two seasons, they discovered that Te Rarawa Farming Ltd was seeking sharemilkers. But with the larger herd beyond their budget at the time, they contacted their former employers with a proposal.
“We suggested to Neville and Ken that we form a sharemilking equity partnership together, and Jesse and I would contract milk to it,” Sharon says.
“The contract milking business would pay for normal contract milking things like fuel, staff, power, and the sharemilking company would own all the tractors, gear and livestock.”
They put together some budgets, and Neville and Ken agreed, knowing the Bagleys’ reputation as hard-working and savings-oriented dairy farmers.
Their agreement requires them to buy equity partnership shares every year. They now have a 44% stake, up from 33% in 2021.
The Bagleys achieved record production for the farm in their first season and have maintained it since — lifting output from a previous high of 393,000kgMS to over 400,000 every season, and reaching 460,000 last season.
Sharon puts the result down to a lot of fine-tuning.
“We have made a lot of mistakes in the past.”
Jesse adds, “In farming, you’re always learning. Every year, we want to get better.”