West Coast Dairy Investment
A fully developed platform with established operators and proven production.
CRANLEY FARMS LIMITED
An opportunity to acquire a shareholding of up to 90% in a fully developed West Coast dairy business across ~1,250 hectares, milking 1,420 cows through two 50-bale rotary sheds.
Experienced equity operators in place
18 Years operating the property
7.78% ROI
FY28 forecast NPAT*
858 ha
effective dairy platform and dairy support land
585,000 kgMS
Per annum
Investment Summary
01
Fully Developed
A sustained development programme has been completed, leaving a consolidated platform with renewed infrastructure.
02
Majority Shareholding Available
Up to 90% of the shares are on offer, with continuing shareholders retaining the balance, including the experienced equity operators.
03
Forecast Return
FY28 ROI of 7.78% based on a $9.80/kgMS payout.
04
Sustainable Leverage
$17.64/kgMS bank debt and approximately 40% LVR.
05
Surplus Cashflow
Strong surplus cash flow available for debt repayment, dividends or growth opportunities.
06
Accrued Tax Credits
Significant tax credits from the development period available to be retained.
Business & Operator Overview
01
Experienced Operators
The existing equity operators continue, with 18 years on the property and an established team across both sheds.
02
Scale and Contour
1,101 ha freehold plus 149 ha leased, flat to easy contour — 718 ha milking platform, 140 ha dairy support, 1,420 cows.
03
Growth
Opportunity to purchase the neighbouring lease property which forms part of the milking platform.
04
Location
A single contiguous property just 22 km to the Westland Milk factory at Hokitika.
OPPORTUNITY
01
Above Regional Average
Expected to perform above the DairyNZ West Coast average.
02
Efficiency Gains
Halter collars, an expanded regrassing programme and feed efficiency initiatives targeted at lower labour and feed costs.
03
Payout Leverage
Close to 1% more ROI for every 25c of payout, with land appreciation additional to modelled returns.
04
Going-Concern Sale
Livestock, plant and vehicles are held within the company and transfer with the shares.
A mid-season FY27 settlement is available.
Expressions of interest close 30 October 2026
OPPORTUNITY INQUIRIES
Interested in Investment Opportunities?
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