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21

The Butterworth's milk a Friesian x Jersey herd on 106 ha at Walton in the Eastern Waikato. In the 2013/14 season, when the competition was based at a milk payout of $8.37/kgMS, they peak milked 450 cows and produced 447 kgMS/cow and 1,906 kgMS/ha. They had a cost of production of $3.13/kgMS, with an operating profit of $10,344/ha and a return on capital of 10.9%.

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