Historical data on stocking rates and supplementary feed used on the 321 ha farm are given for the years 1970 to,l975. During this period major changes in winter grazing management practices were adopted. Management changes and reasons for thim are described and cost of and labour advantages of these changes; associated with a reduction of supplementary feed, are outlined: It is concluded that increases in stocking rates do not necessarily increase profit since in some instances they cause an increase in supplememary feeding. It is also concluded that the farm could winter l8 stock units/ha provided buying and selling policies were correctly timed and management systems used that can control intakes to the level desired.