Rural round-up

Engaging youth in agriculture – the key to a secure food future – Farming First:

Engaging youth in agriculture has been a prominent topic recently and has risen up the development agenda, as there is growing concern worldwide that young people have become disenchanted with agriculture.

With most young people – around 85%living in developing countries, where agriculture is likely to provide the main source of income it is vital that young people are connected with farming.

Currently around the world we’re living in an era where rapid urbanisation has led to a decline in rural populations and for the first time ever the majority of the world’s population lives in a city. The UN World Health Organization predicts that “by 2030, 6 out of every 10 people will live in a city, and by 2050, this proportion will increase to 7 out of 10 people” meaning that more young people than ever before are moving to cities and towns to find work, leaving few behind to work in rural areas. . .

Fonterra’s Group Director of Strategy to lead Recovery Management Team:

 Fonterra today announced that Maury Leyland, Group Director of Strategy, will lead its Recovery Management Team responsible for the ongoing operations of the precautionary recall and will oversee the operational review announced by the CEO last week.

Chief Executive, Theo Spierings, said, “Maury will manage all aspects of the recent recall and will oversee the operational review I announced last week. She will report directly to me on progress and findings. This will be an in-depth review covering our business processes, information and traceability systems, and current ways of working, including decision-making processes”, Mr Spierings said.

Ms Leyland said the operational review is separate to the one being conducted by the Board of Directors of Fonterra, but that the findings will be shared directly with them.

“Our initial investigations have given us a clear idea of the events that led to our precautionary recall, but we now need to establish a detailed understanding of the processes, systems and decisions involved. . .

 

China’s Bright Dairy looking better after Fonterra’s food safety stumble, Moody’s says – Paul McBeth:

China’s Bright Food Group, a cornerstone stake in local processor Synlait Milk, is likely to get a boost from Fonterra Cooperative Group’s food scare and might get a credit rating upgrade from Moody’s Investors Service.

Fonterra is the biggest milk powder supplier into China with about 60 percent market share, and last week’s food safety scare is seen as credit positive for Bright Food’s Baa3 credit rating with a stable outlook, Moody’s said in a statement. The New Zealand dairy exporter discovered bacteria that can cause botulism, which sparked a recall of potentially tainted food and prompted Chinese authorities to suspend imports of affected products.

“The incident is credit positive of Bright Food, which operates its dairy business through Bright Dairy & Food Co, a 65 percent Shanghai listed company and is one of China’s top three dairy producers by revenue,” Moody’s senior analyst Alan Gao said. . .

PGG Wrightson take $321M charge on goodwill, operating earnings drop on drought:

PGG Wrightson, the rural services company controlled by China’s Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the effects of this year’s drought.
The net loss was $306.5 million in the 12 months ended June 30, from a profit of $24.5 million a year earlier, the Christchurch-based company said in a statement. Sales fell 15 percent to $1.13 billion. Stripping out the impairment, net profit would have been $14.6 million, missing First NZ Capital expectations for net earnings of $19.4 million. . .

‘Broccoli lady’ honoured for kumara work – Tennessee Mansford:

A Kiwi woman’s just been named Australasia’s marketer of the year for her work to promote the humble kumara.

And it’s not the first time American-born Lisa Cork has made headlines with her vegetable antics. Twenty years ago she sent 10 tonnes of broccoli to US President George Bush.

It was labelled broccoli-gate or the broccoli brouhaha, and it all stemmed from one statement by then US President George Bush, Sr in 1990. . . .

Giesen The Brothers Pinot Noir 2011 wins top trophy:

Growing recognition of the calibre of Marlborough Pinot Noir has been highlighted with Giesen The Brothers Pinot Noir 2011 winning top accolades at the 2013 Spiegelau International Wine awards dinner in Auckland on the weekend.

Produced from the sought after Wairau Valley in Marlborough, The Brothers Pinot Noir 2011 won gold and then went on to win the overall trophy for Singapore Airlines Champion Pinot Noir.

Marcel Giesen said Giesen Wines is now focusing considerable attention on Pinot Noir, having planted their first 100% organic Pinot Noir vineyard only three years ago. . .

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