Jan. 28 (BusinessDesk) – Synlait Milk, the milk processor which counts China’s Bright Dairy Food as a cornerstone shareholder, will beat its annual profit forecast by as much as 77 percent on earnings growth, though might miss its sales target for infant formula into China due to stricter regulations.
The Rangiora-based company anticipates net profit of between $30 million and $35 million in the year ending July 31, up from the $19.67 million forecast in the company’s prospectus when it listed in July, it said in a statement.
Synlait lifted its forecast milk payout to between $8.30 per kilogram of milk solids and $8.40/kgMS from $8/kgMS previously as global dairy prices climbed, but is reaping earnings growth from its value-add products and a favourable product mix, chairman Graeme Milne said. . .
Sheep farming area now a dairy melting pot - Mike Crean:
The old mail box has the name Inniskillen stencilled on the front. Beside it are nine small, modern mail boxes. To Dick Davison, they illustrate the greatest social change in the history of North Canterbury’s Amuri Basin.
It is the change from an aristocracy of established sheep farming families to a multi-cultural society of dairy farmers, managers, labourers and sharemilkers. The change is greater even than the transformation caused by breaking up the large estates a century ago, Davison says.
He and wife Liz bought his family’s farm, Blakiston, across the road from Inniskillen, in 1976. Recently they sold most of it, retaining an elevated block where they have built their dream house. . .
Beekeepers are struggling through one of their most challenging seasons, with cool temperatures and wind significantly slowing honey production.
National Bee Keepers Association president Ricki Leahy said the weather so far this summer had been exactly what the bees did not thrive in.
“We have hives down the West Coast and it has certainly been a miserable summer down there, really,” Mr Leahy said.
“The main problem we have with unsettled weather is the bees need to build up a momentum to get a good honey flow going.
“You also need that constant heat to get the nectar in the flowers … so everything depends on a nice, long stretch of fine weather.” . . .
An international study into the use of introduced insects to control weeds has found little evidence of them going wrong.
Dr Max Suckling of Plant & Food Research said there had been concerns about introducing non-native insects as weed biocontrols because of the risk of them attacking non-targetted plants.
But Dr Suckling said their worldwide survey of more than 500 insect biocontrol cases, dating back more than 150 years, had found few examples of them causing serious damage to other plants. . .
China pays up big for Australian cattle – Warwick Long:
Australian dairy and even beef farmers are making the most of Chinese demand for live cattle.
China’s dairy industry killed two million cows last year as smaller subsistence farmers left in droves on the back of high meat prices.
The price of an Australian six-month-old dairy heifer for live export has risen by over $400 in just a couple of months.
Independent livestock agent Darren Askew says farmers are now earning over $1,350 per animal.
The trade of dairy cattle to China is a volatile market, which has been this high before and then crashed. . .
What inspires a young man to become a dairy farmer – Milk Maid Marian:
We received an unusual phone call the other week. A vet student with no family connections to dairy, Andrew Dallimore rang out of the blue saying he was keen to become a dairy farmer and wondered if he could ask us a few questions.
Well, what a series of questions! What were the challenges we faced becoming dairy farmers, why did we choose it, the ups and downs, where we look for knowledge and what are the pros and cons of raising children on a farm? At least, these are the ones I remember. And he took notes.
It felt like being at confessional, somehow. You have to be totally honest with someone so earnestly and diligently researching his future. Wayne and I were both immensely impressed, then gobsmacked when he offered to do a few hours work on the farm with the payment of just our thoughts and a banana! . . .