Happy birthday Elton John – 63 today.
John Laurie would have been 113 today.
Fonterra is holding its forecast payout at $5.70 with an expected dividend of 20-30 cents.
If the actual return is as good as forecast it will be the second highest suppliers have received.
Last season the company revised its forecast downwards which was difficult for farmers who had budgeted on receiving more. The company must be confident it can deliver the higher forecast payout this year.
Dairy conversions are continuing in the South Island and this interim report from Fonterra may well encourage more farmers to shift from sheep and beef.
Federated Farmers has an open mind on the news that a Chinese company wants to buy the Crafer dairy farms.
Reports that Hong Kong listed Natural Dairy (NZ) Holdings Limited, maybe moving to buy dairy farm assets and milk powder production plants in New Zealand, is a sign that the gate on the New Zealand-China Free Trade Agreement, swings both ways. . .
. . .”While the ball’s in the Government’s court, assuming this all comes to pass, Federated Farmers wishes to meet with Natural Dairy (NZ) Holdings Limited sooner rather than later, to understand its strategic direction.
“Whatever happens, New Zealand will remain an attractive investment destination so maybe time has come for us to look at a Ministry of Food Production.
“It may also help put a floor under farm prices given that in the three months ending February, just 205 farms were sold. That was down from 276 farm sales in the same three month period in 2009 and 713 for the same quarter in 2008.
I’m not sure that we need another ministry, but a discussion and strategy on food production is a good idea.
The sale might also persuade would-be buyers that the bottom of the market has been reached and it’s time to get the gorse out of their pockets.
Not everyone is so open minded about the idea of Chinese investment here.
There are risks that animal welfare, hygiene and environmental standards might be compromised. But that can happen with any ownership. There are very strict rules about all of those which every owner has to adhere to and breeches of which have stiff penalties.
There are also oppportunities from the plan. If, has been mooted, at least some of the milk will be processed here and shipped as long-life milk rather than powder, that will create jobs for New Zealanders.
Some opposition is based on a blanket aversion to foreign ownership but as Lachlan McKenzie said the door swings both ways.
PGG Wrightson is 30% owned by Agria Corp which is a Chinese company and New Zealand businesses own foreign businesses.
Fonterra has dairy farms in China and Chile and NZ Farming Systems Uruguay owns farms in Uruguay.
9/10 in this week’s Dominion Post political quiz.
I din’t know an Irish Minister had been in NZ nor that s/he had been in trouble at home.
On March 25:
1199 Richard I was wounded by a crossbow bolt while fighting France.
1306 Robert the Bruce became King of Scotland.
1347 Catherine of Siena, Italian saint, was born.
1409 The Council of Pisa opened.
1584 Sir Walter Raleigh was granted a patent to colonize Virginia.
1634 The first settlers arrived in Maryland.
1802 The Treaty of Amiens was signed as a “Definitive Treaty of Peace” between France and Britain.
1807 The Slave Trade Act became law, abolishing the slave trade in the British Empire.
1807 – The Swansea and Mumbles Railway, then known as the Oystermouth Railway, became the first passenger carrying railway in the world.
1821 Greeks revolted against the Ottoman Empire, beginning the Greek War of Independence.
1847 Duel between Dr Isaac Featherston, editor of the Wellington Independent, and Colonel William Wakefield, the New Zealand Company’s Principal Agent in New Zealand.
1881 Mary Gladys Webb, English writer, was born.
1894 Coxey’s Army, the first significant American protest march, left Massillon, Ohio for Washington D.C.
1897 John Laurie, Scottish actor, was born.
1899 Burt Munro, New Zealand motorcycle racer, was born.
1903 Racing Club de Avellaneda, one of the big five of Argentina, was founded.
1908 Clube Atletico Mineiro was founded in Belo Horizonte, Brazil.
1911 In New York City, the Triangle Shirtwaist Factory fire killed 146 garment workers.
1913 Sir Reo Stakis, Anglo-Cypriot hotel magnate, was born.
1914 Norman Borlaug, American agriculturalist, recipient of the Nobel Peace Prize, was born.
1918 The Belarusian People’s Republic was established.
1922 Eileen Ford, American model agency executive, was born.
1934 Gloria Steinem, American feminist and publisher, was born.
1937 Tom Monaghan, American fast-food industry entrepreneur, was born.
1939 Cardinal Eugenio Pacelli beccame Pope Pius XII.
1940 John A Lee was expelled from the Labour Party.
1941 The Kingdom of Yugoslavia joined the Axis powers with the signing of the Tripartite Pact.
1942 Aretha Franklin, American singer, was born.
1947 An explosion in a coal mine in Centralia, Illinois killed 111.
1947 Elton John, English singer and songwriter, was born.
1948 The first successful tornado forecast predicted that a tornado would strike Tinker Air Force Base, Oklahoma.
1949 The March deportation was conducted in Estonia, Latvia and Lithuania to force collectivisation by way of terror. The Soviet authorities deported more than 92,000 people from Baltics to remote areas of the Soviet Union.
1957 The European Economic Community was established (West Germany, France, Italy, Belgium, Netherlands, Luxembourg).
1958 Canada’s Avro Arrow made its first flight.
1960 Steve Norman, British saxophonist (Spandau Ballet), was born.
1960 Peter O’Brien, Australian actor, was born.
1965 Sarah Jessica Parker, American actress, was born.
1965 Civil rights activists led by Martin Luther King, Jr. successfully completed their 4-day 50-mile march from Selma to the capitol in Montgomery, Alabama.
1975 Faisal of Saudi Arabia was shot and killed by a mentally ill nephew.
1979 The first fully functional space shuttle orbiter, Columbia, was delivered to the John F. Kennedy Space Center to be prepared for its first launch.
1992 Cosmonaut Sergei Krikalev returned to Earth after a 10-month stay aboard the Mir space station.
1996 An 81-day-long standoff between the anti-government group Montana Freemen and law enforcement near Jordan, Montana, began.
1996 The European Union’s Veterinarian Committee bans the export of British beef and its by-products as a result of mad cow disease (Bovine spongiform encephalopathy).
2006 Capitol Hill massacre: A gunman killed six people before taking his own life at a party in Seattle’s Capitol Hill neighborhood.
2006 Protesters demanding a new election in Belarus following the rigged Belarusian presidential election, 2006 clashed with riot police. Opposition leader Aleksander Kozulin was among several protesters arrested.
Sourced from NZ History Online & Wikipedia