Rive – to rend or tear apart; break or divide into pieces, as by a blow; wrench open; cleave or split asunder; break, distress, harrow or rend.
Fonterra announced today a five-point plan to give farmer shareholders more flexibility in managing their farm businesses in order to support and grow milk production to support the Co-operative’s growth strategy.
The plan includes:
1. A bonus issue of one additional share or unit for every 40 held on 12 April 2013.
2. A further Supply Offer enabling Fonterra shareholders to sell the economic rights of some of their shares into the Fonterra Shareholders’ Fund.
3. A Dividend Reinvestment plan enabling shareholders and unit holders to elect to receive dividends in the form of shares or units.
4. Flexible contracts to give new and growing farmers more time and options to fully back their milk production with Fonterra shares.
5. New opportunities for winter milk supply contracts in the upper North Island to fuel Fonterra’s new UHT plant at Waitoa. . .
Fonterra today announced it will be investing more than $100 million in a new UHT milk processing plant at its Waitoa site in the Waikato.
Fonterra Chief Executive Officer Theo Spierings said the new plant would enable the co-operative to meet growing demand for UHT products in Asia.
“The new plant will enable us to increase our UHT production by 100 per cent over the next few years. The plant will include five new UHT lines that will produce a range of products including UHT white milk and UHT cream for the foodservice sector. . .
Federated Farmers has asked the Commerce Commission to look into the selling of debt finance instruments known as ‘swaps’. This formal request was made last November.
“It is fair to say we have received a number of inquiries from members and even non-members regarding swaps,” says Bruce Wills, Federated Farmers President.
“As most of these instruments were sold to farmers between 2007 and 2009, the impact of the global financial crisis upon interest rates saw concerns really only arise after 2009. . .
With widespread dry conditions and the first adverse event declaration in Northland related to drought, Federated Farmers believes there is no justification for the high New Zealand dollar.
“It seems dairy production is not just falling but in some key areas is starting to crash,” says Bruce Wills, Federated Farmers President.
“DairyNZ confirms Northland’s February milk production is some 20 percent down year to date while in the Waikato, it is about 15 percent down. Speaking to Kevin Robinson, the vice-chair of Federated Farmers Dairy, milk production at his farm is down 15-20 percent and is falling daily. . .
PGG Wrightson, the rural services company controlled by Singapore-based Agria, listed first-half profit by 55 percent on earning s growth from retail and Ag services, allowing it to declare a 2.2 cents a share interim dividend.
Profit rose to $4.8 million in the six months ended Dec. 31, from $3.1 million a year earlier, the company said in a statement. Revenue from continuing operations fell to $589 million from $694 million.
Wrightson sold its finance unit to Heartland New Zealand in August 2011 and booked a loss of $3.37 million in the first half of the 2012 that wasn’t repeated in the latest period. Revenue from discontinued operations fell to $1.5 million in the latest half from $13.6 million a year earlier. . .
Feb. 27 (BusinessDesk) – A2 Corp, which markets milk products with a protein variant claimed to have health benefits, reported an 82 percent slide in first-half profit as the cost of setting up its UK joint venture eroded the bottom line. The shares gained 3.9 percent as it affirmed its annual earnings forecast.
Net profit dropped to $243,000, or 0.09 cents per share, in the six months ended Dec. 31 from $3.4 million, or 0.53 cents, a year earlier, the Sydney-based company said in a statement. That came from a $1.5 million loss on establishing its UK joint venture with Robert Wiseman Dairies, which only started selling product in October last year. . .
Primary Wool Cooperative announces that on February 19, 2013, the Directors approved the payment of a 10% dividend to members. This comes on top of the annual 3 cents per kilogram rebate and last year’s 5% dividend, meaning that over the past 3 years, rebates and dividends have totalled an impressive $1.1M. These rebates and dividends, along with significant funding of industry-good activities such as the Campaign for Wool, demonstrate some of the ways Primary Wool Cooperative is delivering real benefit to the industry.
This is more good news for Primary Wool Cooperative, with the Just ShornTM brand being successfully rolled out into over 480 carpet retailers across North America and Canada on February the 18th 2013. . .
Farmer Shareholders in the rural supply co-ops Farmlands and CRT have agreed to merge the two Societies with a majority of Farmlands and CRT Shareholders voting in favour of merger in today’s second special vote.
It means an immediate bonus for Shareholders in both co-ops. A bonus share issue of $32 million shares is being made to shareholders to distribute the retained earnings and unallocated reserves of the two co-operatives prior to merging.
And the two companies will distribute more than $8 million in an interim bonus rebate to Shareholders. This relates to their trading with the two co-operatives over the period 1 July– 31 December 2012. The rebate will be paid in a 60/40 share/cash split. . .
The findings of a Ministry for Primary Industries survey of technology transfer to farmers is more evidence of why farmers should want the red meat primary growth partnership programme to go ahead, says Beef + Lamb New Zealand chairman Mike Petersen.
The MPI survey says technology transfer has enabled farmers and growers to become world leaders in primary production during three decades of significant structural change. But the sector could now do with a boost because there are too few professionals and they need to be better linked to provide a more integrated approach to sharing new knowledge and information.
“This initiative runs right through our PGP programme that is bringing together the major meat companies, two banks and an accounting firm in an unprecedented collaboration. . .
It’s another of those fortnights this week which leaves me without time to think about questions.
I’ll leave them up to you and give an electronic basket of stone fruit to anyone who stumps everyone.
“Let’s be clear about this referendum – it’s not a citizens-initiated referendum, it’s a Parliamentary-initiated referendum,” says Mr Ryall.
“It has citizens, it has overseas visitors, it has children. This was a Green Party-funded, taxpayer-funded signature collection process. The Green Party paid staff members to go out there and collect signatures.
“They’ve got to prove they’ve got the right number of signatures, there’s up to a year before the referendum happens. The real referendum on this was the 2011 general election. We campaigned on it, we made it clear and we’ve got a mandate.”
The partial sale of a few state assets was the Bogey Man with which opposition parties tried to frighten voters during the election campaign.
National was explicit about the policy, the opposition parties were explicit about their opposition.
National won, they lost. That doesn’t mean everyone who voted for National supports the policy but it does mean they weren’t so opposed to it to vote for the parties which would not have done it.
North Otago didn’t have much of a spring and while we didn’t enjoy the cold, wet start to summer it did provide good soil moisture levels.
We could do with some rain now but it’s not desperate.
The summer hasn’t been nearly as kind to farmers further north.
Three weeks ago a Northland dairy farmer told me he was down to once a day milking and would soon have to dry off his herd.
There’s been no rain since then and yesterday Minister for Primary Industries Nathan Guy declared a drought in the region and said other regions are likely to follow:
“This is recognition that we are now beyond what is a normal dry summer, and into an extreme climatic event. The entire North Island is extremely dry, but Northland is one of the worst-hit areas.
“The declaration of a medium-scale event means that extra Government funding will now be available to coordinate support through local organisations like the Rural Support Trusts. In extreme cases there will also be Rural Assistance Payments (RAPs) available to farmers in severe hardship.
“This drought decision has been made after receiving advice from the Ministry for Primary Industries, including soil moisture data from NIWA, and in consultation with the local community. It applies to the area north of the Auckland Harbour Bridge.
“We are closely watching other parts of the North Island which are extremely dry, in particular the Waikato and Hawkes Bay.
“Support is also available from Government agencies in all regions, even without a drought declaration. Farmers should contact IRD if they need help or flexibility with making tax payments, and standard assistance is available from the Ministry of Social Development.
“Farmers have been taking practical steps to deal with the dry, such as destocking and switching to once a day milking. It’s important to plan ahead and to ask for help when needed.
“Beef + Lamb New Zealand, Federated Farmers, DairyNZ and the Ministry for Primary Industries are all working to help farmers get through this tough period,” says Mr Guy.
Federated Farmers believes Northland will be followed by other regions in fairly quick succession.
“Practically speaking an adverse event declaration like this is not about handouts,” says Matt Long, Federated Farmers Northland provincial president.
“What it means is that organisations like the Rural Support Trust Northland can now coordinate and deliver farm advisory and counselling services. As this is a highly stressful time for farmers and their families, access to counselling services is invaluable.
“Another thing the declaration triggers is flexibility from Inland Revenue. It is not about being excused obligations but the ability to set up individual plans with it; plans that need to be organised through a farmer’s agent or accountant.
“I would say that support from the likes of MSD and Inland Revenue might also be good for farm workers and their families as the financial effects of drought cascades through our communities.
“Federated Farmers will of course activate our 0800 DROUGHT (0800 376 844) feed line. We will also be developing formal and informal initiatives for farmers, their staff and their families.
“We further recommend that farmers speak to their bank’s rural manager. This declaration confirms how bad things are and by keeping your bank fully informed they will work with you.
“What I want farmers to know is that they are not alone,” Mr Long concluded.
Droughts are physically, financially and psychologically challenging.
They’re a bit like a chronic illness .
The only cure is rain but the official declaration does trigger help to alleviate some of the symptoms.
Anyone wondering about recent poll results which show Labour still failing to make any traction will find part of the answer in Charles Chauvel’s valedictory speech (at 17:45):
. . . it is unproductive to keep trying to locate and exclude the supposed enemy within. Instead, in order to avoid history repeating, it is time for an honest, open, and overdue assessment of why the 2011 campaign produced Labour’s worst ever electoral result. Those responsible for it should make dignified exits, and all the undoubted talent and diversity of the caucus should be included in the shadow Cabinet. To put it another way, in Gough Whitlam’s immortal words, the party must have both its wings to fly. . .
Why would voters trust a party when a member admits it’s searching for an enemy within and riven by factions which means it can’t trust itself?
“Is it really more blessed to give than to receive?”
“Oh, yes, definitely.”
“What if you’re giving insults?”
“Ah, that would be one of the exceptions that prove the rule.”
870 The Fourth Council of Constantinople closed.
1261 Margaret of Scotland, queen of Norway, was born (d. 1283).
1638 The Scottish National Covenant was signed in Edinburgh.
1787 The charter establishing the institution now known as the University of Pittsburgh was granted.
1824 Blondin, French tightrope walker, was born (d. 1897).
1827 The Baltimore & Ohio Railroad was incorporated, becoming the first railroad in America offering commercial transportation of both people and freight.
1844 A gun on USS Princeton exploded while the boat was on a Potomac River cruise, killing eight people, including two United States Cabinet members.
1849 Regular steamboat service from the west to the east coast of the United States began with the arrival of the SS California in San Francisco Bay, 4 months 21 days after leaving New York Harbour.
1865 Wilfred Grenfell, medical missionary, was born (d. 1940).
1883 The first vaudeville theatre opened in Boston, Massachusetts.
1900 The Second Boer War: The 118-day “Siege of Ladysmith” was lifted.
1912 Clara Petacci, Italian mistress of Benito Mussolini, was born (d. 1945).
1922 The United Kingdom accepted the independence of Egypt.
1925 Harry H Corbett, English actor, was born (d. 1982).
1939 The first issue of Serbian weekly magazine Politikin zabavnik was published.
1939 – The erroneous word “Dord” was discovered in the Webster’s New International Dictionary, Second Edition, prompting an investigation.
1942 Brian Jones, English musician (The Rolling Stones), was born (d. 1969).
1943 Charles Bernstein, American composer, was born.
1945 New Zealand soldier David Russell was executed by a Nazi firing squad in Italy.
1946 Robin Cook, British politician, was born.
1947 228 Incident: In Taiwan, civil disorder is put down with the loss of 30,000 civilian lives.
1953 Paul Krugman, American economist, Nobel laureate, was born.
1957 Cindy Wilson, American singer (The B-52′s), was born.
1958 A school bus in Floyd County, Kentucky hits a wrecker truck and plunged down an embankment into the rain-swollen Levisa Fork River. The driver and 26 children died in what remains the worst school bus accident in U.S. history.
1970 Daniel Handler, American writer, better known as Lemony Snicket, was born.
1972 The Asama-Sanso incident ended in Japan.
1972 The United States and People’s Republic of China signed the Shanghai Communiqué.
1974 Moana Mackey, New Zealand politician, was born.
1975 A major tube train crash at Moorgate station, London killed 43 people.
1985 The Provisional Irish Republican Army carried out a mortar attack on the Royal Ulster Constabulary police station at Newry, killing nine officers in the highest loss of life for the RUC on a single day.
1986 Olof Palme, Prime Minister of Sweden was assassinated in Stockholm.
1991 The first Gulf War ended.
1993 Bureau of Alcohol, Tobacco and Firearms agents raided the Branch Davidian church in Waco, Texas with a warrant to arrest the group’s leader David Koresh. Four BATF agents and five Davidians die in the initial raid, starting a 51-day standoff.
1997 – The North Hollywood shootout took place.
2001 – Six passengers and four railway staff are killed and a further 82 people suffer serious injuries in the Selby rail crash.
Sourced from NZ History Online & Wikipedia
The Supreme Court has ruled in favour of the government over the sales of Mighty River Power.
“This confirms the Government can proceed to sell up to 49 per cent of shares in Mighty River Power in the second quarter of this year, in line with legislation passed by Parliament last year,” Mr English says.
“Cabinet will next Monday consider a timetable and other details of the Mighty River offer – including how New Zealanders will be at the front of the queue for shares. We expect to be in a position to confirm those details soon afterwards.
“We are pleased to be getting on with what we were elected to do.”
Mr Ryall says the Government’s share offer programme remains on track, following the Supreme Court decision.
“The Government has always been firmly of the view that the partial sale of shares does not in any way affect the Crown’s ability to recognise rights and interests in water, or to provide redress for genuine Treaty claims.
“The Government’s partial sale of shares in state-owned enterprises is good for taxpayers because we expect to generate between $5 billion and $7 billion in proceeds which we will use to control debt.
“It is also good for New Zealand’s capital markets and it will improve the performance of the companies in the share offer programme.
“The Government will invest these proceeds in new public assets like modern schools and hospitals – and that’s money we don’t have to borrow from overseas lenders.”
Let the sales proceed.
Future foods – Robert Hickson:
Will farm livestock become endangered species? Social, economic and environmental drivers are converging to not only look at producing food more efficiently and sustainably, but are also stimulating new ways to produce meat or remove the need for it altogether. Such changes, if successful, could have substantial effects on New Zealand’s agricultural and economic landscapes.
Lab-grown meat has been worked on for a while, and convergence with other technologies is starting. Modern Meadow is aiming to print meat. In vitro production of meat still has a long way to go, technically, economically and socially. There is scepticism that it will become economically viable and sufficiently scaleable. Or even appeal to consumers. But would it really be that different from currently available mechanically extracted meat products , insects or some of the delights whipped up by molecular gastronomists? . . .
A $54,000 grant to St John from Federated Farmers will help the organisation continue its important community work.
Federated Farmers made several grants from their Adverse Events Trust in September 2012, and St John was one of the recipients. The money came from individual farmers, meat company workers and meant and wool companies.
Federated Farmers’ representatives Katie Milne (National Board Member) and John Hartnell (Chairman of the Bee Industry Group) visited the St John Regional Operations Centre to see the work of the ambulance communications centre, as well as have a look at a new ambulance. . .
Contacting Fonterra has been on the to-do list for many New Zealand primary schools since the 2013 school year kicked off – and more than half of the country’s eligible schools have now expressed interest in Fonterra Milk for Schools.
More than 1100 schools, representing about 191,000 kids, have registered their interest in the nationwide programme which will provide free milk to primary-aged children every school day. This is on top of the more than 110 schools already participating in Northland.
Fonterra Group General Manager Global Co-operative Social Responsibility Carly Robinson says the number of schools getting in contact has been growing by the day. . .
Dairy expo braodens view of the industry – Sally Rae:
Question – what’s black and white and red all over? Not necessarily a newspaper.
It could be a cow hide tanned by Southland man Adam Cowie, who established his own business about three years ago after working in a tannery for many years.
Mr Cowie, from Animal Skin Tanning Services Ltd, had skins for sale at the Southern Region Dairy Expo at Clydevale last week.
The event, organised by the Clutha Valley Lions Club, attracted a wide variety of exhibitors, selling everything from tractors and trailers to fertiliser and milking systems, pumps and stockfeed. . .
DairyNZ is encouraging farmers to use the latest Forage Value Index lists to help make decisions on perennial ryegrass cultivars.
The DairyNZ Forage Value Index (FVI) was launched last May as an initiative between DairyNZ and the New Zealand Plant Breeding and Research Association (NZPBRA). The region-specific FVIs utilise seasonal dry matter yields from NZPBRA’s National Forage Variety Trials.
DairyNZ’s Dr Jeremy Bryant says the latest set of FVI lists were released in December. . .
Kirsten Bryant has been returned as the Western North Island Farmer Director on the Board of Beef + Lamb New Zealand.
The Beef + Lamb New Zealand Returning Officer, Warwick Lampp has reported that Kirsten Bryant received 11,503 votes and John McCarthy received 6,149 votes. . .
In less than a week the first regional winners in the 2013 New Zealand Dairy Industry Awards will be announced, opening new opportunities and career prospects.
National convenor Chris Keeping says it is an exciting time when the winners of the 12 regional competitions become known and a new group of passionate and enthusiastic dairy farmers step forward.
“We had more than 550 entries this year, so our judges are working extremely hard to identify those sharemilkers, equity farmers, farm managers, contract milkers and trainees doing the best with the resources and farm they have available to them. The awards are not about being perfect, they are about making progress.” . . .
With high demand in dry areas edging up the price of supplementary feed, dairy farmers wanting to maintain production into late autumn have got an increasingly cost effective “friend in N”, says Ballance Science Extension Manager Aaron Stafford.
“As a feed source home grown pasture remains your best bang for buck and with supplementary feed prices now averaging $50 a tonne more, farms that are not battling the dry conditions will find N an even more competitive tool for extending autumn lactation and maintaining herd condition.”
Aaron says products like SustaiN Green, which reduces ammonia volatilisation, offer farmers more flexibility to apply nitrogen when it’s needed most or when it suits them better, even if the weather or soil conditions often experienced during autumn are not optimal. . .
Statistics Minister Maurice Williamson says the census is important for all communities.
It’s just a pity that one of those communities – New Zealanders – is an afterthought in the ethnicity category.
The NZ Centre for Political Research has a poll asking people if New Zealander should be an option in the census.
Muriel Newman explains that a change in the ethnicity questions in the 1980s means that the number of Maori is exaggerated.
I don’t know if she is correct. My concern is that the current choices are discriminatory.
What message does having European New Zealander at the top of the list of choices and having to tick other send to people who consider themselves New Zealanders but happen to be of Maori, Pacific Island, Indian, Chinese, Malaysian, African . . . or any other descent?
If statisticians want to know about race, that is what the question should ask. If they really want to know about ethnicity then New Zealander ought to be an option.
The ODT editorial on Labour’s reshuffle highlights the coalition conundrum:
. . . With support for the Greens remaining at election night highs, it is conceivable that party could have five ministers in any future government, perhaps even including a deputy prime minister. . .
Despite the need to govern together, Labour and the Greens are not always natural friends, with each party continuing to snipe away at each other. To provide the electorate with a compelling argument on why it should vote for a Labour-Green government though, some collaboration is necessary. . .
To be lead a stable government under MMP the major party has to attract the swinging voters in the middle.
Voters need to be convinced parties could work together but the people in the middle are least likely to be attracted to Labour if they fear the Green Party will drag it too far to the left.
If Labour really wants to win the Maori seats, shouldn’t the party’s Treaty Negotiations spokesperson be on its front bench?
Labour took the Maori seats for granted until it lost them but doesn’t seem to have learned a lesson.
The party also tries to criticise National for its record but Treaty Negotiations Minister Chris Finlayson met more settlement milestones in three years than Labour did in nine and he has continued the pace in his second term.
“Sometimes when I’m certain I begin to wonder,” she said.
“Wonder what?” he asked.
“About the wonder of certainty and the certainty of wonder,” she said.
1560 The Treaty of Berwick, which expelled the French from Scotland, was signed by England and the Congregation of Scotland.
1594 Henry IV was crowned King of France.
1797 The Bank of England issued the first one-pound and two-pound notes.
1807 Henry Wadsworth Longfellow, American poet, was born (d. 1882).
1812 Poet Lord Byron gave his first address as a member of the House of Lords, in defense of Luddite violence against Industrialism in his home county of Nottinghamshire.
1844 The Dominican Republic gained independence from Haiti.
1900 British military leaders received an unconditional notice of surrender from Boer General Piet Cronje at the Battle of Paardeberg.
1900 The British Labour Party was founded.
1902 John Steinbeck, American writer, Nobel laureate, was born (d. 1968).
1912 Lawrence Durrell, British writer, was born (d. 1990).
1921 The International Working Union of Socialist Parties was founded in Vienna.
1922 A challenge to the Nineteenth Amendment to the United States Constitution, allowing women the right to vote, was rebuffed by the Supreme Court of the United States in Leser v. Garnett.
1930 Joanne Woodward, American actress, was born.
1932 Elizabeth Taylor, British-American actress, was born (d.2011).
1933 Reichstag fire: Germany’s parliament building in Berlin was set on fire.
1934 Ralph Nader, American author, activist and political figure, was born.
1939 The U.S. Supreme Court ruled that sit-down strikes violated property owners’ rights and were therefore illegal.
1943 The Smith Mine #3 in Bearcreek, Montana, exploded, killing 74 men.
1943 – The Rosenstrasse protest started in Berlin.
1945 Lebanon declared Independence.
1951 The Twenty-second Amendment to the United States Constitution, limiting Presidents to two terms, was ratified.
1951 Troops were sent on to Wellington and Auckland wharves to load and unload ships during the waterfront dispute.
1961 The first congress of the Spanish Trade Union Organisation was inaugurated.
1964 The government of Italy asked for help to keep the Leaning Tower of Pisa from toppling over.
1967 Dominica gained independence from the United Kingdom.
1974 – People magazine was published for the first time.
1986 The United States Senate allowed its debates to be televised on a trial basis.
1989 Venezuela was rocked by the Caracazo riots.
1991 Gulf War: U.S. President George H. W. Bush announced that “Kuwait is liberated”.
1999 Olusegun Obasanjo became Nigeria‘s first elected president since mid-1983.
2002 Ryanair Flight 296 caught fire at London Stansted Airport.
2002 – Godhra train burning: a Muslim mob killed 59 Hindu pilgrims returning from Ayodhya;
2003 Rowan Williams was enthroned as the 104th Archbishop of Canterbury.
2007 – The Chinese Correction: the Shanghai Stock Exchange fell 9%, the largest drop in 10 years.
2010 – Central Chile was struck by an 8.8 magnitude earthquake.
Sourced from NZ History Online & Wikipedia
Diriment – causing to become wholly void; invalidating; nullifying.
Japanese research shows that brain’s reaction times are up to 10% faster when people chew.
“Our results suggest that chewing induced an increase in the arousal level and alertness in addition to an effect on motor control and, as a consequence, these effects could lead to improvements in cognitive performance,” researchers at the National Institute of Radiological Sciences say.
This is bad news for people who are regarded as too slow to chew and walk at the same time.
The NBR provides another argument in favour of the sale of State Owned Assets.
Like other state-owned enterprises under the former Labour government, Solid Energy was encouraged to diversify its core business and take advantage of subsidies encouraging investment in renewable resources and technologies.
To try to put the blame for the company’s plight on National and its assets sales programme is turning reality on its head.
The same goes for Meridian and Mighty River Power having to sell out of similar forays after closer inspection by the Treasury and other as part of the government’s selldown policy.
That has included MRP withdrawing from a project in the US that was driven by government renewable energy subsidies there. . .
Meridian’s decision to withdraw from the Project Hayes wind farm also looked like a proposal driven by politics that didn’t stand up to financial scrutiny.
One good reason for partial privatisation is more financial rigor in the management of these companies.
United Nations pest control staff are denying reports of a rat infestation.
“We heard rumours last week of a sinking ship and the possibility rats would be leaving it but we have no reasons to believe that poses any danger to us.
“Our intelligence noted the ship appeared to be rudderless and having trouble with navigation. There were also reports of intense debate among the crew about whether to go to port or starboard.
“Then we heard yesterday there’d been a rearrangement of deck chairs which further threatens its stability.
“However, a former captain of the vessel who works for us tells us none of this is unusual and it’s time to move on.”
“You know how people say if you’re bored you’re boring?”
“Yes, it’s supposed to make you realise you’re responsible for your feelings.”
“Hmm. I think there should be an exception for anyone who has to sit through someone reading last year’s AGM minutes.”