Basting a chop won’t make a steak – Chalkie:
Poor old Red Meat. There she is, best frock on, hair done, smiling with her eyes and showing a bit of leg, only to find that tarty dairy cow getting all the attention.
Dairy co-op Fonterra teased investors for years before finally letting them on to third base late last year, with explosive results. Units in its Shareholders Fund quickly shot up to well over $7 after being issued at $5.50 a mere two months ago.
Meat co-op Silver Fern Farms, on the other hand, is still working the street corner.
After a reform of its capital structure in 2009, ordinary shares in Silver Fern became tradeable by any Tom, Dick and Harry on the unlisted market, but they have not been pursued with any passion. . .
New Zealand beef, lamb and, most likely venison, are on the menu at the Lone Star’s first overseas restaurant in a top waterfront precinct in Singapore.
The meat, branded Pure South, is being supplied by meat processor and exporter Alliance Group to the Fern & Kiwi restaurant, an offshoot of the Lone Star bar and restaurant chain.
A New Zealand-themed menu was worked out by consultant chef Mathew Metcalfe, who has cooked for the late Steve Jobs and leading Hollywood figures.
The meat range will come from farms across the country and processed at Alliance’s Group’s eight plants. . .
Carter laments stubborn attitudes – Jon Morgan:
Outgoing Minister for Primary Industries David Carter reels off a long list of what he calls “a good number” of achievements during his four years in office, but at the end of it he has to admit to a few lows as well.
The intransigent wool and meat industries have both defeated him, as they have ministers before him.
It obviously frustrates him. He puts it down to warring personalities in leading roles and the farmers’ apathy that lets this continue. . .
NZ wool floors show crowds – Tim Cronshaw:
The reaction of customers to Wools of New Zealand’s (WNZ) carpet wool at the world’s largest flooring show has reinforced to its leaders they are on the right track with capital raising a minimum of $5 million.
A share offer to commercialise WNZ into a sales and marketing company was extended to February 25 after the capital raising reached more than $4.1m last year from 500-plus strong wool farmers committing 12 million kilograms of annual wool production.
WNZ chairman Mark Shadbolt said growing interest by spinners and manufacturers in WNZ carpet ranges at the world’s largest flooring trade show, Domotex, this month had been encouraging. The trade show was attended by 40,000-plus visitors. . .
Safety shake-up call – Gerald Piddock:
Farmers are going to have to make health and safety a normal part of running their business if the number of on-farm accidents is to be cut.
Some farmers struggle to give health and safety the same amount of attention as they do to stock health or pasture management, industry-good Farmsafe national manager Grant Hadfield says.
“It’s considered a bit of an ogre. It shouldn’t be because it’s pretty easy to put systems in place.” . . .
Plaudits for irrigation policy – Gerald Piddock:
The Government’s decision to become a minority investor in irrigation schemes will ensure those projects get off the ground, say farmers with close ties to irrigation schemes in South Canterbury.
The Government announced last week that it would establish a company to act as a bridging investor for regional water infrastructure development.
The yet-to-be-named company would take minority stakes in water projects with a long-term goal of getting out and leaving the projects to the private sector. . .
Submitters discuss Tarras irrigation scheme – Jessica Maddock:
There was passionate opposition to an Otago Regional Council proposal to invest in a $39 million Tarras irrigation scheme at a hearing yesterday, with submitters saying it would be using ratepayer money to benefit only a few.
The council is considering buying $3.5m of redeemable preference shares. It would also pay up to $500,000 annually for five years, toward the fixed costs.
Tarras Water is planning the scheme to benefit 40 families, by taking up to 73.6 million cubic metres a year from the Clutha River to irrigate about 6000 hectares.
Nearly 70 people lodged a submission on the investment proposal, with the majority in opposition.
Eleven submitters spoke at a hearing in Cromwell yesterday, before four council members. Eight opposed the proposal and three supported it. The first day of the two-day hearing was in Dunedin on Thursday. . .