Cornucopia – horn of plenty; goat’s horn overflowing with fruit, flowers, and grain, signifying prosperity and nourishment; ornamental container shaped like such a horn; overflowing supply; abundance.
ANZCO loss at $26.5m – Alan WIlliams:
ANZCO Foods made a pre-tax loss of $25.6 million in the year ended September 30, 2012.
The year was the toughest the meat processor and marketer has had, managing director Mark Clarkson said.
ANZCO maintained its revenue at about $1.2 billion and importantly also achieved positive operating cash flow of $35.2m, after focusing strongly on managing working capital when it realised early in the year trading would be difficult.
The level of receivables and inventories were lower than at the end of the modestly profitable 2011 year, when the operating cash outflow was $22.4m. . .
Adveco see ‘huge potential’ in China – Sally Rae:
A shipment of fertiliser manufactured in Mosgiel from raw materials mined in Otago and recently dispatched to China has been hailed as having ”huge potential” for future export opportunities.
Mining company Featherston Resources Ltd, which has more than 3000sq km of permits in Otago, produces carbon and silica based fertilisers and Enzorb spill control products. . .
Clinton manager to represent Otago – Sally Rae:
Clinton herd manager Ben Sanders will be Otago’s sole representative at the New Zealand Dairy Industry Awards in Wellington next month.Mr Sanders (25) won the Otago dairy trainee of the year title at the Otago Dairy Industry Awards dinner in Balclutha on Saturday night.
A lack of entries in the regional competition forced a revamp of the contest format, and only the dairy trainee winner has progressed to the national final. . .
Methven farmers Craige and Roz Mackenzie have been recognised for their water efficient practices at the recent Canterbury Regional Ballance Farm Environment Awards.
The couple were presented on March 21 with the Environment Canterbury Water Efficiency Award by Environment Canterbury Chair Dame Margaret Bazley at an event in Christchurch.
The award recognised the couple’s excellent use of technology to ensure crops’ specific water requirements are met. . .
A national forestry initiative with roots in Marlborough has again been successful in its bid to the Sustainable Farming Fund.
The New Zealand Dryland Forests Initiative (NZDFI), which is establishing forests of genetically improved durable eucalypts in New Zealand’s driest regions, will get $216,000 of SFF funding towards a three year programme worth over half a million dollars.
Project manager Paul Millen said the “fantastic” news would see the five-year old initiative extended to new landowners and regions, with a focus on species specific management of the existing and new blocks. . .
Minister for Racing Nathan Guy is calling for nominations for independent Chair of the New Zealand Racing Board.
“This is an important position as the head of the governing body for racing in New Zealand,” says Mr Guy.
“The New Zealand Racing Board is responsible for the promotion, organisation and development of the racing industry, and also provides racing and sports betting services through the TAB. . .
And with a hat tip to Whaleoil:
My favourite meal of the week when I was growing up was Sunday dinner.
Mum would put the roast in the oven and ice cream in the freezer before we went to church.
We’d come home to the delights of roast mutton and potatoes, accompanied by mint sauce, gravy (made the proper way in the roasting dish) and, in winter, swede.
The delights of swede escape many people further north. That could be because, like stone fruit, swedes need good frosts to enhance their sweetness.
To my farmer’s regret we rarely have roasts and I can’t remember the last time I cooked swede.
But reading swedes sales grow full-blown business has reminded my taste buds of those long ago dinners.
It’s too early yet, but when we’ve had a few frosts I”ll be hoping the stock won’t mind if a few swedes make their way from the paddock to my pot.
We had a weekend in Wanaka and waking yesterday to a light frost feeling like it was 7ish when it was only 6ish was blissful.
That feeling of being ahead of myself persisted all day. If the past is any guide the feeling and the extra productivity that comes with it will continue for the rest of the week until my body adjusts to the clock again.
I wont’ go as far as to say I like daylight saving, and I definitely am unmoved in my view that it starts too early and finishes too late.
But the feeling for the few days which follow putting the clocks back to standard time is some compensation.
The introduction of daylight saving when clocks go forward an hour makes me feel jet lagged without having had a holiday.
The week after the clocks go back, I feel as if I’d had a holiday without having jet lag.
Anyone tuning into Q+A yesterday in the hope of finding a good reason to vote for Labour would do would have been disappointed after listening to David Shearer.
” Well, what we had been saying before is a whole programme of economic development, capital gains tax, and in the short term-
. . . Well, what I’m saying is that what we need to do is to grow the economy in a way that it’s not growing at the moment, and we’ll be talking about Tiwai Point in a little while…one of the big problems about – no, no, let me finish – one of the biggest problems about that is that the exchange rate is so low that we’re seeing many of our businesses actually going out of business because they’re not being able to succeed. We’re not putting our money in the profitable sector; it’s going into the property market because we don’t have a capital gains tax that will help us direct money into those areas. And if you’re wanting to raise money, then at least put money into businesses- invest in businesses through the incentives of capital gains, and that brings, obviously, money into the government as well.
The low exchange rate was a slip of the tongue. The capital gains tax wasn’t and increasing tax is not going to help economic growth.
Wood’s final question was was what Labour would do for a 26 year-old woman living in Auckland earning $65,000 a year, paying off a student loan and renting.
To which he replied:
Well, two things – first of all, we would have a healthy home guarantee to make sure that where she’s living, in the rental accommodation that she’s living in, is actually up to scratch; it’s both heated and it’s insulated. The second thing that we would do is we’re building 10,000 houses, affordable homes, a year, and that would enable her to have an opportunity to get on to the housing ladder. So there are two specific things that I believe that would help that case.
That’s at best underwhelming and would be even less attractive with a capital gains tax which has done nothing to stop house prices rising steeply anywhere else.
Quote of the day:
SUSAN So you’re not a rich prick?
DAVID I’m- Obviously, as a New Zealander, I’m fortunate, but I’m not in the same league as our prime minster, no.
That comes from David Shearer on Q+A yesterday.
Not in the same league as the Prime Minister, David Shearer isn’t in the same league as John Key, and not just in terms of personal wealth.