Debt puts pressure on large companies to achieve solution – Allan Barber:
If there was ever a compelling reason for the meat companies to sort out the problems of procurement competition and excess capacity, the debt levels on the balance sheets of the big three at the end of last season provide one.
Between them they stacked up combined current and non-current borrowings of $710 million, 45% of these on Silver Fern Farms’ books, 28% on Alliance’s and 27% on ANZCO’s. No wonder they can’t afford another loss-making year like 2011/12 which makes this year so important for getting back into as healthy a condition as possible.
The forecast livestock volumes, especially sheep and lambs, for the next four years place a great deal of pressure on the companies to find a solution urgently before procurement competition breaks out yet again. MPI’s Situation and Outlook Report which came out in June predicts a gradual recovery in values, but livestock numbers and export tonnages are virtually static or declining, because of the effects of the drought, herd and flock rebuilding and the impact of dairy on land use. . .
Ballance Agri-Nutrients shareholders are in line for a record rebate and dividend of $65/tonne, along with a recommended 60 cent increase in the value of their co-operative’s shares to $8.10.
The rebate averaging $60.83 per tonne and a fully imputed dividend of 10 cents per share will be paid out nearly six weeks earlier during mid-August, with Ballance Chairman David Graham saying the payment has been brought forward to reward shareholders and assist them with cash flows at the start of the season.
“The drought may be over but the financial impacts are not, so we are fast-tracking the payment for shareholders in recognition of that so they can gain the full benefits of a good year for their co-operative as quickly as possible.” . . .
With food being to New Zealand what ‘Silicon Valley’ is to the United States’ technology sector, Federated Farmers is backing AgResearch’s strategic move to create two major research campuses supplemented by two smaller ones.
“Federated Farmers is backing AgResearch in what is an important strategic move for it and New Zealand,” says Dr William Rolleston, Federated Farmers Vice-President.
“Its masterplan is about supporting primary exports to reach $64 billion by 2025.
“We cannot deny there is a human element to this change and while 40 positions are slated to go, the actual number will be low given this is a four- year transition. That said, it will require a number of staff and their families to consider where their long-term futures lie.
“Federated Farmers is encouraged to see that no staff will be required to relocate until 2016. . .
Reduce nitrate leaching with mobile milking system – Milking on the Moove:
Unconventional ways to reduce nitrate leaching
A few weeks ago I explained how agroforestry is a farming system that is able to reduce nitrate leaching.
Today I will talk about how a dairy farming system based around a mobile cowshed is able to reduce the level of nitrate leaching.
A traditional cowshed is in a fixed location. The cows have to be within walking distance of the cowshed because they need to get milked twice a day.
The main cause of nitrate leaching on dairy farms in the cows urine patch.
For this reason, the cows are always grazed on the same block of land surrounding the cowshed. . .
Moore Stephens Markhams Young Viticulturist of the Year Competition Friday 2 August 2013.
Hawke’s Bay is internationally renowned for its wine. The local wineries and winemakers are household names, with exceptional reputations in New Zealand and further afield.
Less well known, but just as crucial to the crafting of world-beating wine, are the viticulturists. They are intimately involved in all aspects of vineyard management; their extraordinary knowledge ensuring winemakers have the best possible grapes to work with after each harvest.
The region’s best up-and-coming viticulturists are being honoured on Friday 2 August at the Moore Stephens Markhams Young Viticulturist of the Year Competition. This is being held at Mission Estate – their viticulturist Caine Thompson took out the Hawke’s Bay competition in 2009. He went on to win the national awards, before being named New Zealand Young Horticulturist of the Year. . .
A new online system is being developed that might one day help kiwifruit growers make decisions on when to spray orchards for pests and diseases. The system is in the early stages of development in a joint project between the University of Waikato and Plant & Food Research (PFR).
The web-based tool is should help reduce time and costs associated with pest monitoring in kiwifruit orchards and spray application.
The current process of physically monitoring pest levels is time consuming, says University of Waikato summer research scholarship student Michael Fowke.
“Spraying is a necessary exercise for growers and a lot of time is spent trying to identify when or whether spraying is needed,” he says. “It will need a lot more testing in the field but potentially this system could cut that time down considerably.” . .
At a Hui an Iwi held at Matahiwi marae last night, Ngāti Kahungunu Iwi Incorporated was asked by several Heretaunga hapū to oppose the Ruataniwha Dam project on their behalf.
The main reasons given were inadequate consultation, selective information release, and the failure by the Hawke’s Bay Regional Council to recognize and acknowledge the Tino Rangatiratanga that hapū had exercised over rivers and water bodies from time immemorial. . .
Returning to the family farm five years ago was an in-the-deep-end experience for Waikato farmer James Bailey and his wife Ella.
‘Momona’, a 440ha (effective) Tirau sheep and beef farm, had been in the Bailey family for five generations, so James was eager to start off on the right foot. While he was mindful of the work performed by past generations, he was also keen to improve the environmental sustainability of the business.
James, a keen surfer, is co-founder of Sustainable Coastlines – an award-winning registered charity that organises coastal clean-ups, educational programmes and riparian plantings. . .