Rural round-up

Private Investors announced for Ruataniwha Water Storage Scheme:

Two well-known New Zealand companies have signalled their intention to potentially invest in the Ruataniwha Water Storage Scheme in Hawke’s Bay.

TrustPower Limited and Ngāi Tahu Holdings Corporation Limited (NTHC) have each signed a Memorandum of Understanding with Hawke’s Bay Regional Investment Company Limited (HBRIC Ltd) to potentially invest in the Ruataniwha Water Storage Scheme in Hawke’s Bay.  HBRIC Ltd is Hawke’s Bay Regional Council’s investment company and lead entity for the Ruataniwha Water Storage Scheme which, if approved, has the potential to improve the water quality and quantity in the Tukituki River and reliably irrigate up to 30,000 hectares of land. 

All parties emphasise their commitment to deliver the best possible outcomes for the Hawke’s Bay region, across environmental, social, cultural and economic values.  Today’s announcement comes after significant combined investigations by the two potential investors with HBRIC Ltd. . .

Putting NZ dairy innovation on the world stage:

New Zealand-owned dairy technology innovator, Waikato Milking Systems, will showcase its expertise in large-scale, high-volume milking systems at the World Dairy Expo in the United States.

The 100% New Zealand-owned and operated company will display a selection of its products at the show, including products specifically designed for high-producing, 24-hour dairy operations. The international show is in Madison, Wisconsin from October 1 to 5.

“The World Dairy Expo attracts leading dairy operators from all over the globe. It is a great opportunity to put New Zealand dairy innovation and technology on the world map,” Waikato Milking Systems Chief Executive Dean Bell says. “Our rotary milking systems are known for being reliable and robust with very little maintenance required – ideal for withstanding the rigours of 24 hour milking.” . . .

Central Otago country hotel wins accolade at national hospitality awards:

A Central Otago country hotel has taken out one of the top accolades at this year’s Hospitality New Zealand Awards for Excellence. Chatto Creek Tavern near Alexandra won the Best Country Hotel title.

The Hospitality New Zealand Awards for Excellence were announced in Queenstown last night. The Supreme Champion award was presented to The Batch Café in Invercargill. Winners were announced in 16 categories and encompassed a vast geographic spread of hospitality businesses throughout the country. . .

DINZ keen to ensure that AgResearch’s Future Footprint delivers for deer industry:

Deer Industry New Zealand (DINZ) is looking forward to working with AgResearch in the implementation of its Future Footprint plan, which AgResearch announced yesterday it would proceed with.

DINZ Deputy Chair, Jerry Bell, said today that “there has certainly been concern in our industry about the impact of the Future Footprint plan on deer research. Industry representatives have sought assurances that deer research will be not diminished and have received a strong commitment from AgResearch to our on-going deer research programme”.

“People at the Invermay campus have been absolutely critical in the success of our industry, but the reality is that deer research has been contributed to from a range of campuses for some time now. What’s of greatest importance is the quality of, and the investment in those people, not necessarily where they are”. . .

Top 40 Cooperatives And Mutuals Top $41Bn Revenue:

The 2013 New Zealand Cooperative and Mutual Top 40 list was launched by Minister of Commerce Craig Foss at the Cooperative Business New Zealand annual meeting in Wellington on 17th September.

Showing a combined annual revenue of $41,129,034,964 for the year 2011-12, the Top 40 cooperatives in New Zealand ranged from Fonterra Cooperative Group and Foodstuffs at the top through Southern Cross Healthcare Society and Mitre10 to Ashburton Trading Society, the Dairy Goat Cooperative and World Travellers, with the NZ Honey Producers Cooperative coming in at #40.

“I think it is important that New Zealanders sit up and take notice of cooperatives; they help drive the economy, respond to social change and create jobs in a variety of sectors. While they may often be low profile, they are significant economic actors,” said Minister Foss. . .

Progressive Enterprises confirms no sulphites in fresh meat:

Progressive Enterprises does not add sulphites to its fresh meat and the recent samples taken by the Ministry for Primary Industries, which showed positive results for sulphites, were not from any Countdown, SuperValue or FreshChoice supermarket. 

Progressive Enterprises is disappointed that media coverage of the MPI testing has provided an inaccurate and misleading impression that samples which tested positive for sulphites were found in major supermarkets. . .

Fonterra Farewells

Fonterra Co-operative Limited today farewelled its former Chief Financial Officer Jonathan Mason who retires from the Co-operative at the end of this week.

Fonterra Chief Executive Theo Spierings said Mr Mason would leave behind an invaluable legacy: “Jonathan joined us in 2009, in the midst of the global financial crisis. He led our finance team through those difficult times, and the Co-operative emerged from the crisis in a strong position. He then helped to deliver our new capital structure with the successful implementation of Trading Among Farmers.

“During his time here, Jonathan has also dedicated himself to building and strengthening our finance function and team. . .

Former CFO:

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