Ealing Pastures sells for $64.49m – Annette Scott:
Mid Canterbury dairy property Ealing Pastures sold at auction today for almost $65 million.
The hammer went down on the property to a winning bid of $64.49m, made by Christchurch-based lawyer Mark Dineen, of Goodman Tavendale Reid Law.
It was not revealed at the auction who Dineen was operating for, but it is understood the family owns farming property in Mid Canterbury.
The under-bidder was Geoffrey Holman, of Pullington, a Western Australia-based investment vehicle owned by Holman and his wife Frances. . .
Thank you for the opportunity to address you all today.
The last few years have been some of the more challenging in New Zealand’s history. In the space of five short years we have endured the worst financial crisis since the Great Depression, the worst drought in 70 years, and of course the devastating series of earthquakes in the Canterbury region.
But we have largely weathered this storm, and while there will no doubt be further hurdles along the way, the future is looking bright for New Zealand.
This year, GDP growth is tracking at 3.5%; exports for the primary sector are $5 billion ahead of forecasts; and the Government is on track to reach a surplus next year.
I believe the leadership of Prime Minister John Key and Finance Minister Bill English has helped to steady the ship, and bring the economy on a path to recovery.
But it is the people sitting here in this room that have pushed New Zealand along the path of recovery – farmers from all over New Zealand. Whether it be sheep, beef, dairy, horticulture, or any other primary industries, it is thanks to farmers doing their job, and doing it well, that New Zealand’s future is looking bright. I want to personally acknowledge this contribution you all make to the New Zealand economy.
You don’t get thanked enough for doing the hard yards and producing our fine meat products that are showcased and consumed around the world.
Today I’d like to do three things. Firstly I’d like to briefly outline some of the things this government is doing to help farmers to continue to thrive. Secondly, I’d like to talk about my vision for the red meat sector. And finally I’d like to address the on-going discussions around the structure of the industry. . .
Food, cheap glorious food – Jacqueline Rowarth:
Forget the hype, food is as cheap as it ever was
Food is likely to increase in price this year. Not as much as salaries, fuel or electricity; probably not as much as housing. But a bit. This is the prediction by the US Department of Economics. The increase is due to the ongoing effects of the 2012 drought and the increased demand from Asia.
Each time prices rise there are complaints from society and farmers take the flack.
Statistics New Zealand released ‘New Zealand in Profile 2014’ last month and the news was full of ‘beer is more expensive but milk is cheaper’. Social media then filled with comments along the lines of ‘nonsense, it is more expensive than ever’… thereby resorting to perception rather than the facts. . . .
AsureQuality is pleased to announce the appointment of John McKay as its new Chief Executive Officer (CEO), commencing 3 June 2014.
John is an experienced international business leader who comes with proven experience in the food and dairy sectors and has a strong customer partnership approach.
He is currently CEO of Hansells Food Group where he runs a diverse and complex business including four manufacturing sites, and sales and distribution companies in New Zealand, Australia and the United Kingdom. . . .
The National Animal Welfare Advisory Committee (NAWAC) is seeking public consultation on proposed changes to the Animal Welfare (Dairy Cattle) Code of Welfare 2010.
NAWAC is proposing that blunt force trauma may not be used for the routine killing of unwanted dairy calves on the farm.
“We understand that people are concerned about farmers using blunt force trauma to kill young calves on the farm,” says Dr Karen Phillips, Deputy- Chair of NAWAC.
“The risks of incorrect use, coupled with the fact that there are alternatives that can be better for animal welfare, meant that it was time to consider changing the rules on this. . .
A project to train rural women in Fiji to make jewellery from ‘Mother of Pearl’ shells aims to not only help women earn a living, but also create more genuine Fiji made items for tourists.
The study of the pearl industry by the University of the South Pacific, with James Cook and Adelaide Universities, found that while pearls were making a lot of money, their shells were not being utilised.
It also found that most of what’s being sold to tourists in Fiji is imported from Asia, but is falsely being sold as made in Fiji. . . .
A little word play from Grammarly:
1. A bicycle can’t stand alone; it is two tired.
2. A will is a dead giveaway.
3. When a clock is hungry it goes back four seconds.
4. The guy who fell onto an upholstery machine was fully recovered.
5. You are stuck with your debt if you can’t budge it.
6. He broke into song because he couldn’t find the key.
7. A calendar’s days are numbered.
8. A boiled egg is hard to beat.
9. He had a photographic memory which was never developed.
10. Those who get too big for their britches will be exposed in the end.
11. When you’ve seen one shopping centre you’ve seen a mall.
12. If you jump off a Paris bridge, you are in Seine.
13. When she saw her first strands of grey hair, she thought she’d dye.
14. Acupuncture: a jab well done.
15. Marathon runners with bad shoes suffer the agony of de feet.
16. Tonto’s banker…the Loan Arranger.
17. If a skunk went to church, would it sit in its own pew?
Labour leader David Cunliffe gave a speech yesterday.
It had no new ideas, but repeated the old one of higher tax rates.
That’s a policy based on political ideology not economics.
It’s motivation is to punish the rich not help the poor.
Higher tax rates don’t necessarily equate to higher tax takes and usually do the opposite.
The only way businesses can afford to pay more tax is by diverting money from more productive areas.
More money taken from businesses in tax is less money they have for investments which will help them grow, enable them to employ more people and/or pay higher wages.
I’m in sunny Southland, about to head home to North Otago where the forecast is for fine weather for today too.
Further north it’s wetter, windier story.
Northland and Waikato have been desperate for rain, but Cyclone Lusi could bring too much of a good thing.
Cyclone Lusi is expected to continue moving south during Saturday, bringing widespread heavy rain and easterly gales to the North Island and the upper South Island. In the northeast of the North Island, the heaviest falls are expected about the Coromandel Peninsula and western Bay of Plenty, where 120 to 150mm could accumlate about the ranges during Saturday and into Sunday morning, with over 100mm expected about the eastern hills of Northland, the ranges of eastern Bay of Plenty and Gisborne, as well as the ranges of Hawkes Bay. Lusi is expected to cross the South Island during Sunday, then move away to the east.
For the upper South Island, Marlborough and Nelson look set to receive the most intense rainfall, with 170 to 200mm possible in the ranges of northwest Nelson and 120 to 150mm about the Kaikoura ranges from Saturday evening until late Sunday or early Monday.
Easterly gales will accompany the heavy rain, with severe gale gusts of 120km/h in exposed parts of Northland and Auckland, and 130km/h west of the Kaimai Range.
This will be a significant adverse weather event, affecting many parts of the country. The heavy rain is likely to cause slips and surface flooding, and the severe easterly gales could make driving hazardous, lift roofs, and bring down trees and powerlines. . .
Stuff reports the cyclone is lashing the North Island with worse to come.
MetService meteorologist Dan Corbett said parts of Northland had received 40 to 60 millimetres of rain overnight, with winds gusting up to 120kmh in Cape Reinga but there was still more to come.
“If this is like a football match, we’re not quite to halftime in Northern areas.”
The weather has also hit Auckland, with eastern areas getting wind gusts of up to 100kmh this morning, Corbett said.
He described it as a weather octopus, with layers of rain bands lashing northern areas.
“Think of it almost like an octopus flailing its legs.
“The first band of rain is down to Waikato, extending to Gisborne ranges.
“The second band of heavy persistent rain is now coming through Auckland and then the whole thing is spreading south.” . . .
An online weather map shows the cyclone’s movements in real time.
And (with a hat tip to StatsChat )the weather has inpsired some art:
Saturday’s soapbox is yours to use as you will – within the bounds of decency and absence of defamation. You’re welcome to look back or forward, discuss issues of the moment, to pontificate, ponder or point us to something of interest, to educate, elucidate or entertain, to muse, amuse or bemuse.