Rural round-up

Agri-careers promoted – Sally Rae:

Agriculture is ”far more than milking cows and drafting sheep”.

That was the message from Jacqueline Rowarth, professor of agribusiness at Waikato University, to a group of Dunedin secondary school pupils last week.

”It’s everything that New Zealand does because New Zealand business is agribusiness … Our whole lifestyle is from what we export,” she said. . . .

Effluent making power, hot water :

Dairy effluent could be used as a source of heat and electricity on Southland dairy farms.

If trials are successful, the dairy farming waste product could become a valued resource in the future.

Monitoring at two farms in Dacre and Pukerau has shown that anaerobic digestion of dairy farm effluent in unheated effluent ponds, is consistently producing large volumes of methane, even during the cold conditions of the Southland winter. . .

Retiring Fonterra director looks for new challenges  – Gerald Piddock:

Jim van der Poel has lived and breathed Fonterra for more than a decade.

But after serving on the board of the country’s biggest company for 12 years, the Waikato farmer will step down as a director at Fonterra’s annual meeting in November.

A board member since 2002, van der Poel was immensely satisfied with the role he played in Fonterra’s development over the past decade. . .

No excuse now – Richard Rennie:

The right kit, the right market conditions, and high-quality supply mean there will be no excuses for Fonterra’s executive not to deliver higher dividends and milk prices to its shareholders.

Large-scale south Waikato farmer Ian Elliott believes that after last week’s $1.2 billion investment announcement into plant and Chinese market ventures, the company should be poised to achieve its full potential for New Zealand and farmer shareholders.

“Having investment into plants that can produce higher value products removes that last barrier to achieving the optimum returns for farmers,” Elliott said. . .

Time to leverage export dominance

Fonterra has given its value-creation wheel a strong crank by announcing more processing plant construction at home and a new joint venture with Beingmate, the No 1 infant formula company in China.

Its borrowing intentions of $1.2 billion will increase the debt:equity ratio to 45%.

At home it needs to expand peak processing capacity and avoid the constraints which cost farmers about $900 million last season in foregone revenue. . .

Council approves dam funds –

Hawke’s Bay Regional Council has approved an advance of $3.1 million to the Hawke’s Bay Regional Investment Company (HBRIC) to cover the period until financial close on the Ruataniwha Water Storage Scheme.

The decision was made in a public-excluded session of Wednesday’s council meeting and supported by all councillors present.

Given the lodging of appeals to the High Court on the proposal, financial close for the scheme will no longer occur by September 30, with the best estimate now March 31 next year.

All investment funds contributed by the council in this development phase are part of its overall financial contribution to the Ruataniwha Water Storage Scheme.  . . .

 

 

 

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