Word of the day

September 5, 2014

Howff – a favourite meeting place or haunt, especially a pub; an abode; a familiar shelter or resort.


How’s your temper?

September 5, 2014

How’s your temper?

Cool

You have a steady temperament. You’re assertive, not aggressive. You may be slow to anger but you do get angry now and then. And, unlike a lot of people’s, your temper can actually spur you to take useful and necessary action. But you’re never out of control.

Well I wouldn’t go so far as to say never out of control, but I’m working on hardly ever.


Rural round-up

September 5, 2014

New forestry body provides unity – Alan Williams:

The linking of the forest products processing and manufacturing sector in one industry organisation should set it up to be internationally competitive, the group says.

It would also allow the Government to see the sector as a major industry entity, in the same way it sees Fonterra in the dairy sector, Wood Processing and Manufacturing Association (WPMA) chief executive Jon Tanner said.

The new association was launched officially in Wellington last week but has been operating for a couple of months. 

It links the entire processing supply chain outside the forest boundary – businesses involved in pulp and paper, packaging, solid wood, engineered wood, and a lot else, including the Frame and Truss Manufacturers Association, which will continue as a separate entity within the overall umbrella. . . .

A2 cornerstone shareholder Freedom Foods buys $589k of shares after dilution – Paul McBeth:

 (BusinessDesk) – ASX-listed Freedom Foods Group bought almost one million shares of A2 Milk Co this week for about $589,000 after its stake was diluted in the past year due to the issue of partly-paid shares.

The Sydney-based food company bought 942,500 shares in four transactions in A2 this week at an average price of about 62.5 cents, according to a substantial shareholder notice filed to the NZX. Freedom Foods holds about 117.9 million shares, or 17.9 percent of A2, leaving it as the biggest shareholder in the milk marketing company.

Because A2 issued partly-paid shares to executives earlier this year, Freedom Foods’ stake was diluted down from 18.1 percent when it made its last disclosure in December 2012. . . .

Venison prices on the move:

European market prices for chilled New Zealand venison are reported to be up about 5 per cent on last year, with exporters hopeful of reduced competition from European game meat supplies. But prices to farmers are currently being held back by a stronger New Zealand dollar.

Venison exporters have recently indicated they see the venison schedule potentially reaching $8/kg for 55-60 kg AP stags. This would be similar to the 2012 national average published schedule peak of $7.95/kg and much better than last year’s peak of $7.40/kg.

The main factor restraining prices to farmers at this point in the traditional chilled game meat season is currency, with the Kiwi dollar 8.4% stronger against the Euro than at the same time last year. This is reflected in an average schedule that is 7% weaker. . . .

Look for rooks :

 Thousands of eyes on the ground are needed to help Otago Regional Council (ORC) eliminate rooks.

Its rook control programme has begun and runs until November. The council is asking people to look out for rooks and their rookeries.

Anyone noticing rooks in Otago can call Malcolm Allan on 027 278 8498, or ORC on 0800 474 082 or email info@orc.govt.nz

At their peak there were several thousand nesting rooks in Otago but their numbers have been drastically reduced through the council’s control programmes.

Rooks, part of the crow and raven family, are larger than magpies and totally black. . . .

New Ballance director brings new dimension:

Ballance Agri-Nutrients has appointed Genesis Energy Chief Executive Albert Brantley as a new independent director to its board.

The farm nutrient co-operative reconfigured its board in 2012 to include three appointed directors to work alongside six regional directors elected by its farmer shareholders.

Ballance Chairman David Peacocke says independent directors are crucial to the governance of the co-operative with its turnover of close to $1 billion and profits of $90 million.

“We have come a long way from being a simple fertiliser company. We have divisions including complex fertiliser and feed manufacturing, we are developing leading edge farm technology and we are an integral part of the agricultural sector which drives our economy. A combination of farmer directors and appointed directors ensure we have the balance of skills, experience and perspectives for good governance. We take our commitment to performing consistently for our farmer shareholders seriously, and having strong governance is an essential component of this.” . . .

 

 New Zealand Avocado Launches New Campaign at Asia’s Largest Fresh Produce Trade Show:

 New Zealand’s avocado industry will launch its new export market promotional material at Asia’s leading fresh fruit and vegetable trade show Asia Fruit Logistica (AFL) this week in Hong Kong.
Jen Scoular, Chief Executive of New Zealand Avocado, says the new marketing collateral positions New Zealand avocado as a premium product promoting quality, safety and health.

“The unique property of New Zealand grown avocados that we will promote in Asia is time. New Zealand grown avocados hang on the tree for much longer than in other producing countries – at least a year, during this time they are fed by the generous rainfall and sunshine all the while being nurtured by our dedicated growers,” says Scoular. . . .


Friday’s answers

September 5, 2014

Thursday’s questions were:

1. Who said: The one pervading evil of democracy is the tyranny of the majority, or rather of that party, not always the majority, that succeeds, by force or fraud, in carrying elections.?

2. In what year did women in New Zealand gain the right to vote?

3.  In which year did New Zealand first vote under MMP?

4.  Name two of New Zealand’s three longest serving Prime Ministers/Premiers.

5. How many years should each of our parliamentary terms be?

Points for answers:

Rob got four right.

Andrei wins an electronic chocolate cake with five right (though Clark wasn’t right you needed to give only two for #4 and the other two you gave were right).

Gravedodger also got 4, and was right to remove Burke but that still left Mills who wasn’t the one who said it.

Alwyn also gets an electronic chocolate cake for five right; and a wry grin for the sigh.

J Bloggs got four.

 

Answers follow the break.

Read the rest of this entry »


National working for and in the south # 16

September 5, 2014

Fantastic Fact # 16:


Foreign ownership boosts wages:

September 5, 2014

Trans Tasman on foreign ownership:

The proposed sale of the 13,800ha Lochinver Station, near Taupo to Shanghai Pengxin, which bought the Crafar Farms in a joint venture with Landcorp, reignited the political debate about foreign investment and purchases of Kiwi land. Labour has promised to block the sale if it is not approved before the September 20 election and stop land sales over 5ha except in rare circumstances. Finance spokesman David Parker says land sales to foreigners do not increase output and do not release capital to be reinvested by the NZ owner to create new jobs. Finance Minister Bill English, however, reckons the Govt has struck the right balance between attracting foreign investment and tightening the rules for overseas investment in sensitive land.
Public Disquiet. Chinese investors have been making other investments in the farm sector: they have a minority stake in Blue Sky Meats and the Overseas Investment Office is considering an application to buy Prime Range Meats. Farm leaders have become disquieted. Federated Farmers supports positive overseas investment in NZ’s farming system but is concerned there would be little benefit to NZ if the Lochinver deal is clinched. President William Rolleston says “NZ absolutely needs foreign investment” but only if it benefits the local and national economy. He wants a “substantial and identifiable” benefit test incorporated in overseas investment eligibility criteria. Public opinion survey results this week suggest a majority of voters similarly approve of farm sales to foreigners only when it brings a significant advantage over an NZ buyer such as jobs. Almost 33% want farm sales to foreigners banned.

National raised the already high hurdle foreign buyers have to jump before a purchase is approved and benefits above and beyond those sales to domestic buyers would provide is one of the criteria.

 Better For Workers. An upcoming working paper by Motu Economic and Public Policy Research economists throws some light on the economics by examining how employment in foreign-owned firms affects NZ workers’ earnings. Using data from Statistics NZ’s Integrated Data Infrastructure, which tracks workers as they move between firms, the researchers found workers in foreign firms tend to receive, on average, around 14% higher monthly starting earnings than workers in domestically-owned firms. Compositional differences are the main explanation: foreign firms tend to be bigger and employ workers who would have received relatively high wages regardless of where they worked. The authors also found under-25 year olds get greater gains from joining a foreign firm and smaller losses on exit than older groups, while more highly skilled workers attract a stronger wage premium while working in the foreign-firm sector. In short, foreign firms not only tend to hire more highly skilled workers; they also remunerate these workers more generously.

A very small percentage of land  – around 2% – is in foreign ownership now.

The problem is one of perception based on emotion taking no account of the facts and benefits which include better wages for staff employed by foreign owners.


Clear and simple

September 5, 2014

National will be announcing its economic policy next week.

When it does the leader and finance spokesman will understand it and agree on the details, which is more than Labour seems capable of.

But then in another contrast with Labour, National’s economic plan is clear, it’s simple and it’s working for New Zealand:

Join the team that's working >> http://nzyn.at/teamkey


%d bloggers like this: