The fundamentals in the agri commodity markets appear more balanced through 2015. In their 2015 Outlook, the Rabobank Agri Commodities Markets Research (ACMR) analysts, expect narrower trading ranges for many commodities versus 2014. On the demand side, growth has slowed in recent years. However, lower price levels should now encourage consumption growth, which will support prices. Key variables to watch in the year ahead include US dollar strength, uncertain Chinese demand growth, slowing biofuel demand and oil price weakness.
Stefan Vogel, Global head of Rabobank (ACMR) said, “All in all, 2015 will be another interesting year for agri commodities. Macro drivers remain very much in play and price swings from supply and demand shocks are still likely, given that the stocks for most commodities are not yet at levels necessary to provide an adequate buffer.” . . .
(BusinessDesk) – New Zealand tractor sales hit their highest level in a decade in the third quarter as farmers benefiting from this year’s record milk payout and the high local currency bought new equipment.
Tractor registrations rose 8.8 percent to 925 in the three months through September, from the same quarter a year earlier, according to Land Transport Safety Authority figures published by Statistics NZ. The three-month period would have captured orders from the NZ National Agricultural Fieldays at Mystery Creek in Hamilton in June, helping tractor registrations rise to their highest since the December 2004 quarter when they reached 970.
Farmers have been increasing their spending on equipment such as tractors, farm bikes, milking machines, irrigators, ploughs and harvesters this year as cash flows were boosted by Fonterra Cooperative Group’s record payout to dairy farmers of $8.40 per kilogram of milk solids for the 2013/14 season. Also helping drive sales was the higher value of the local currency, with the kiwi touching a record 82.03 in July when measured against a basket of major currencies on a trade-weighted basis, reducing the price of imported farm machinery. . .
Winning the National Winner title in the 2013 Ballance Farm Environment Awards opened up a whole world of opportunity for Canterbury farmers Craige and Roz Mackenzie.
The Mackenzies handed over the Gordon Stephenson trophy to fellow Cantabrians Mark and Devon Slee in June 2014, but they are still as busy as ever.
Over the last 18-months they have hosted a string of national and international visitors on their intensive arable farm near Methven. As ambassadors for sustainable agriculture they have also travelled widely, spreading the sustainability message throughout New Zealand and overseas.
Earlier this year they toured Argentina, Chile and Uruguay, where they studied arable farming, dairying and beef production. A key aim of the trip, facilitated by the New Zealand Farm Environment Trust, was to exchange views on topics of crucial interest to New Zealand farmers and to showcase New Zealand’s stance on agricultural sustainability. . .
Shareholders who attended Synlait Milk’s Annual Meeting of Shareholders today were pleased with the company’s solid financial performance and continued progress in the 2014 financial year.
Managing Director Dr John Penno discussed the annual results and outlined the focus for the 2015 financial year (FY).
“We’re pleased that we delivered on the promises we made last year by meeting our prospective financial information (PFI) forecasts. Our $19.6 million net profit after tax (NPAT) was in line with our PFI forecast of $19.7 million, and that’s a good result for our shareholders,” said Dr Penno. . .
A budget for farm wages always worth the effort – Chris Lewis:
There has been a lot of comment in the media and by the trusty keyboard warriors on what farmers should be paying staff and whether they are paying enough.
This week we are going to show farmers one correct way of paying staff, but this is only an example. No one size fits all and you may need to make changes to suit your individual circumstances and employees.
Before you start to hire staff, do a staff budget like you do for feed budgets showing deficits and surplus’s each period. If your staff requirements are anything like mine you will have found a need to hire additional staff for spring to manage the additional workload and time off needed through calving. . .
New Zealand’s bee industry has appointed a consulting firm to advise the industry on how best to unify under one peak representative body.
To date the industry has been represented by several bodies and membership
organisations, a situation that is inefficient and that stifles industry development said Kim Singleton, Chair of the Interim Industry Working Group established to manage this project.
“This process is about exploring options that provide a more effective and better resourced industry organisation and to do that we need an outside look in. That’s why we’ve brought in a consultancy firm.” . .
A total of 539 entries have been received in the 2015 New Zealand Dairy Industry Awards, including the New Zealand Sharemilker/Equity Farmer of the Year, New Zealand Farm Manager of the Year and New Zealand Dairy Trainee of the Year competitions.
“It’s a great result and we are really thrilled with the response,” national convenor Chris Keeping says. “Given the circumstances with a lower forecast milk payout, a challenging spring in some parts of the country and a change to the timing of entries being accepted we are really pleased.
“The numbers ensure strong competitions will run in each of our 11 regions and that is great for the entrants, for the competitions and for us as organisers of the awards.” . .