Fonterra Co-operative Group Limited has reduced its milk volume forecast for the 2014-15 season to 1,532 million kgMS, reflecting the impact of dry weather on production in recent weeks.
The new forecast is 3.3 per cent lower than the 1,584 million kgMS collected last season. The previous milk volume forecast, made in December last year, was 1,584 million kgMS.
Group Director Co-operative Affairs Miles Hurrell said daily milk production was now 6.1 per cent lower than at the same time last season, as farmers appear to be using more traditional practices to manage their farm businesses with the low payout forecast. . .
New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the rapidly weakening New Zealand dollar against the US and GBP aided by recent active customer buying activity saw the local prices lift in all areas.
Of the 21,600 bales on offer, 93.7 percent sold with mainly some Merino’s being held back.
The weighted indicator for the main trading currencies was down 2.28 percent accounting for most of the price gain in the carpet wool sector with sales/supply pressure pushing Lambs wool and Fine Crossbred’s higher. . .
(BusinessDesk) – Americans have been the biggest buyers of New Zealand land in the past five years although the Chinese topped the list in 2014 alone.
Figures released by Land Information New Zealand of approved investments since 2010 shows a breakdown of buyers by country and by industry. The figures come amid renewed concern over foreign buyers contributing to rising house prices, particularly in Auckland, and of increasing amounts of farmland heading into offshore hands.
Of the 646,190 hectares sold during the five years, Americans bought the most at 168,154 hectares. UK residents, who headed the list in 2010, came in second over the five-year period buying a total 66,932 hectares, followed by Israel on 52,325 hectares and Switzerland on 36,965.Chinese buyers came in fifth at 34,908 hectares, although they headed the list with 10,989 hectares bought in 2014, a big jump from just 53 hectares in 2010, and attracted the most criticism. . .
Science and Innovation Minister Steven Joyce today announced that Callaghan Innovation will invest almost $5 million over five years in a project that will expand New Zealand’s Food Innovation Network.
FoodSouth, a wholly-owned subsidiary of the Canterbury Development Corporation (CDC), will use the funding to build a food innovation centre and pilot production plant at Lincoln University to support South Island food and beverages businesses.
“The FoodSouth facility will provide South Island-based food and beverage companies with a one-stop-shop range of product development services, expertise, and equipment to help accelerate the development of innovative high-value products,” says Mr Joyce. . .
Primary Industries Minister Nathan Guy has welcomed approval for two exciting new programmes to join the Ministry for Primary Industries’ Primary Growth Partnership (PGP).
The first, ‘Passion2Profit’, aims to develop new markets for chilled venison and to help deer farmers to become more productive and profitable.
A total investment of $16 million has been secured for this project, with MPI contributing almost $7.4 million and the balance coming from Deer Industry New Zealand and its partners.
The other, ‘Targeting New Wealth with High Health’ looks to reach existing and emerging markets with a new class of premium lamb products with improved health qualities – including lower levels of saturated fat and higher levels of polyunsaturated fat and healthy omega-3 oils.
This is a seven year $25 million programme, with half the funding contributed by MPI. . .
Deer Industry New Zealand and the Ministry for Primary Industries (MPI) have today announced they will partner in a new Primary Growth Partnership (PGP) programme called Passion2Profit.
The $16 million, seven-year programme is intended to be a game-changer in the production and marketing of venison. It’s expected to deliver $56 million in extra revenues a year from the end of the programme, and reverse the ongoing decline in the size of the national deer herd.
A total investment of $16 million has been committed to Passion2Profit, with a $7.4 million contribution from the PGP over the life of the programme, and the balance coming from Deer Industry New Zealand and its commercial partners. . .
Enforcement action has been taken against eight employers in the Kiwifruit sector in the Opotiki area of the Bay of Plenty following an operation carried out last year by the Ministry of Business, Innovation and Employment (MBIE).
The Ministry’s Labour Inspectorate and Immigration New Zealand, together with Inland Revenue visited 29 businesses including orchards, pack houses and administrative offices to check their compliance with employment, immigration and tax laws. . .
Farmers contemplating a land use conversion to dairying can get a new online environmental ‘how to’ planning guide to help ensure any new farm meets the industry’s standards.
Responsible dairy conversions outlines farmer environmental responsibilities during the conversion process. It has been produced by industry body DairyNZ to help farmers understand what the requirements are for new dairy farms and what is expected under the industry’s commitments in the Sustainable Dairying: Water Accord.
“It is important to get the conversion process right from the start. Detailed planning will pay off,” says Dairy NZ’s environment manager Dr Mike Scarsbrook. “I recommend a three-step planning process for farmers. Take advice, talk to your regional council and talk to your prospective dairy company. These actions will stand you in good stead for the future,” he says. . . .
With winter approaching, Cardrona Alpine Resort have decided to lengthen their winter season and have invested heavily into improving the quality and number of groomed trails for all types of skiers and snowboarders.
Cardrona have extended their season by two weeks which gives the ski area the longest scheduled winter season in the South Island. Cardrona’s 2015 Opening Day will now be on June 13 and the final day of the season is scheduled for October 11. Dates are weather dependent and the first week of the season will see limited beginner’s terrain on offer with additional terrain opening as snowfall allows. . .