Landcorp Farming has recorded operating revenue of $109.8 million for the six months to 31 December 2014 and a net operating profit of $1 million.
Landcorp Chief Executive, Steven Carden, said the first six months had been challenging and Landcorp is reviewing its full year profit forecast of between $1 -$6 million.
“A result like this will come as no surprise given the milk price and drought challenges. However we have cushioned the impact of these external factors by anticipating them early. One example is our support of the Fonterra Guaranteed Milk Price Scheme and another is our proactive livestock management around the country ahead of the drought.
“The fall in milk prices has significantly impacted our revenue, although we remain on track for a modest profit. . .
Responsible access theme of commission – Mark Neeson:
With summer here and New Zealanders embarking on their annual migration to the outdoors, it is an ideal time to reflect on the widespread access so many of us enjoy to our country’s lakes, beaches, rivers and mountains.
The outdoors provides opportunities to explore new places, and experience solitude, challenge, adventure, and a different perspective on life.
It is this image of New Zealand that is celebrated and promoted around the world, helping to create a thriving tourist industry. . .
Storm damages crops – Leith Huffadine:
A Dumbarton fruitgrower says a storm on Sunday afternoon has ”written off” most of the crops on his property.
The man, who did not want to be named, said his corn, pumpkins and peaches had been damaged in the downpour, which was localised to Dumbarton, between Roxburgh and Ettrick, and some surrounding areas.
”There might be a wee bit left but not much. [There’s] nothing there of any value.” . . .
Family affair keeps family farming dream alive – Sonita Chandar:
The dreams of a Taranaki farmer have become reality although he did not live to see them to fruition.
Duncan and Fiona Corrigan planned to expand their Hawera farm but when Duncan died in October 2012 his family continued what he started.
Josh, 22, the second eldest of 10 children, put his career on hold and took on the challenge of managing it. . .
US fans raise their glasses to Kiwi wine – Gerard Hutching:
The United States is likely to become New Zealand’s leading wine destination this year.
Although more litres were shipped to Britain last year, the US is tipped to soon overtake that amount.
In terms of value, Australia is just ahead of the US, but that should also change this year.
For the year ended November 2014, wine exports to the US were worth $348 million, to Australia $360m and Britain $332m. . .
More than 350 merino sheep from Bendigo and Mt Nicholas stations in downtown Queenstown to preview the #Hilux New Zealand Rural Games 2015.
The Farming Show added 3 new photos.
A great start to the Hilux New Zealand Rural Games as 350 merinos were herded through central Queenstown! Looking forward to all the rest of the events kicking off tomorrow morning from 8!