Better returns trump loyalty – Hugh Stringleman:
Fonterra must put more effort into understanding why it is losing market share and therefore its shareholder capital is being diluted, major supplier Trevor Hamilton says.
Family-owned TH Enterprises (THE), which has 10 big dairy farms in the North and South Islands, has “driven a bus through Trading Among Farmers (TAF)”.
Founder and chief executive Hamilton said THE directors, including two independents, had exposed the weaknesses of TAF by making perfectly reasonable and sound business decisions over the past 30 months to cash in shares, to buy more farms and divert half of the milk supply to other processors. . .
TAF delivers what it promised – Hugh Stringleman:
Trading Among Farmers (TAF) has delivered what farmer-shareholders wanted in the way of more flexibility as well as capital security for Fonterra, equity analysts have said.
The 2012 restructure created a new generation of hybrid co-operative in which farmers were able to sell the economic rights of supply shares into the Fonterra Shareholders’ Fund (FSF) but retain co-operative control and voting rights.
The fund had grown to $713 million at the interim balance date January 31 with the economic rights of just under 122m shares. . .
Sheep numbers down but productivity up – Jamie Mackay:
News last week our national sheep flock had dropped below 30 million for the first time since 1943 probably surprised no one but, regardless, it’s a damning and telling statistic for a once all-conquering industry.
When I was a kid growing up on a Southland sheep farm, two things stuck in my head from my final year of primary schooling in 1972. . .
Apple harvest appears positive – Alan Williams:
Scales Corporation subsidiary Mr Apple is busy packing this season’s apple crop and isn’t expecting a dramatic impact on yields from hail in Hawke’s Bay earlier this year.
The harvest was due to finish about now but packing operations would continue through to the end of June, Scales managing director Andy Borland said.
The incidence of hail damage would be revealed during the packing process. Borland estimated a “bit of an impact” but many of the orchards avoided the hail altogether, a benefit of the group strategy to spread the orchard across the fruit-growing region. . . .
New Zealand Young Farmers is providing an educational day for Canterbury teens wanting to learn more about stock judging and handling on Sunday 24 May at the Canterbury Agricultural Park.
Members of New Zealand Young Farmers High School Clubs, commonly known as TeenAg Clubs, in the Tasman region have been invited to take part in a hands-on, interactive one day program which aims to introduce students to a different aspect of the agriculture industry.
Students will participate in groups of twelve and move through modules as they would through a typical day of competition at an A & P Show; from prepping and handling through to judging and prize giving. Prizes will be awarded to the most engaged students. There will also be a clipping and shearing demonstration. . .
The visitor industry in the central north Island is set to surge once again with the introduction of the country’s first tandem RailBike experience.
Operating along what is arguably known as New Zealand’s most scenic decommissioned railway; Forgotten World Adventures has added the RailBike product to its already impressive list of seasonal rail based adventures using converted golf carts, also known as RailCarts.
Waikato Farmer and Forgotten World Adventures founder and Managing Director Ian Balme believes the introduction of the RailBike is a timely step for a business that has seen exponential growth since it was launched in 2012.
“This season we’ve provided over 6,000 clients with an outstanding experience through the historic Forgotten World and I am thrilled that we’re now in a position to build on our existing range of tours by introducing what will undoubtedly become a must-do kiwi adventure for groups of up to ten people” says Mr Balme. . .
1. Organic crops do not increase yield.
2. Organic crops increase pesticide use.
Organic herbicides only kill the plant tissue that it touches, requiring more to be sprayed, and more repeated spraying. Glyphosate, on the other hand, attacks a specific enzyme that is only found in plants. Farmers using glyphosate don’t need to cover all of the weed to kill it, and they don’t need to spray as often. . .
A new fund has been announced this morning to help regional South Island tourism operators capture the tsunami of opportunities from the growing China market.
The ‘New Horizons Fund’ is a regional economic development programme initiated by Christchurch Airport, as part of the “South” initiative, which sees all 15 South Island regional tourism organisations working collaboratively in tourist markets.
The programme kicks off with a budget of $100,000 and aims to support a minimum of two South Island tourism operators into the China market each year. . .