Rural round-up

Still more milk than market – Rabobank’s latest dairy outlook:

A recovery in global dairy prices is still on the horizon, however burgeoning stocks have pushed out any sustained upturn in the market until the first-half of 2016, according to Rabobank’s latest Dairy Quarterly report.

The global outlook, released exclusively to Rabobank’s agribusiness clients earlier this week, reaffirms the bank’s position that a recovery phase is imminent, however it has pushed out the timeframe by at least three months. . .

 The good and bad of farming with lifestyle neighbours – Kate Taylor:

The views from Philip and Robyn Holt’s farm, Maraetara, are spectacular – across the Ahuriri estuary to Hawke Bay and Napier Hill.

They’re not the only ones to appreciate it though. When Philip was growing up the only neighbours were other farmers. Now houses dot the hillsides and Maraetara has boundaries with about 70 neighbours.

This growth of lifestyle blocks has negatives and positives, says Philip. . .

NZ beekeeper plans bee sanctuary on Niue – Cheryl Norrie:

When beekeeper Andy Cory went to Niue in 1999 in search of a honey business, he had to hack his way through a jungle to find a collection of beehives which had been abandoned 30 years previously.

He remembers finding 240 hives.

“They were all rotten and had fallen on their sides. The bees were still in them and they were fine.” . . .

Too little data to pinpoint cause of NZ beehive deaths – Suze Metherell:

(BusinessDesk) – The sudden and devastating demise of honey bee hives, known overseas as colony collapse disorder, may threaten New Zealand’s $5.1 billion apiculture industry, after thousands of colonies were lost over last spring.

North Island beekeepers spanning the Coromandel, Great Barrier, Wairarapa and Taranaki suffered significant losses with some reporting up to 95 percent of adult bees disappearing from hives. However, a lack of reporting to the Ministry for Primary Industries or the Environmental Protection Agency meant there was no certainty about whether the sudden collapses were linked, the New Zealand Apiculture Conference in Taupo heard. . .

Farm debt pressures being surveyed:

Lincoln University researchers want to know how farmers and their families are dealing with being in debt and the stress it can bring.

Bruce Greig, Dr Kevin Old and Dr Peter Nuthall, from the University’s Faculty of Agribusiness and Commerce, are conducting a nationwide survey investigating farm debt and the level of anxiety experienced by farmers who incur it.

Mr Greig says they want to discover how they manage debt as it is one of the many skills farmers require. . .

NZ lambskin, sheepskin face ‘lose-lose’ with over-supply, weak demand – Tina Morrison:

(BusinessDesk) – New Zealand exports of sheepskin and lambskin, at their lowest level in more than four years, are unlikely to recover any time soon as a glut of excess stock and weak demand weigh on prices.

The value of raw sheepskin and lambskin exports fell to $128.6 million in the year through April, the 15th straight decline in annual exports and the lowest level since January 2011, according to Statistics New Zealand data. The latest figures, for May, will be published on Friday. . .

 

Settlement reached over ASB rural interest rate swaps:

The Financial Markets Authority (FMA) has reached a settlement with ASB regarding the sale, promotion and marketing of interest rate swaps to some rural customers.

The Commerce Commission (the Commission) investigated ASB for the sale of interest swaps and reached a separate settlement with ASB in December 2014.

The FMA settlement was reached based on the conclusions from the Commission’s investigation and the FMA’s engagement with ASB in relation to its processes for selling and marketing interest rate swaps to rural customers. . .

 

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