Dairy prices, lamb returns drive optimism – Dene Mackenzie:
Some encouraging signs have emerged from the latest ASB Farmshed Economics report with dairy markets moving back towards normal and lamb a quiet achiever.
ASB chief economist Nick Tuffley said dairy farmers had reined in production to better reflect current demand, reducing oversupply.
Dairy prices reflected the better balance. Overall prices had lifted more than 50% and whole milk prices more than 70% since August. However, supply and prices still had more work to do. . .
Prestigious Nuffield scholars for 2016 named – Gerard Hutching:
Four young primary sector leaders have been awarded prestigious Nuffield scholarships.
In the 60 years since the scholarship programme began, more than 140 New Zealanders have been handed the opportunity to travel and study at first-hand the latest international primary sector developments.
The scholars for 2016 are Wellington-based government agriculture development manager Jessica Bensemann, Te Puke dairy farmer Richard Fowler, environmental management adviser turned Central Hawke’s Bay shepherd Samuel Lang and orchard and sheep and beef farm owner Tom Skerman, from Hastings. . .
Fonterra reaped 25% gain from Bega shares driven to record by Blackmores tie-up – Jonathan Underhill:
(BusinessDesk) – Fonterra Cooperative Group reaped a 25 percent gross gain on its two-year investment in Australia’s Bega Cheese shares, which jumped to a record last week after announcing a partnership with Blackmores that will compete with the New Zealand dairy exporter in China’s infant formula market.
Fonterra spent about A$60.7 million to build a 9 percent stake in Bega in November 2013, which it sold last week for A$74 million. It also received about A$1.6 million of dividends. Fonterra is in the process of transforming its Australian business, having taken a $108 million writedown of its yoghurt and dairy desserts assets across the Tasman in 2015. The gain on the Bega shares compares to a 5 percent return on capital from its Oceania consumer and food service business in 2015.
The sale wouldn’t affect Fonterra’s commercial relationship with Bega, which includes a licence on the Bega brand and a supply contract for cheese, said chief financial officer Lukas Paravicini. The sale was the best use of the capital, he said. . . .
Kiwi ingenuity is alive and well and at its cutting edge best in the local horticultural industry as some startlingly innovative ideas – featuring everything from apps to drones – have begun to emerge from the innovation leg of this year’s Young Horticulturist of the Year Competition’.
The finalists, five young men and one woman, come from all over New Zealand – all winners of their individual sector competitions – and are going head to head to decide who will be named ‘Young Horticulturist of the Year 2015’ after the grand final, which is held over the two days of November 11 and 12 at the Auckland Botanic Gardens in Manurewa. . . .
Voting is now open for the 2015 Fonterra Board of Directors’ Elections and the Shareholders’ Councillor Elections in four wards.
This year there are six candidates standing for the Board of Directors. They are Murray Beach, Greg Maughan, Blue Read, Nicola Shadbolt, Ashley Waugh and John Wilson.
Fonterra shareholders have the opportunity to meet and ask questions of the Director candidates at the eleven Directors’ Election Candidate Roadshow meetings which run from Sunday, 8 November to Friday, 13 November 2015. . . .
Bay of Plenty Kiwifruit management company, DMS, has announced it has increased its shareholder rebate for the 2015/2016 year by 10 cents to 30 cents for Grower shareholders, an increase that is attributed to increased profitability of the business.
DMS is a Bay of Plenty owned and operated orchard management and post-harvest operator, with two major packhouse sites in Te Puke and Te Puna.
DMS Director, Craig Greenlees, says the rebate increase demonstrates the recent growth enjoyed by DMS, plus implementing strategies that focuses on fruit quality from orchard management to packing. . .
Conservation Week 2015 is a chance to get active outdoors and look after New Zealand’s natural world, Conservation Minister Maggie Barry says.
“The theme for 2015 is ‘Healthy Nature, Healthy People’ and it’s about the link between looking after our special natural places and the tangible health benefits you can enjoy from experiencing them.”
“We want New Zealanders to get out into our conservation land, whether it’s for exercise, relaxation, getting away from it all or helping out with one of the hundreds of different groups doing great work to protect our natural heritage.” . . .