New Zealand’s agricultural sector is looking at mixed prospects in 2016, with dairy facing another difficult year but most other sectors expected to perform well, according to a new industry report.
In its Agribusiness Outlook 2016, global agricultural specialist Rabobank says dairy prices continue to be weighed down by strong supply growth, particularly out of Europe after the recent removal of quotas.
Releasing the report, Rabobank general manager Country Banking New Zealand Hayley Moynihan said the recovery in dairy prices now risks arriving too late to enable a confident start to the 2016/17 season. . .
Farmers in Marlborough are making the best of some of the toughest climatic conditions in a long time, Beef and Lamb New Zealand says.
The industry body’s northern South Island extension manager, Sarah O’Connell, said recent rain had lifted spirits in the region but had not broken the two-year drought.
The past two seasons were some of the hardest farmers have had, Ms O’Connell said. . .
(BusinessDesk) – Alliance Group, New Zealand’s second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements.
From Feb. 15, Alliance will withhold 50 cents per head for lamb, sheep and calves; $2 per head for deer; and $6 per head for cattle, it said in a letter to shareholders. The payments will go towards additional shares in the cooperative and will only apply to farmers who have fewer shares than required, it said.
Alliance is moving to entrench its cooperative status as its larger rival Silver Fern Farms waters down its cooperative by tapping Chinese investor Shanghai Maling Aquarius for capital to repay debt, upgrade plants and invest for growth. . .
Primary Industries Minister Nathan Guy has welcomed a new Primary Growth Partnership programme aimed at lifting the profitability and sustainability of New Zealand strong wool.
‘Wool Unleashed’, or W3, is a new seven-year $22.1 million Primary Growth Partnership (PGP) programme between the Ministry for Primary Industries (MPI) and The New Zealand Merino Company.
The programme is expected to contribute an estimated $335 million towards New Zealand’s economy by 2025. . .
A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand’s strong wool sector—a partnership that could see an additional $335 million contribution towards New Zealand’s economy by 2025.
“‘Wool Unleashed’, or W3, is a new 7-year, $22.1 million Primary Growth Partnership (PGP) programme led by NZM that will derive greater value from New Zealand’s strong wool,” says Justine Gilliland, Director Investment Programmes at the Ministry for Primary Industries. . .
World’s best Pinot Noir winner found passion by chance – Jendy Harper:
Imagine arriving in a foreign country at the age of 13, unaccompanied, knowing no one and not being able to speak the language.
This was Jing Song’s experience when she came from China to Christchurch 16 years ago.
At her family’s advice and expectation, she became an accountant but no one guessed she would find her true passion in a Central Otago paddock.
Fast forward 16 years and Ms Song collected the trophy for the best Pinot Noir in the world at the IWSC competition in London last year. . .
(BusinessDesk) – New Zealand beef exports to Taiwan rose to a record in 2015, propelling it to the country’s third-largest beef market behind the US and China.
In 2015, New Zealand’s beef exports to Taiwan jumped 36 percent to $188.6 million, while the volume increased 20 percent to 23,442 tonnes, according to Statistics New Zealand data compiled by the Meat Industry Association. That pushed it above Japan in value and ahead of Japan and Korea in volume to become the country’s third-largest beef market.
Taiwan also takes higher-value meat, with an average value last year of US$5.68 per kilogram, compared with US$5.08/kg for the US, and US$4.94/kg for China, according to AgriHQ data. . .
New Lincoln University research has found many small dairy farmers are content with the size of their operation, despite the constant calls for economic growth.
Dr Victoria Westbrooke and Dr Peter Nuthall, from the Faculty of Agribusiness and Commerce, surveyed 330 randomly selected farmers running small dairy farms for the small farmers’ organisation (SMASH). The project was funded by via OneFarm.
“It was clear from this research, and similar previous work, that the farmers were content to simply carry on working their current farm,” Dr Westbrooke says. . .
Livestock Improvement Corporation (NZX: LIC) has announced its half-year result for the six months ended 30 November 2015.
LIC total revenue for the six month period was $145 million, 9 per cent down on the same period last year. Net profit after tax (NPAT) was $15.9 million, down 46 per cent from the previous year.
LIC signalled reduced earnings in October (NZX, 20 October 2015), as a result of the lower forecast milk payout and reduced spending on-farm.
It is now expected that the year-end result will be closer to a break-even position, chairman Murray King said. . .
Auckland’s Botswana Butchery has taken out the title of Premier Master of Fine Cuisine at the Silver Fern Farms Premier Selection Awards, held in Auckland last night.
The popular restaurant also won awards for Best Beef Dish and Best Metropolitan Restaurant.
Executive Chef Stuart Rogan, who manages Botswana Butchery in Auckland and Queenstown as well as Auckland’s Harbourside Ocean Bar and Grill, impressed judges with his dish: Silver Fern Farms Reserve beef eye fillet, braised short rib with parsley, mustard and horseradish crust, carrot puree, asparagus, whipped garlic and cep jus. Head judge Kerry Tyack described Rogan’s dish as ‘consistent and faultless’. . .