Word of the day

May 26, 2016

Anaclitic – relating to or characterised by a strong emotional dependence on another or others; having a physical and emotional dependence on another person, especially relating to the dependence of an infant on a mother or surrogate mother; of, relating to, or characterised by the direction of love toward an object or person that satisfies nonsexual needs.


Rural round-up

May 26, 2016

Record-breaking 2015/16 kiwifruit season: volumes, returns grow:

The 2015/16 kiwifruit season broke records for the industry and Zespri with the biggest-ever total return to growers, highest-ever Green return per hectare and record sales volumes for both Zespri Green and Zespri SunGold Kiwifruit.

Zespri Chairman Peter McBride explains total sales revenue for the season also grew to hit $1.9 billion, up 21 percent from the previous season. The total fruit and service payment to growers for New Zealand-grown fruit increased 22 percent on the previous year to $1.143 billion, with average return per hectare reaching a record $60,758. . . 

FMA concludes assessment of complaints against Silver Fern Farms:

The Financial Markets Authority (FMA) has concluded its assessment of complaints received about Silver Fern Farms Limited (SFF) and will be taking no further action.

The FMA received a small number of complaints in April 2016 relating to Silver Fern Farms Limited and documents released to its shareholders in September 2015. A complaint was also made about the resolution approving the transaction with Shanghai Maling Aquarius Co. Ltd (Shanghai Maling).

The FMA considered whether information sent to SSF’s shareholders could be substantiated and concluded that SFF’s Notice of Meeting and Shareholder Information Pack, dated September 2015, was not misleading or deceptive. . . 

International Campaign Set to Boost NZ Dairy Exports:

A new multi-million-dollar marketing campaign has begun to educate Australian, Chinese and ultimately U.S consumers on the health benefits of New Zealand’s grass fed dairy products.

The international campaign has been launched to raise awareness of the benefits of consuming milk products from grass fed cows over those raised organically. It’s all part of the introduction of new Munchkin Grass Fed™ milk-based formula and toddler drinks. Milk matters because it is the key ingredient in infant formula and toddler milk drinks, constituting up to 65% of the powder. . . 

Higher fruit exports offset dairy fall:

Goods exports rose 4.0 percent in April 2016, up $166 million to $4.3 billion, Statistics New Zealand said today. Fruit exports led the rise, up $59 million (16 percent), offsetting a similar fall in dairy values.

Gold kiwifruit rose $53 million (53 percent), but was partly offset by a fall in green kiwifruit, down $38 million (35 percent). Apples rose $39 million (29 percent), with apple exports to Taiwan up $16 million (91 percent). Taiwan was New Zealand’s top destination for apples in April 2016, beating out the United States and the United Kingdom.

Among other export commodities, untreated logs, foodstuffs such as dietary supplements and savoury fillings, and beef and lamb all rose in value this month. . . 

Comvita to beef up honey supply in new joint venture – Sophie Boot

(BusinessDesk) – New Zealand manuka honey products maker Comvita is linking up with Blenheim-based apiary operator Putake Group to form a South Island-based honey business to meet global demand for manuka honey.

The companies have signed a memorandum of understanding to form a 50:50 joint venture, named Putake Group Holdings, which would develop a wholesale honey business in the South Island, Te Puke-based Comvita said in a statement. Putake owns 1,200 hives and manages another 2,800 hives through separate joint venture arrangements. . . 

Advisory boards can offer guidance for farmers during a period of uncertainty:

As the agricultural sector grapples with high levels of dairy debt and increased volatility, Crowe Horwath’s Head of Agribusiness, Neil McAra, says farmers need to look at getting sound governance support.

McAra is a strong advocate for advisory boards which can assist farmers with the ability to make better decisions and can help improve business governance.

The value, scale and complexity of New Zealand farming operations have increased significantly over the last two decades. . . 

Rural Contractors annual conference coming up:

Rural Contractors New Zealand (RCNZ) is encouraging all of its members – and any others interested in the agricultural contracting sector – to attend its annual conference being held in the Bay of Islands later next month.

Chief executive Roger Parton says this year’s RCNZ annual conference is being held at the Copthorne Hotel and Resort, in Paihia, from June 27-30.

“The conference is now only a month away and for those who have not registered yet; now is the time to do so,” he explains. “We will be unable to hold any accommodation past the end of this month, so if people want come they need to get their registrations in now.” . . 


Thursday’s quiz

May 26, 2016

This is your chance to pose the questions.

Should anyone stump everyone s/he will win a virtual batch of ginger gems.


Fonterra opening forecast $4.25

May 26, 2016

Fonterra has announced an opening forecast farm gate milk price of $4.25 per kilo of milk solids for next season.

Prices are expected to increase during the season but no one should be banking on that.


366 days of gratitude

May 26, 2016

A few decades ago Budgets were delivered in the evening and I remember my parents, like many others of their generation, listening to the radio to find out what was in it.

These days they’re delivered earlier in the day. Today’s was one of few surprises and probably of little more than passing interest to all but political tragics.

That’s a change for the better, reflecting that the state has less influence on our lives than it used to and I’m grateful for that.

 


Before the Budget

May 26, 2016

Finance Minister Bill English will deliver his eighth Budget this afternoon.

Before it’s delivered, Prime Minister John Key offers some briefing notes:

1. More than 200,000 jobs have been created over the past three years – that equates to around 180 new jobs every day.

2. New Zealand has the third highest employment rate in the developed world.

3. We’re on track for annual economic growth of about 3 per cent for the next few years.

4. We’re also on track for rising surpluses and falling debt – we were one of the first developed countries to be back in surplus after the global financial crisis when we posted a surplus of $414 million last year.

5. Budget 2016 will contain $1.6 billion in new spending. We’ve already announced funding for more lifesaving drugs, emergency housing, and to support our thriving tourism sector.

This year’s Budget will further advance our work to support a strong, growing economy. It’s only through a strong, growing economy that we’re able to create more jobs, lift wages and deliver better public services to those who need them most.

Labour’s last Budget in 2008 was forecasting a decade of deficits.

In spite of the GFC, Canterbury earthquakes and other unforeseen hurdles, the government books were back in surplus last year and, with continued careful management, are expected to stay there.

This isn’t about a surplus for surplus’s sake. It’s the only way to sustainably fund public services, reduce debt, look after those who need help and leave us all with more of our own money.


Quote of the day

May 26, 2016

Science is fun. Science is curiosity. We all have natural curiosity. Science is a process of investigating. It’s posing questions and coming up with a method. It’s delving in. Sally Ride who was born on this day in 1951.


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