Time to end cartoon days for meat industry – Pam Tipa:
Meat Industry veteran Sir Graeme Harrison reckons the sector was summed up by a 1994 cartoon captioned, ‘we can’t see, we don’t hear and we don’t talk’.
“I think that is pretty typical of a lot of New Zealand’s export sector to be frank,” the ANZCO Foods Ltd founder and chairman told the recent ExportNZ conference in Auckland.
“Really what we’ve got to do is join hands and collaborate. That is certainly what ANZCO has done in its business relationships around the world.” . .
Commodities and cost savings drive Fonterra’s performance – Keith Woodford:
Fonterra’s 2017 financial performance was a solid result, despite profits dropping 11 percent to $745 million. The main cause of the drop was the higher farm-gate price of milk supplied by its farmers, which is a cost to corporate Fonterra.
This farm-gate price is based on commodity returns and is largely beyond the control of Fonterra. The decline in profit would have been much greater if it were not for a six percent reduction in operating costs.
It is these operating cost savings which have fuelled the more than $5 million bonus payments this year to CEO Theo Spierings. These savings can be directly attributed to the so-called V3 strategy which was Spierings’ baby. . .
Fonterra’s payout may be at risk after global dairy prices undershoot – Rebecca Howard:
(BusinessDesk) – Dairy prices undershot expectations in the overnight auction and some economists say it points to weaker demand and stronger supply, threatening Fonterra Cooperative Group’s forecast payout.
The NZX Dairy Derivatives market pointed to around a 5 percent lift but instead the GDT price index – which covers a variety of products and contract periods – fell 2.4 percent from the previous auction two weeks ago to US$3,223.
“The fall was a surprise and must be telling us something about demand that the market did not already know,” said Westpac Banking Corp chief economist Dominick Stephens. . .
Meet the new King of the North – Pam Tipa:
New National MP-elect for Northland Matt King, who took the seat off Winston Peters, is not taking anything for granted until the special votes are counted.
Although he is about 1300 votes ahead and has been told that is a safe margin, he will wait and see before making any big decisions.
They will include whether to lease out the 283ha beef farm at Okaihau that he bought only six months ago from his father, having leased it himself for the past 10 years. He has lived on the farm most of his life.
But he says there is no way he could give his best to his new role as an MP and continue to run the farm himself. . .
Hawkes Bay Regional Council’s land advisors met with 34 Farm Plan providers in Waipawa on Wednesday to tackle the challenge of delivering 1,100 Central HB farm plans by 31 May 2018.
The regional council’s Tukituki Plan will lead to better water quality in the Tukituki catchment through land use practice improvements and landowner-led innovation. At this stage, the pressure is on individual landowners to commit to work with Farm Plan providers. The Farm Plans are not a solution in themselves, but spell out the adjustments to make to reduce individual farm impacts on the environment. . .