Rural round-up

Station faces $1m loss as big dry bites – Alexa Cook:

One of the country’s largest farming stations expects to lose about $1 million because of the harsh summer.

The 13,200-hectare Mount Linton Station in Southland has had about a quarter of its usual rainfall in the last year to date – 250 millimetres instead of more than 1000mm.

The lack of grass growth has forced the station to cull 25 percent of its 107,000 stock units.

General manager Ceri Lewis has worked on the station for 14 years and said the hot weather would hit the station hard this year. . .

Drought support events being run in Southland – Sally Rae:

Farmers and rural support professionals have been invited to attend free drought support events in Southland this week.

Organised by industry organisations, the events are being held in the Combined Sports Complex in Otautau tomorrow and the James Cumming Wing in Gore on Friday, both starting at 10.45am.

A drought committee was set up in Otago-Southland before Christmas, ready to spring into action if required, Beef + Lamb New Zealand southern South Island extension manager Olivia Ross said. . . 

Sheep and beef sector welcomes the conclusion of the CPTPP:

Beef + Lamb New Zealand (B+LNZ) and the Meat Industry Association (MIA) welcome the conclusion of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) negotiations in Tokyo.

During the recent negotiations, officials resolved the outstanding issues and have agreed to meet in Chile to sign the agreement on 8 March.

Sam McIvor, chief executive of B+LNZ, said the conclusion of the agreement represents good news for sheep and beef farmers and all New Zealanders. . .

Demand for stags reflects deer farmer confidence:

Confidence in the future profitability of venison and velvet production has flowed through to the market for sire stags, with strong sales reported throughout the country, says Deer Industry New Zealand (DINZ).

Breeders report a marked improvement on last year’s results. Although no stags broke the $100,000 mark, average prices were up strongly for most sales, several by more than 50 per cent. Overall clearance rates were 94 per cent, compared with 83 per cent last year. . .

Livestock Improvement Corp first-half profit drops 22% on cost of transforming business – Paul McBeth:

(BusinessDesk) – Livestock Improvement Corp posted a 22 percent slide in first-half profit as the farmer-owned herd genetics cooperative ramped up spending to overhaul its business, which it says is vulnerable to the same disruption other industries face.

Net profit fell to $14.9 million, or 51 cents per share, in the six months ended Nov. 30, from $19 million, or 65.3 cents, a year earlier, the Hamilton-based company said in a statement. . .

Industry has huge potential, cashmere producer says:

The country’s leading cashmere wool-fibre farmer wants to breathe new life into what he describes as a stagnant industry with huge potential.

David Shaw, who farms in Central Otago with his wife Robyn, said the cashmere industry in New Zealand was still cottage-style producing hundreds of kilogrammes of wool.

That was a far cry from the need to produce somewhere between five and 10 tonnes to be able to satisfy the local market and start competing internationally. . . 

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