Rural round-up

A New Zealand farmer looks at subsidies through a different lens – Craige Mackenzie:

A $12-billion “assistance package” to American farmers sounds like a great deal, at least for the recipients: a one-time payment that is intended to soften suffering caused by trade wars and low commodity prices, from a White House that sincerely wants to help.

I have a different perspective. As a farmer in New Zealand who once received government subsidies and then lost them, I speak from experience when I say that agriculture is much better off when governments stay out of our business and let us grow our food without interference.

The federal assistance package is in fact a devil’s bargain: It would deliver short-term benefits but also create long-term problems for American farmers. . .

Law to get tough – Neal Wallace:

Primary Industries Ministry officers now have greater search and surveillance powers than police, lawyers say.

The new law passed under urgency by Parliament strengthens the National Animal Identification and Tracking Act and allows officials to enter farms unannounced without a warrant to search for and seize items.

Penalties under the changes vary from infringement fees of $400 up to fines of $200,000 and five years in jail. 

Ashburton law firm Tavendale and Partners partner Kirsten Maclean said the powers contradict claims MPI wants to work with farmers over the Mycoplasma bovis outbreak. . .

YFC champ adds dairying venture – Hugh Stringleman:

The Kidd family has expanded its farming interests in the Auckland province with the purchase of a medium-sized dairy farm and some adjacent leased land for grazing at Shelly Beach on the south Kaipara Head. Hugh Stringleman went to hear about the new venture.

The Kidds have gone to Philadelphia, in the United States, for the wedding of son Hamish, a New York-based investment banker, to an American woman.

Conversations on the long flights and while away among parents Richard and Dianne, of Whenuanui Farm, Helensville, their three sons and their respective partners will feature the latest expansion of the family farming enterprise. . . 

Drought proofing a dry continent – Viv Forbes:

Earth is a blue watery planet.

70% of its surface is covered by oceans of salt water, some of which are extremely deep. These oceans contain about 97% of Earth’s water. Another 2% is locked up in snow, ice caps and glaciers. That leaves just 1% of Earth’s surface water in inland seas, lakes, rivers and dams. We have plenty of water, but not much to drink.

In addition to these vast surface water supplies, water vapour is the fourth most abundant gas in the atmosphere, after nitrogen (76%), oxygen (21%) and Argon (1%). Moisture in the atmosphere varies from almost zero over deserts and ice caps up to 4% over the wet tropics. (Carbon dioxide is a miniscule 0.04%). . .

Wrightson posts record earnings, lowers dividend and eyes reinvestment options – Tina Morrison:

 (BusinessDesk) – PGG Wrightson, which is selling its dominant seed and grain business, posted record full-year earnings but lowered its final dividend payment to shareholders, saying it was eyeing reinvestment opportunities.

Operating earnings before interest, tax, depreciation and amortisation rose to a record $70.2 million in the year ended June 30, in line with its forecast for earnings at the top end of its guidance range of $65 million to $70 million, and ahead of $64.5 million a year earlier, the Christchurch-based company said. One-time items pulled net profit after tax down to $18.9 million from $46.3 million. . .

Zespri launches industry realignment process:

World leading horticultural company, Zespri Group Limited lodged several key documents to support its strategically important industry realignment initiative today, with MinterEllisonRuddWatts advising on the targeted share issue and buy-back.

Zespri’s Product Disclosure Statement, Disclose Register Entry and the Buy-Back Disclosure Document were today submitted to the Registrar of Financial Service Providers for review by the New Zealand Financial Markets Authority, as well as lodged on the USX Share trading platform. . .

Frankie Goes to Wellywood – and Deer Milk stars in the show:

Frankie Goes to Wellywood – and Deer Milk stars in the show

Deer Milk was up in lights last night at the first of three special evenings that chef Frank Camorra from Melbourne restaurant MoVida is presenting in conjunction with Wellington restaurant Logan Brown and Visa Wellington on a Plate.

In his first trip to the capital, Camorra’s menu features the ingredient that is lighting up fine dining in New Zealand. . .

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