Rural round-up

Action groups are still growing – Neal Wallace:

More than 700 farm businesses have joined Red Meat Profit Partnership Action Network Groups with more than half them in three regions.

Most groups have been formed in Waikato-Bay of Plenty with 133, Canterbury 118 and Otago 114.

The top five areas of interest are animal performance, financial management, business planning, feed management and pasture management. . . 

Plant protein not a threat :

Silver Fern Farms chief executive Simon Limmer is not overly concerned about the threat of plant-based meat substitutes.

Limmer’s transition from chief operating officer of Zespri to chief executive of Silver Fern Farms has been seamless.

He notes protein consumption is growing worldwide and NZ is not going to be able to supply the world. NZ doesn’t need to be everything to every consumer, he says. . .

More than $22m loss for Norhtland dairy farmers as Fonterra slashes forecast milk price – Imran Ali:

Income for Northland dairy farmers will reduce by $22.5 million under Fonterra’s revised forecast payout for next season.

The dairy giant revised its 2018/19 forecast farmgate milk price from $7 per kg/MS to $6.75 per kgMS this week in response to stronger milk supply from the world’s key dairy producing countries.

Northland’s 1030 dairy farms supply about 90 million kg/MS each year. A payout of $7 as earlier announced would have fetched them $630m but $6.75 per kg/MS would earn $607.5m— down $22.5m. . .

Tea from an unlikely source – Mark Daniel:

Best known as the dairy capital of New Zealand, Waikato can also claim to be the nation’s home of tea. 

The Zealong Tea Estate, just north of Hamilton, is NZ’s only commercial tea grower.

The Zealong story starts in 1996, when Vincent Chen noticed the region’s abundant camellia bushes — the same Camellia sinensis that is used to produce white, green, black and oolong teas.  . .

Ballance to reinvest its surplus – Alan Williams:

For the first time in four years Ballance Agri-Nutrients has surplus earnings to reinvest in the business after the rebate payment to farmer shareholders.

The fertiliser co-operative has confirmed a bottom-line profit of $9.19 million for the year ended May 31.  

The rebate took $56.8m though only $39.4m was paid in cash with the balance allocated for new shares, further helping the cash position, the annual report said. . .

Crowdfunding saves a Jamberoo family from losing its livelihood – Rebecca Fist:

A drought-striken Jamberoo dairy farmer reached out for help, and found relief through his neighbour and drought funding campaigner Jason Maloney.

Jamberoo Road farmer Michael Harris has been working 12 hours a day, seven days a week to keep the dairy running, take care of his pregnant partner Natalie Fava, and put food on the table for their three children, and his brother living with a disability, Randall.

For months, Michael watched the prospect of keeping the family farm diminish before his eyes, like the grass on his land. . .

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