Fonterra hopes for collaboration in review of regulating law – Jeremy Rees:
Fonterra has welcomed the review of the law which governs it and urged farmers and shareholders to work with the government to get it right.
At its annual meeting, Fonterra chairman John Monaghan told the 360 farmers in the audience that the Dairy Industry Restructuring Act (DIRA), which regulated the company was a complex piece of legislation but it was important to get any changes right.
“Let’s be clear. Fonterra’s performance, good or bad, is not driven by DIRA,” he said.
“But an updated DIRA can deliver our shared vision for the future of the New Zealand dairy industry.”
The government began in May a review of the Dairy Industry Restructuring Act 2001 which sets the parameters for Fonterra, the co-operative dairy giant. . .
Fonterra is under attack from all sides, and now from within, as it grapples with issues that date back to 2001. These restraints allow its competitors to pick away at its good bits. China holds a tariff lever over NZ policymakers – Guy Trafford:
A busy week for Fonterra with the appointment of the two new directors and one still to come. Later today comes the result of the asset review instigated after the poor results from last season.
One of the new directors, Leonie Guiney has made her position plain in September she was quoted saying she wants the company to shift its whole strategy away from investments, like Beingmate and China Farms, which she says are “beyond our capability”.
If Fonterra thought they may get an easier path in the future through a revamp of the DIRA, the indications coming out are any thing to go by they are going to be disappointed. In fact, some are suggesting that the goal posts have been moved further away with a 70% mark as the point which is more likely to trigger a freeing up of some of the constraints the Coop is required to operate under. . .
New directorate to run M bovis programme – Annette Scott:
The new Mycoplasma bovis Response Directorate will provide a more robust model for the ongoing response to the cattle disease.
The directorate has been established after the decision by the Government and industry to try to eradicate M bovis and in consultation with Ministry for Primary Industries staff.
MPI response and readiness director Geoff Gwyn has been appointed to lead the new body.
Gwyn has headed the M bovis response since the cattle disease was found in July 2017. . . .
Swarmstorm design to benefit beekeepers:
Hobby beekeepers could have an alternative product to recollect swarms and maintain bee reproduction rates thanks to the work of Massey University industrial design student Liam Brankin.
The 22 year-old has devised a prototype backpack he calls the Swarmstorm that uses a suction hose, similar to a household vacuum cleaner, to suck and capture bees into a cardboard container before they are transferred to hives to continue the reproduction and honey-producing process.
His design is part of the Exposure graduate exhibition of final year work by design, art, creative media and music students from the College of Creative Arts, which opens at the Wellington campus on Friday. . . .
Commission authorises extending restrictions on infant formula marketing ;
The Commerce Commission has authorised members of the Infant Nutrition Council Limited to extend the advertising and marketing restrictions in their Code of Practice to cover infant formula products for children aged up to 12 months of age.
Currently, the restrictions only apply to infant formula products for children aged up to six months of age. The INC asked the Commission to authorise the extended advertising and marketing restrictions, as the extended restrictions may lessen competition. . .
Nursery industry congratulate Young Hort 2018 runner-up:
Runner up Young Horticulturalist of the year, Devin Westley, is an extraordinary young man with a huge passion for his work as a nurseryman and innovator in the industry.
His employer, Southern Woods Nursery and the NZ Plant Producers’ Industry are delighted with his placing in the New Zealand Young Horticulturalist 2018 competition.
Devin also took home awards for best practice, practical activities and best speech on the night at the award’s dinner in Auckland last night. . .