New Zealand has suffered several jolts in the past week, not least a higher interest rate regime as the Reserve Bank counters surging inflation. But at least one beacon of light shines through the gloom: the country’s leading primary export industry’s boom is moving to a second season of high prices.
Dairy giant Fonterra, which sets the pace for other dairy processors, has announced a record opening milk price payment for farmers next season amid expectations of continued strong demand for dairy products and constrained global supply.
The co-op expects to pay farmers between $8.25 and $9.75kg/MS for the season starting next month. The mid-point, on which farmers are paid, is $9 kg/MS.
That breaks the previous record set at this time last year, when Fonterra’s opening price for the current season was $7.25 – $8.75kg/MS, with a mid-point of $8kg/MS. . .
The Government was made well aware of mental health concerns for rural communities in a meeting in December last year, this Budget has neglected to do anything to address this crisis, National’s Agriculture spokesperson Barbara Kuriger says.
“It is dead clear from the minutes we received under the Official Information Act that everyone around the table could see that things were bad and getting worse” Kuriger says
“The minutes note that clear themes emerged from a discussion of the drivers of poor mental health, including: workforce shortages, public perception of farmers, and the pace of new regulations.
“If they didn’t already know, it is clear that in December the Prime Minister and Minister O’Connor knew what was happening to our rural communities and were asked by rural sector leaders for help, they’ve had all this time to make a plan but have still done nothing in this budget to address it. . .
. . . A record crop, ongoing investment in brand-led demand creation, and the industry’s ability to respond and leverage its scale and structure have helped Zespri deliver a record result for the 2021/22 season, with total global fruit sales revenue exceeding NZ$4 billion for the first time.
In spite of the immense challenges faced by the industry this season, Zespri’s 2021/22 Financial Results show total global revenue generated by fruit sales reached NZ$4.03 billion, up 12 percent on the previous year, with total global operating revenue up by 15 percent to NZ$4.47 billion. Global sales volumes also increased 11 percent on the previous year to 201.5 million trays.
The results saw direct returns to the New Zealand industry increase to a record $2.47 billion including loyalty payments, despite the considerable uncertainty generated by the COVID-19 pandemic and cost increases across the supply chain. Earnings were again spread through regional communities including within the Bay of Plenty, Northland, Nelson, Gisborne, and the Waikato. . .
Grower returns remained strong in a challenging season, with per hectare returns representing our second best on record across all varieties: . .
New Zealand’s best ploughing talent is set to represent the country in Ireland this year at the World Ploughing Championships.
Ian Woolley and Bob Mehrtens, who took out the top titles at the New Zealand Ploughing Championships in Seddon earlier this month, are now preparing to compete against the world’s best in September.
Woolley, who won the Silver Plough conventional competition, told RNZ he’s excited to compete, and to soak up the atmosphere, as the event draws a huge crowd.
“It’s basically their National Field Days, there’s 100,000-odd people there each day for three days, although the plowing is on the outskirts of where the main show is taking place. . .
Silver Fern Farms today celebrated the launch of its USDA-approved Net Carbon Zero By Nature 100% Grass-Fed Angus Beef at a New York City event attended by New Zealand Prime Minister Jacinda Ardern.
Held at the Kimpton Hotel Eventi rooftop in Chelsea, the Prime Minister was joined by the visiting New Zealand trade mission, Silver Fern Farms US customers and in-market partners, and New York and U.S. national media. The event was to celebrate the successful introduction of Net Carbon Zero By Nature Angus Beef to the U.S., which is already being sold in supermarkets in the New York Tri-state area, the Midwest, and California.
Silver Fern Farms Chief Executive Simon Limmer says closer partnerships between consumers and farmers through products like Net Carbon Zero beef hold the key to addressing our collective climate and environmental challenges.
“As New Zealand’s largest processor and marketer of red meat, we are in a unique position to build closer partnerships between the needs of discerning customers and our farmers in a way that incentivises nature-positive food production,” says Simon Limmer. . .
The Ministry for Primary Industries (MPI) and the Agricultural and Marketing Research and Development Trust (AGMARDT) have announced finalists for the 2022 Primary Industries Good Employer Awards.
Now in their third year, the Awards are run by MPI and AGMARDT to celebrate employers who put their people at the heart of their businesses.
“We received a number of impressive entries,” says MPI’s Director Investment, Skills and Performance, Cheyne Gillooly.
“Central to all of the entries was a real passion shown by businesses towards supporting their employees by putting their health, welfare and wellbeing first.” . .