Climate change: Call to recognise farmers’ efforts – Anders Crofoot:
The Paris climate change meeting represents an opportunity for the world to agree the terms for the next global effort to reduce emissions.
Negotiations have continued for a number of years and, with the Kyoto Protocol having effectively lapsed at the end of 2012, farmers are hopeful of an agreement which better recognises the services we provide civil society.
For better or worse, the Kyoto Protocol bundled biological emissions from food production together with fossil fuel emissions from industry, energy and transport. With agricultural emissions representing a relatively minor proportion of national emissions among most countries, the focus naturally remains on other sources. . .
Season has contrasting impact on Silver Fern Farms and Alliance – Allan Barber:
The two biggest meat processors had contrasting experiences during the 2015 season to judge by their annual results and accompanying comments. There is no doubt Silver Fern Farms found life easier than Alliance, with respect to the year in question. SFF must also have heaved an enormous sigh of relief after its improvement from the previous three years.
The bare facts of the differing results are NPAT of $24.9 million and dramatically reduced debt for SFF and $4.6 million NPAT for Alliance accompanied by a marginal reduction in equity ratio. Alliance’s performance was slightly worse than 2014, disappointing as chairman Murray Taggart agreed, whereas SFF’s result was a massive improvement on the previous year. Neither result represented a satisfactory return on assets, but signs for the future are positive. . .
Federated Farmers has today added its name to the signatories of the fourth report of the Land & Water Forum after receiving the conditional support of its National Council.
The National Council, meeting in Wellington over 26 and 27 November, comprises the presidents of Federated Farmers’ 24 provinces, its National Board and representatives of its seven industry groups.
“Federated Farmers has been deeply involved in and committed to the Land & Water Forum since its formation in 2009, playing an active role in the development of this and the previous three forum reports,” says Federated Farmers Water spokesperson Chris Allen. . .
Westland Milk Products believes the farm gate milk price will not recover until the middle of next year because overseas buyers have already reacted to predictions of falling production and drought.
Chief executive Rod Quin said the brief upward spike in prices at the Global Dairy Trade auction six weeks ago was overseas buyers moving to secure supply.
Westland Milk Products, which has about 500 shareholders, held its AGM this week and Mr Quin said the payout forecast remained around $4.90 to the early five dollar mark, which was less than farmers needed to break even.
He said that was unlikely to change because it looked like there would be more pressure on prices in the next couple of months. . .
(BusinessDesk) – Silver Fern Farms, New Zealand’s largest meat processor, paid former chief executive Keith Cooper more than $1.8 million last financial year, reflecting his long service with the company.
Cooper, who joined the cooperative in 1989 and was chief executive for eight years, was paid between $1.84 million and $1.85 million in the company’s 2015 financial year ended Sept. 30, Silver Fern Farms said in its annual report, where it is required to detail the number of employees that it paid $100,000 or more.
“The payments made to him reflect a combination of base salary for a period, a short-term incentive related to the prior year, a retention incentive that related to prior and future years, annual and long-service leave as well as a payment that reflected his significant contribution to the company over the prior 18 years, the most recent eight as chief executive,” the Dunedin-based company said. . .