The country’s largest rural insurer Farmers Mutual Group says it has received $3 million worth of claims related to the flooding and snow that hit the country last month.
FMG said the severe flooding in the lower North Island prompted 264 claims from the Manawatu-Whanganui and Taranaki regions, and snow damage in Canterbury led to 80 claims being lodged.
General manager of advice and insurance Conrad Wilkshire said most of the claims were for damage to houses, contents, sheds, and farm equipment.
In one case, a farm building was swept down a river. . .
(BusinessDesk) – Competitors of Fonterra Cooperative Group, the country’s largest dairy processor, claim there’s still insufficient competition to deregulate the industry.
In submissions to the Commerce Commission, which is undertaking a government-ordered review of the industry’s competitiveness, rival processors either want the status quo or the regulations tightened.
Farmers lobby group, Federated Farmers, says the Dairy Industry Restructuring Act 2001(DIRA) will need to be amended if it’s retained long-term. . .
A new low-calorie sugar alternative made entirely from fruit and developed by Kiwis, is set to offer companies around the world a natural way to reduce sugar in everyday foods and beverages such as cereals, yoghurts and juices, without compromising flavour.
Developed by Kiwi and Chinese joint venture company Guilin GFS Monk Fruit Corporation, Sweet-Delicious is a natural fruit juice made from a small Chinese melon called monk fruit. As a natural low-calorie alternative to sugar and artificial sweeteners it is a new way to tackle the growing obesity epidemic. . .
“Innovate or stagnate” will be the main message from Grassmere farmer Doug Avery when he visits Lincoln University next Thursday.
Avery’s talk about turning drought and desperation into sustainability and success will take place on Thursday, July 16 at 7pm.
Avery, also known as the ‘drought man’, says he understands the value of farmers learning from farmers. . .
Associate Minister of Trade Todd McClay says a new Fonterra ingredients factory in the Netherlands, opened yesterday by Dutch King Willem-Alexander, marks an exciting step forward in agribusiness collaboration between New Zealand and the Netherlands.
The state-of-the-art factory in Heerenveen, Friesland, has been developed in partnership with Dutch conglomerate A-Ware Food Group, which has built a major new cheese plant next door.
Whey and lactose, by-products of A-Ware’s cheese-making process, will be processed into specialty ingredients by the Fonterra plant. These will be used in high-value paediatric, maternal, and sports nutrition products for sale in the European Union and beyond. . .
The High Court at Wellington has ruled in favour of The Kiwifruit Claim and against the Crown on all substantial points, in a judgment released on 8 July.
Kiwifruit growers and post-harvest operators who were negatively affected by Psa have untilFriday 9 October 2015 to sign up to The Kiwifruit Claim, the court has ruled.
The court said growers and post-harvest operators should be allowed to bring the proceedings as a representative or class action, which had been opposed by the Crown Law Office (CLO). . .
The adoption of a hemp seed food standard remains on the horizon, following work requested by the Food Standards Australia New Zealand Ministerial Forum earlier this year says Food Safety Minister Jo Goodhew.
“New Zealand supports a standard allowing the sale of hemp seed food products, and I am hopeful that the Ministerial Forum will be able to assess the proposed hemp standard again early next year,” says Mrs Goodhew.
“The best available science shows us that hemp seed is safe to eat and has positive nutritional properties. However, the Ministerial Forum had some unanswered questions when it met in January. . .
The NZ Grain and Seed Trade Association (NZGSTA) was pleased to learn today that the Australia and New Zealand Ministerial Forum on Food Regulation (the Forum) was continuing to address some concerns around the sale of hemp seed foods for human consumption.
Responding to the Forum’s communiqué issued from Hobart Thomas Chin, association general manager, said the industry realises that the NZ Minister and officials were supportive of hemp seed foods and they are continuing with strong efforts to help see the development of a new cropping opportunity for NZ primary producers and manufacturers. . .
New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the first wool auction of the 2015/16 season offering 6,800 bales comprising predominantly 80 percent short second shear wools, saw a 92 percent clearance with a slightly softer tone.
Despite a weaker New Zealand dollar compared to the last sale on 25th June, with the weighted currency indicator down 1.96 percent, the bulk of the offering was firm to 2 percent easier.
Mr Dawson advises that the seasonal slow-down in order, approaching European vacation period and well stocked supply lines in China are limiting new orders for wool temporarily. . .