Rural round-up

November 19, 2015

Feds president leads by example – Amanda Vaisigano:

Bronwyn Muir’s measurement of success is that her influence moves the farming industry towards a more collaborative, sustainable, profitable, and optimistic future.

The Taranaki Provincial President, dairy farmer and Director of OnFarmSafety New Zealand has spent a lifetime in farming and is passionate about supporting the rural industry.

The success of her business OnFarmSafety NZ has seen her win and be nominated for a number of awards, including most recently at the 2015 Taranaki Chamber of Commerce Business Excellence Awards. . .

Estimates for Fonterra’s farmer payout tumble amid weak dairy prices – Tina Morrison:

(BusinessDesk) – Forecasts for Fonterra Cooperative Group’s payout to New Zealand farmers this season have tumbled below the company’s estimate following the third consecutive decline in prices on the GlobalDairyTrade platform.

Four of six analysts surveyed by BusinessDesk pulled back their estimates for the payout today, after whole milk powder prices declined 11 percent at last night’s GDT auction, taking the total decline over the past three sessions to 22 percent. Estimates for the payout now range between $4.25-$4.60 per kilogram of milk solids, pulling the top end of the range down from $5.30/kgMS. Fonterra is set to review its current forecast of $4.60/kgMS in early December. . . 

Freedom Foods sells remaining stake in milk marketer a2 Milk for A$64 mln – Fiona Rotherham:

(BusinessDesk) – A2 Milk Co’s cornerstone shareholder, Freedom Foods Group, has sold its remaining 10.4 percent stake in the milk marketing company for A$64 million, taking advantage of a surge in the share price.

Sydney-based Freedom Foods sold its remaining shares for 85 Australian cents apiece and will reinvest the proceeds in other investments including a buy-out of oat-based cereal and snack manufacturer Popina and construction of a new UHT processing facility. . . 

How now, New Zealand cow?:

New Zealand’s five million milking cows are doing a great job of efficiently producing milk, according to the latest 2014-15 dairy statistics  released today.

New Zealand cows are producing more milk with more milksolids than 10 years ago.

A cow’s annual average production contained 377 kilograms of milksolids (8.9%) in 2014-15, which is what New Zealand’s dairy farmers are paid for, compared to 308 kilograms (8.6%) in 2004-05.

Cows from North Canterbury are the highest producers. On average each produced 4,706 litres of milk in 2014-15 with 416 kilograms of milksolids. . .

Forestry crown research institute Scion first to apply for drone beyond-line-of-sight flying – Fiona Rotherham:

(BusinessDesk) – Scion, the forestry crown research institute, will become the first organisation in New Zealand to fly drones beyond line of sight when it seeks approval under new Civil Aviation Authority rules to use unmanned aerial vehicles (UAVs) for forest monitoring.

Scion has been conducting publicly and privately funded trials of UAVs for the past three months, including flying along the edge of forests to evaluate tree harvesting and using a UAV with interchangeable remote sensing technology to transmit information on tree health and pests in North and South Island forests.

A Callaghan Innovation-commissioned report last year estimated flying drones out of the operator’s line of sight could provide economic gains of up to $190 million annually to New Zealand’s farming, forestry and energy sectors. More than 440 commercial UAV users are registered on New Zealand’s Airshare website while the consumer drone market is booming.  . .

Strengthening Spring Rural Market:

Summary

Data released today by the Real Estate Institute of NZ (“REINZ”) shows there were 12 more farm sales (+3.5%) for the three months ended October 2015 than for the three months ended October 2014. Overall, there were 358 farm sales in the three months ended October 2015, compared to 337 farm sales for the three months ended September 2015 (+6.2%), and 346 farm sales for the three months ended October 2014. 1,731 farms were sold in the year to October 2015, 9.9% fewer than were sold in the year to October 2014.

The median price per hectare for all farms sold in the three months to October 2015 was $27,579 compared to $27,547 recorded for three months ended October 2014 (+0.1%). The median price per hectare rose 6.0% compared to September. . . 

Potatoes New Zealand Inc. appoints new Chief Executive Officer:

Potatoes New Zealand has appointed Chris Claridge as its new Chief Executive Officer.

Potatoes New Zealand Inc. Chairman Stuart Wright said he was delighted to welcome Mr Claridge to the organisation, which has a target of doubling New Zealand fresh and processed potato exports by 2025.

“Chris brings a wealth of horticultural, business, leadership and marketing experience to the role,” said Mr Wright. “That will prove invaluable in building on the very good work that has already been done towards achieving our goals of boosting productivity in the sector for the benefit of growers and the New Zealand economy.” . . 


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