NZ’s rural businesses struggle to attract equity capital to develop – Graham Turley:
Agri-business is New Zealand’s most productive and successful business sector yet it struggles to attract investor capital.
It seem counter-intuitive, particularly with all the talk of food bowls for Asia, that a sector which represents more than 25 per cent of New Zealand’s economy is widely perceived as difficult and inaccessible for investment – whether those investors are retail, large fund managers or overseas looking to invest in New Zealand’s agricultural success story.
Few successful agriculture-based businesses are listed on the NZX, especially when you consider how significant a contributor agriculture is to the economy. . .
Mackenzie Country farmer wins top deer award:
Paddy Boyd, manager of Haldon Station in the Mackenzie Country, is the winner of the 2014 Deer Industry Award.
The announcement of the award at the annual Deer Conference in Methven on Wednesday was followed by a sustained standing innovation for a farmer who has been a behind-the-scenes industry leader from the 1970s to the present day.
The award citation listed Paddy’s involvement in numerous industry groups including quality assurance, the Cervena strategy, velveting standards, Tb eradication, genetic improvement and environmental standards. . .
Kiwi team and supporters in charge in Ireland:
Six New Zealand shearers, including World Championships representatives Rowland Smith and John Kirkpatrick, have made it to the semi-finals of the Irish All-Nations Open championships semi-final in Gorey, Ireland.
Smith headed the 18 qualifiers after 70 shearers took part in the open-entry heats on the first day of the 16th Golden Shears World Championships, while Kirkpatrick qualified in third place.
They were separated by Scottish World championships contender Hamish Mitchell, whose teammate and defending World champion Gavin Mutch was a surprise elimination. The All-Nations has no bearing on the World Championship, for which the first round will be held tonight (Friday NZT).
The other New Zealanders still in All-Nations contention are five-times World champion David Fagan and son Jack, and Smith’s brothers, Matt and Doug. . . .
Passenger to be investigated for carrying plants:
The Ministry for Primary Industries (MPI) is investigating an air passenger it nabbed carrying two concealed plants in her shirt.
Watchman, one of MPI’s most experienced detector dogs, sniffed out the plants on the passenger arriving from China at Auckland airport yesterday afternoon.
The woman had rooted cuttings in a plastic bag hidden in her shirt sleeve and under a coat.
“It appears the cuttings were to be planted and that this was a deliberate attempt to smuggle risk items into New Zealand,” says Craig Hughes, MPI’s Manager, North, Passenger and Mail. . .
Delegat’s says 2014 harvest supports sales growth projections – Tina Morrison:
(BusinessDesk) – Delegat’s Group, the winemaker which last year bought Australia’s Barossa Valley Estate, said its just completed 2014 harvest will allow it to achieve its forecast future sales growth.
The Auckland-based winemaker expects to increase wine sale volumes by 2 percent to 1.985 million cases in the year ending June 30, accelerating to an 8.8 percent pace in 2015 and 8.9 percent in 2016, according to projections detailed in its 2013 annual report. The 2014 harvest amounted to 35,127 tonnes, as its New Zealand vintage increased 18 percent to 34,123 tonnes. Its Australian harvest, the first vintage since acquisition of Barossa in June last year, amounted to 1,004 tonnes, the company said today.
“The 2014 vintage has delivered excellent quality in all regions,” managing director Graeme Lord said. “The group has appropriate inventories to achieve future sales growth in line with guidance provided in the 2013 annual report.” . . .
Researchers start a wine revolution:
The global wine industry may be on the cusp of a revolution, thanks to pioneering genetic research conducted by scientists at Lincoln University and Plant & Food Research that not only has ramifications for controlling disease and increasing productivity, but will quite likely mean completely new varieties of grapes and styles of wine.
The research project initially commenced to fill a knowledge gap in the identification and function of the genes that underpin the key characteristics of grapevines. The goal was to bed down a research framework, such as those used by researchers with other plant species, to establish a knowledge base for the study of gene behaviour and the critical processes of grape production.
As the research developed, however, new opportunities became apparent, and a greater emphasis was placed on investigating the potential for manufacturing and encouraging the expression of genetic elements within grapevines which may, in turn, come with commercial benefits. . .
Premium Amisfield Wines to Be Showcased At International Event in Venice, Italy:
Celebrated New Zealand wine producer Amisfield will showcase a premium selection of its wines to a select international audience at the prestigious 14th Venice Architecture Biennale.
The specialist producer of multi-award-winning Pinot Noir and aromatic white wines will be the exclusive wine sponsor and supplier to the New Zealand Institute of Architects (NZIA) exhibition at the Biennale from June 5 to November 23.
Amisfield wines, sourced from fruit grown on its estate vineyard beneath the Pisa Mountain range in the renowned Central Otago region, will be served during the official opening events and associated events for the duration of the Biennale at the New Zealand exhibition, to be staged in the Palazzo Pisani Santa Marina. . .
Comvita annual profit rises 3.3% as honey price squeezes margin, sees more growth in 2015 – Paul McBeth:
(BusinessDesk) – Comvita, which produces health products from manuka honey and olive leaves, lifted annual profit 3.3 percent as the rising cost of honey squeezed margins, and said revenue and earnings would grow in 2015.
Net profit rose to $7.6 million, or 24.37 cents per share, in the 12 months ended March 31 from $7.4 million, or 24.52 cents a year earlier, the Te Puke-based company said in a statement. That’s slightly ahead of the $7.5 million profit Comvita signalled earlier this month. Earnings before interest, tax, depreciation and amortisation rose 11 percent to $16.4 million and revenue gained by the same amount to $115.3 million.
“Margins were impacted by the very strong New Zealand dollar and from further sharp rises in the cost of Manuka honey,” the company said. “Because of contractual commitments on pricing in the fast growing China market these costs couldn’t be recovered within the annual time frame.” . . .
New president for Federated Farmers Waikato:
Federated Farmers is thrilled to welcome our new Waikato provincial president, Chris Lewis, who is replacing James Houghton following their provincial AGM.
“Chris has been a part of Federated Farmers for nine years and is well versed on the issues surrounding the Waikato region as well as the dairy industry at a national level,” says Bruce Wills, Federated Farmers National President.
“I would like to thank outgoing provincial president, James Houghton for his service to the province and Federated Farmers and congratulate him on his role on the Waikato Waipa Stakeholders Group, in continuing the collective conversation around water quality in Waikato.
“We are in a year of change within the Federation with leadership changes throughout the organisation, both nationally and provincially, Chris is an incredibly passionate advocate for the farming community and I know he will do a fantastic job,” said Mr Wills. . .
Shocking Sharemilker compliance revealed:
With just over a week until it closes, Federated Farmers is blowing the whistle on the four-fifths of Sharemilkers who are yet to vote in the 2014 DairyNZ Levy referendum.
“The last time I checked only 20 percent of sharemilkers had voted and that’s a shocker turn out,” says Neil Filer, Federated Farmers Sharemilkers section chairperson.
“It’s like seeing only 100 people physically in Eden Park for the upcoming England test.
“I need to send a rocket to our guys to pull finger and vote. We’re the ones that get the most from the levy as it sets up the best possible industry for us. . . .