Fonterra shares first results of business review:
Fonterra Co-operative Group Limited has provided a further update on its business review.
Chief Executive Theo Spierings said the Co-operative’s leadership was developing initiatives to deliver value right across the organisation.
“The key aims of the review are to ensure that the Co-operative is best placed to successfully deliver its strategy, increase focus on generating cash flow, and implement specific, sustainable measures for enhancing efficiency. . .
Fonterra top brass on notice from farmers as 523 jobs go in shake-up – Fiona Rotherham:
(BusinessDesk) – Federated Farmers says top management should be leaving Fonterra Cooperative Group if results don’t start improving in the next couple of years.
The comments, from Fed Farmers dairy chair Andrew Hoggard, were in response to the confirmation today by the world’s largest dairy exporter that it will cut 523 jobs to save up to $60 a million a year on its payroll in the first swathe of a major review of the business. Hoggard said he hoped the job losses were part of a wider strategy to redirect resources in new areas rather than a knee-jerk reaction to cut costs as dairy prices continue to fall.
“Fonterra has had a history of knee-jerk reactions like that where it gets rid of a whole bunch of people and then two years later hires them back again, or rather having got rid of people with institutional knowledge, they hire new graduates who can’t do as good a job,” he said. . .
Waipaoa Station moulds young farm cadets for workforce – Kate Taylor:
The physical nature of the work means some farm cadets he works with fill out and some get lean but they all change, says Waipaoa Station stock manager Jerry Cook.
The station and the Waipaoa Farm Cadet Training Trust welcomes five new cadets every year for two years – all straight out of school.
“They come in as kids and leave ready for the workforce. They might arrive still with a bit of puppy fat at 17 and leave two years later toned and strong and armed with the right skills to go farming as adults.” . . .
New Ospri head sees big opportunities ahead – Gerald Piddock:
New Ospri chief executive Michelle Edge has some bold visions for where she sees the organisation making a greater contribution to New Zealand agriculture.
Edge started her new role in May and said there were exciting opportunities ahead for Ospri’s (Operational Solutions for Primary Industries) two wholly-owned subsidiaries TBfree New Zealand and NAIT (National Animal Identification and Tracing).
“There’s also a range of business development prospects on the horizon,” she said. . .
Enterprising Rural Women Awards open for 2015:
Entries have opened for the 2015 Enterprising Rural Women Awards (ERWA) offering women who run their own rural businesses the opportunity to boost their profiles and gain recognition for their achievements.
“This year is very special as we have a lot of interest in the awards and we’re already fielding enquiries from women keen to enter,” says Rural Women NZ national president, Wendy McGowan.
Last year’s supreme winners, Keri Johnston and Haidee McCabe from Irricon Resource Solutions have come on board as sponsors. They are enthusiastic about the awards and want to encourage other women in rural businesses to have an opportunity to get the benefits that their business has gained since winning in 2014.
The future of Fijian sugar cane industry not so sweet:
Fiji’s National Farmers Union says the future of the country’s sugar cane industry could be in doubt.
The country’s cane farmers have begun harvesting however many are facing delays of up to six months due to labour shortages.
The union estimates up to 40 percent of the country’s harvesting labour gangs aren’t operating as they are unable to find enough people to fill them. . .
Weaker NZ Dollar Helps Lift Value of Meat Exports:
Beef + Lamb New Zealand compiles lamb, mutton and beef export statistics for the country. The following is a summary of the first nine months of the 2014-15 meat export season (1 October 2014 to 30 June 2015).
Over the first nine months of this season, beef and veal returns and volumes have been higher than lamb and mutton.
Because of the significant size of the market, changes in Chinese demand – specifically, less lamb and mutton and more beef – impacted across all categories of New Zealand meat exports.
Meanwhile, the USD / NZD exchange rate averaged 0.76 in the first nine months of the current season, compared with 0.84 over the same period last season – a 10 per cent drop. This NZD weakness contributed significantly to this season’s higher average export values across all products. . .
LIC sires named best in season:
Two of LIC’s artificial breeding bulls were named sires of the season by Jersey and Holstein-Friesian breed societies at their annual conferences last month.
South Land Jericho received Jersey New Zealand’s JT Thwaites Sire of the Season award and San Ray FM Beamer received Holstein-Friesian New Zealand’s Mahoe Trophy.
LIC bull acquisition manager, Malcolm Ellis, said it is an honour for the co-op’s sires to be recognised by the societies again, after LIC sires took out both awards last year also. . .
Carrfields Group brand to commence market rollout :
The Carrfields Group brand will begin a market rollout from August 2015 and will be fully integrated across the New Zealand agrimarket by December 2015.
Carrfields is borne from the Carr Group’s acquisition of the Elders New Zealand business in August 2014. The name is representative of the South Island based Carr family who have farmed and built the Carr Group of companies over the past forty years from the fields of the Canterbury region. . .