(BusinessDesk) – A2 Milk Co is now more valuable than Fonterra, even though the milk marketer’s sales amount to less than 3 percent of the dairy giant’s, as investors bet it will continue to beat expectations.
A2 shares jumped 18 percent to $13.87 on the NZX and are trading at more than 50 times forecast per-share earnings – the highest price-to-earnings (PE ratio) of any company on the NZX 50 Index. The market capitalisation of a2 has jumped to $10.1 billion, exceeding the $9.76 billion value of Fonterra based on the $6.06 price of the shares that trade in a farmer-only market on the NZX. . .
Herd improvement and agri-technology co-operative LIC welcomes the announcement from Fonterra and The a2 Milk Company about their new partnership as it prepares to launch a new team of elite A2 bulls supported by genotype testing that allows farmers to determine the A2 status of each of their animals.
As the country’s largest supplier of artificial breeding services, LIC’s bulls are responsible for up to 80 per cent of the cows grazing on dairy farms around the country. LIC has been providing farmers with A2 genotype testing for more than 15 years from its laboratory in Riverlea, Hamilton. Its first A2 bull was made commercially available to farmers for AI in 2002. . .
Shearers plan marathon session to support mental health organisations – Emma Dangerfield:
Before Mark Herlihy lost his brother to suicide two years ago, mental health was not something the family had needed to discuss.
There had been no signs, no-one had seen it coming.
“We’re a really bubbly sort of family,” Mark said of his parents and seven other siblings.
Michael was just 20. He and his brothers had been preparing for a shearing record, which may have put him under a bit of pressure, but nothing they would have attributed to such a dramatic event. . .
A recent review commissioned by DairyNZ may surprise you at just how effective wetlands can be at preventing contaminants from reaching waterways. DairyNZ water quality scientist Aslan Wright-Stow explains.
Wetlands are often referred to as the kidneys of the land – they filter, absorb and transform water contaminants and, therefore, help to reduce excess reaching waterways. In particular, wetlands can be highly efficient at removing excess nitrogen by creating unique environments whose chemistry and hydrology are ideal for treating, in particular, shallow sub-surface flow, and also runoff from dairy farms.
A recent review of scientific studies in New Zealand, undertaken by NIWA for DairyNZ, found seepage wetlands can reduce the amount of nitrate – a problematic form of nitrogen – entering them by up to 75-98 percent. That’s higher than we previously thought. . .
Federated Farmers wants to play a key role in ramped-up sector-wide collaboration on wool initiatives – and that’s reflected in a name change.
By unanimous vote of delegates from the Federation’s 24 provinces who met in Wellington this week, the Meat & Fibre Council and industry group is now the Meat & Wool Council and industry group.
It’s actually a return to the name that was used more than two decades ago, the chairperson, Miles Anderson, said. ‘Wool’ was switched out to ‘Fibre’ back then when mohair from angora goats was on the rise. . .
How avocado farmer Jenny Franceschi is taking on food waste – Cara Waters:
“I don’t think Australian consumers realise just how tough it is for some farmers,” says Jennifer Franceschi.
As an avocado farmer, Franceschi counts herself as one of the lucky ones with an avocado shortage driven by rising demand between seasons sending prices surging to about $7 per fruit at some retailers.
But concerned with the huge levels of food waste in agriculture, Franceschi and her husband, alongside three fellow growers, launched Fresh Produce Alliance out of Manjimup in Western Australia. . .