Rural round-up

November 29, 2018

Hopping to the beat: drummer turned grower Trevor Courtney :

Trevor Courtney has always liked beer, and now the drummer for ’60s band Chants R& B is growing his own hops.

After a 40-year music career, Trevor and his wife Lyndsay now have a lifestyle block in North Canterbury where they grow hops plants, heritage apples and saffron.

Trevor and Lyndsay’s eight-hectare property is home to two flocks of Wiltshire sheep, but they’re pretty low-maintenance, Trevor says.

“In the spring they start to shed their fleece, so there’s no shearing,…you can leave their tails on. We only meet up with them a couple of times a year.” . . 

Alliance Group more than halves profit –  Rebecca Howard:

 (BusinessDesk) – Red meat cooperative Alliance Group more than halved its net profit as it paid more for livestock and in tax, interest and administration costs.

Net profit for the year ended September fell to $6.6 million from $14.4 million a year earlier, the Invercargill-based co-operative said in its annual report. Revenue, however, lifted to $1.8 billion from $1.5 billion in the prior year and it paid more than $1.2 billion to its farmer-shareholders.

The group also paid $14.6 million in loyalty payments and another $31.6 million in advance payments to support farmers during periods of low cash flow. . . 

What it takes to win the Ballance farm environment award :

Trying different things, learning from mistakes, and working with Mother Nature are part of the ethos of this year’s national Ballance farm environment award winners.

As winners of the Gordon Stephenson Trophy, Bay of Plenty kiwifruit growers Mark and Catriona White are officially ‘national ambassadors for sustainable farming and growing’.

During a round of meetings with agriculture agency representatives and MP Todd Muller in Wellington this month, the Whites dropped into Federated Farmers’ HQ to swap war stories on topics as diverse as workforce shortages, genetic engineering and whether farmers/ growers who repeatedly fail to heed sustainability messages should be left behind. . . 

 

Apple industry already growing jobs for new horticultural degree graduates:

New Zealand’s booming apple and pear industry is already promising great career opportunities for the first graduates of a new stand-alone Bachelor’s Degree in Horticulture.

Recruitment is underway for the new three-year degree that starts in February 2019 with a fully industry-sponsored 4ha apple innovation orchard at Massey University’s Palmerston North campus.

New Zealand Apples & Pears capability manager Erin Simpson, who has been a driving force behind the new degree, said never before has there been a more exciting time for young people to enter the industry which is offering them a bright and rewarding future. . . 

Fonterra confirms second director election timing:

The Fonterra Shareholders’ Council has confirmed that a second election for the remaining vacancy on Fonterra’s Board of Directors will be held in December. Voting will open on 3 December and close at 1.00pm on 20 December, and the results will be announced later the same day.

Only two candidates from the first election, Leonie Guiney and Peter McBride, obtained more than 50% support from voting shareholders. The Rules of the first election state that if not enough candidates obtain more than 50% support, there must be a second election. . . 

Manawatū agricultural contractor lands deal supplying Auckland Zoo with feed:

Manawatū agricultural contractor Mike Hancock is helping to feed some of the world’s most stunning and endangered animals.

The 23-year-old is a joint operations manager for Bruce Gordon Contracting, north of Marton.

Earlier this year the company received a phone call from Auckland Zoo, almost 500 kilometres away. . . 

Knickers the steer, one of the world’s biggest steers, avoids the abattoir thanks to his size – Jacqueline Lynch and Tyne Logan:

At 194 centimetres high, WA-born steer Knickers is believed to be the tallest in Australia — and one of the tallest in the world.

To put it into perspective, the seven-year-old is almost as tall as NBA star Michael Jordan and weighs more than a Mini Cooper car at about 1,400 kilograms.

That’s double the weight of the average Holstein Friesian and half a metre taller — and could make more than 4,000 hamburger lovers happy.

But owner Geoff Pearson of Lake Preston in the state’s south-west said Knickers was not destined for the barbecue anytime soon. . . 

How we fell out of love with milk – Tim Lewis:

Soya, almond, oat… Whether for health issues, animal welfare or the future of the planet, ‘alt-milks’ have never been more popular. Are we approaching dairy’s final days? 

A couple of weeks ago, some eye-catching billboards began appearing around central and east London. Entire tunnels of the underground were plastered with the adverts; the sides of large buildings were covered. On one panel there was a carton (or, in some instances, three) of Oatly, an oat drink made by a cult Swedish company that favours stark graphics, a bluey-grey colour scheme, and which is a market leader – in a not uncompetitive field – in the tongue-in-cheek promotional messages known as “wackaging”. The adjacent panel, in large, wobbly type, read: “It’s like milk, but made for humans.” . . 

 Sprinklers help nourish refuge elk – Mike Koshmrl:

Each summer a massive $5.25 million irrigation system is cranked on at the National Elk Refuge, showering beads of water over nearly a fifth of the preserve’s 25,000 grassy acres.

With no crops growing and no livestock in sight, tourists and newcomers to Jackson Hole who catch a glimpse must occasionally be bewildered.

But there are actually many reasons for the refuge’s irrigation system, new as of 2010. . . 


Rural round-up

November 27, 2018

Only two left for new Fonterra vote – Hugh Stringleman:

John Nicholls of Canterbury and Jamie Tuuta of Taranaki and Wellington will contest the rerun of the Fonterra director election to fill the one remaining vacancy.

One-term director Ashley Waugh has decided not to run again though he came within a whisker of being re-elected in the first round of voting.

Fonterra Shareholders’ Council chairman Duncan Coull sent an email to all farmer-shareholders explaining the rerun process and the council’s reasons for not opening it up to new candidates.

The rerun was necessary because only two of five candidates for three seats received the required 50% approval of farmers, Peter McBride at 80% and Leonie Guiney at 63%.

Waugh got 49%, Nicholls 44% and Tuuta 40%. . . 

Dairy-farm price per hectare plunges – Sally Rae:

Farm sales across the country for the year to October were down more than 10%, while dairy farm  per-hectare prices have pulled back almost 30% during the past year.

In Otago and Southland, there was strong activity in finishing, grazing and arable properties, but dairy farm purchases in both provinces were affected, with restricted supply of capital.

Real Estate Institute of New Zealand rural spokesman Brian Peacocke said for the three months to October there were 263 sales, just two more than a year ago.

Across the country for the year to October 1475 farms were sold, a 10.5% decline on the same period last year. Dairy farm sales were down 7.7%, grazing farms fell 5.6%, finishing was down 13.2% and there were 22.5% fewer arable farms. . . 

Genetic changes will allow merino sheep come down from the mountains – Heather Chalmers:

Synonymous with the South Island high country, merino sheep may be farmed more widely as farmers are lured by high fine wool prices and genetic improvements. 

Merino woolgrower Bill Sutherland, of Benmore Station near Omarama, said it was boom times for the New Zealand merino industry. 

“In a time when strong wool prices are at a historical low, the prices for merino wool have rarely been better,” he told the New Zealand Grassland Association conference in Twizel.  . . 

New boss hears farmers:

Farmers delivered a stern message to new director-general of primary industries Ray Smith at a meeting in Ashburton on Wednesday – they want to be top of his list.

He attended the meeting, facilitated by Mid Canterbury Federated Farmers in response to desperate calls for help from local farmers affected by the cattle disease Mycoplasma bovi, off his own bat.

Farming leaders from across the country including national dairy chairman Chris Lewis and meat and wool chairman Miles Anderson also attended the closed session.

“This meeting was organised so these national leaders could hear from affected farmers and get their stories straight from the horse’s mouth,” Mid Canterbury dairy chairman Chris Ford said. . . 

Interest in competition suggests promising future for agriculture – Sally Rae:

McKenzie Smith grasps every opportunity to learn new skills.

Mckenzie (17), a year 13 pupil at Southland Girls’ High School, is chairwoman of the school’s TeenAg club.

TeenAg — which comes under the umbrella of New Zealand Young Farmers — is aimed  at introducing and promoting a positive picture of agriculture and agricultural careers to pupils from an early age. The club has organised an AgriKidsNZ competition at Southland Girls’ High School on Thursday, for years 7-8 pupils, and team numbers have more than doubled from last year. . . 

Jersey cows eat differently – Abby Bauer:

Each dairy cattle breed has its perks and its quirks, and Jerseys are no exception. On our Hoard’s Dairyman Farm, we certainly notice differences in personality and behavior between our Jerseys and Guernseys.

These breed differences are what led the American Jersey Cattle Association and National All Jersey Inc. to partner with university and industry experts to create a webinar series focused on the Jersey breed. One of their webinar topics was feeding the lactating cow, and the presenters were Bill Weiss and Maurice Eastridge from The Ohio State University.

The pair of professors pointed out that much of the research in the field of nutrition has been done on Holsteins. While many of these recommendations can fit other breeds, there are a few ways that Jerseys are unique. . .

 


Rural round-up

November 19, 2018

The sky’s the limit –  Andrew Stewart::

Intergenerational knowledge has long been a sort of secret ingredient to success in sheep and beef farming in New Zealand. Though that component was vital in the early years of Tom and Sarah Wells farming careers they are also using their passion, drive and determination to forge their own brand of sustainably farmed products. Andrew Stewart reports.

Both Tom and Sarah Wells used to work in completely non farm careers. 

Sarah was a television journalist covering breaking news in a time poor, mentally draining role. 

“I grew up mustering with my father on horseback on the station and I wanted to be a shepherd right through school but somehow lost my way,” she said.

“But there was always a pull back towards the farm.” . . 

 

Farmer tells hearing of importance of irrigation -Mark Price:

The complexities of farming with irrigation in the Lindis and Ardgour valleys of the Upper Clutha were spelled out at an Environment Court hearing in Cromwell this week.

Bruce Jolly, who owns 3000ha “Ardgour” farm, which has 160ha of irrigated land, was the final witness before the hearing was adjourned until January 28.

After seven days of evidence from hydrologists, ecologists and specialists on trout, Judge Jon Jackson ended the hearing a day earlier than planned, admitting in a light-hearted moment, he was somewhat “overwhelmed” and needed a day to reflect on what he had heard.

The Otago Fish & Game Council is arguing 900litres per second of water flowing in the river is required to sustain the brown trout population, while the Lindis Catchment Group (LCG) considers 550litres per second is necessary to sustain irrigation systems. . . 

Council ruminating on re-run rules :

The Fonterra Shareholders’ Council is working on the rules for the next election to fill the vacancy on the board that resulted from the incomplete 2018 director election.

Council chairman Duncan Coull said there is a range of scenarios and potentially the second election will not be held until early next year.

The constitution gives discretionary powers over the election procedure to the council and therefore the possibilities are quite wide-ranging, he said.

In the meantime, the board can appoint an interim director but not be one of the three unsuccessful candidates – Ashley Waugh, Jamie Tuuta and John Nicholls. . . 

Tahi Ngātahi enters the workplace:

Federated Farmers is pleased to see a new safety initiative made accessible for the wool industry workforce.

Education is key to improving most aspects of someone’s life, says Federated Farmers national president Katie Milne.

With that attitude in mind it is great to see the successful launch of health and safety programme Tahi Ngātahi at the New Zealand Agricultural Show today, she says. . . 

Sanford’s move up the value chain overcomes climatic vicissitudes –  Jenny Ruth:

 (BusinessDesk) – Sanford says annual earnings fell short of its expectations due to “challenging” climatic conditions leading to a decline in harvest volumes.

However, that impact was more than compensated for by the company’s efforts to extract more value from both its wild and farmed fish and seafood and its underlying earnings rose 1.5 percent.

The fishing company lifted net profit 12.9 percent for the year ended September to $42.3 million, but that was largely driven by an insurance settlement for damage caused to its Havelock mussel processing facility by the Kaikoura earthquake in November 2016. . . 

Te Wera forest agreements secures growth for Taranaki :

China Forestry Group NZ (CFGNZ) is once again backing local wood processing with a ground-breaking agreement on harvesting and processing wood from Taranaki’s largest forest.

China Forestry Group NZ and Taranakipine sawmill in New Plymouth have signed a supply agreement today that supports long term wood processing in New Plymouth and employment for the 170 workers at Taranakipine. It’s another initiative that demonstrates China Forestry Group NZ’s ongoing commitment to New Zealand. . . 

Apple and stonefruit industry members pleased relationship between MPI and US facility now heading in the right direction, but it is just the start for MPI :

The nursery and fruit-growing companies at the heart of the legal action against MPI over seized apple and stonefruit plants and plant material have been working hard to facilitate the rebuilding of the relationship between MPI and the USA-based Clean Plant Centre North West (CPCNW).

Overnight last night at the CPCNW facility in Prosser, Washington, representatives from MPI held their first face-to-face meeting with members of the CPCNW since a discontinued audit in March. . . 

B+LNZ calls for director nominations for annual meeting:

Beef + Lamb New Zealand (B+LNZ) today announced nominations have opened for two B+LNZ director roles and one position on its Directors’ Independent Remuneration Committee (DIRC).

Under the requirements of the B+LNZ constitution, two electoral district directors and one existing DIRC member retire by rotation at the Annual Meeting. . . 


Rural round-up

November 9, 2018

Fonterra board gets controversial voice back – Sally Rae:

Fairlie farmer Leonie Guiney has returned to the Fonterra board, vowing to solve the co-operative’s ”reputational issues”.

Shareholders voted to elect Mrs Guiney and Zespri chairman Peter McBride to the board and they will take office at the close of today’s annual meeting at Fonterra’s Lichfield plant in the Waikato.

Sitting director Ashley Waugh, Maori Television chairman Jamie Tuuta, and John Nicholls were unsuccessful.

Mrs Guiney, who farms near Fairlie and is director of four dairy farming companies, served on the board from 2014 until last year. . . 

Fonterra Shareholders’ Council report questions value-add strategy – Gerard Hutching:

Fonterra has failed to deliver “meaningful returns” on shareholders’ capital since inception in 2001, a new Shareholders Council report says, which questions the value-add strategy.

The much vaunted value-add business has returned only 0.2 per cent a year more than ingredients or commodities, “significantly below the 1.3 per cent a year premium needed to justify the increased risk”.

“This is important because the value-add business units are now using an increasing share of Fonterra’s capital. For the first five years since inception – 2002-06 – the value-add business accounted for 36 per cent of Fonterra’s capital. This has increased to 50 per cent of Fonterra’s capital over the last five years.” . . 

Reducing sediment loss explored at field days – Ella Stokes:

Sediment mitigation was a hot topic at the field days hosted by the Pomahaka Water Care Group last week.

The farmer-led group has an overall target of improving water health – first on farm and also in the Pomahaka River.

Last week, there were three field days held in the West Otago area to explore solutions to reduce sediment loss, which is a major issue in the area.

Landcare Research environmental scientist and Pomahaka Water Care Group (PWCG) co-ordinator Craig Simpson said they had up to 70 people at one of the events. . . 

Youngsters keep old-timers happy – Neal Wallace:

Transforming a run-down farm into a high performance stock unit was satisfying for Ron Davis and Roger Chittock but their greatest pleasure came from seeing youngsters trained on it go on to successful farming careers.

Chittock has spent 37 years and Davis 29 years on the management board of the Salvation Army’s Jeff Farm, a 2630ha sheep, beef and deer property between Clinton and Gore in eastern Southland.

But overseeing the development of the 30,000 stock units farm was only part of their enjoyment.

Jeff Farm’s primary role is to train youth for agricultural careers and the two retiring board members say seeing young people grow and move into industry jobs was immensely satisfying. . . 

Goats ready to earn their keep – Neal Wallace:

Three years ago David Shaw questioned why he was still farming Cashmere goats.

This month garments made from fibre harvested from goats on his south Otago farm will be on sale in a new Untouched World retail store opening in Wanaka.

Potentially, the resurrected cashmere market could take several tonnes of fibre and he believes having about 25,000 Cashmere goats is achievable.

He has 1000 goats on his farm and has readily identified 5000 on other farms that could be crossed with Cashmere bucks. . . 

The apparel industry has rediscovered the wool from corriedale sheep – Heather Chalmers:

Demand from sportswear and fashion companies is sending the price of a previously written-off type of wool to record levels.

This has led the dual-purpose corriedale sheep breed to make a comeback, after many farmers chose to shift to more meat breeds.    

Corriedale wool is in the mid-micron range, coarser than most merino fibre, but far finer than crossbred wool that comprises most of the New Zealand clip. . . 

Five new Nuffield scholars named :

Five Nuffield scholarships have been awarded for 2019. They have gone to two dairy farmers, a sheep and beef farmer, an arable farmer and an analyst.

Ben Hancock was raised on his family’s Wairarapa hill country sheep and beef cattle farm. He now works in Wellington for Beef + Lamb New Zealand as a senior analyst, still near the farm he often returns to.

After working in research and conservation roles in NZ, the United States and Panama Hancock did a doctorate investigating ecosystem services. . . 

 


Rural round-up

November 3, 2018

Fonterra fails test –  Hugh Stringleman:

Fonterra achieved a positive result in only one of its nine key performance indicators in the 2018 financial year, its Shareholders’ Council says.

That one positive was the milk price of $6.69/kg MS up 9% from the season before.

Negative achievements against targets were recorded for the total amount available for payout, earnings per share, consumer and food service volume, the gearing ratio, working capital days, return on capital, milk volume collected and employee injuries. . .

Law change could target farmers with poor environmental record – Maja Burry:

Farmers and other stakeholders are being asked to have their say on legislation governing the nearly $17 billion diary industry. 

In May, the government began a review of the Dairy Industry Restructuring Act (DIRA) 2001, which regulates Fonterra as the dominant player in the market to protect farmers, consumers and the wider economy.

The review will look at how the price of raw milk is set for farmers, how competitive the milk market is – as well as incentives for farmers to move into more sustainable production methods. . .

Fonterra acknowledges release of DIRA options paper:

Fonterra acknowledges the release today of the Government’s options paper on the review of the Dairy Industry Restructuring Act.

The Act is a complex piece of legislation and it’s important to New Zealand that the review is thorough.

We recognise the significant work that the Ministry for Primary Industries and Minister O’Connor have put into the document and we appreciate their high degree of engagement with industry so far. . . 

Not meeting honey rules cost Auckland businessman $26,000:

An Auckland businessman has been fined more than $26,000 for offences related to making false therapeutic claims about honey and failing to ensure he was a registered exporter.

Jonathan Paul Towers, 43, has been sentenced in the Auckland District Court and fined $26,300 after earlier pleading guilty to one charge under the Food Act and one charge under the Animal Products Act. . .

WIL locks in $11.5 M toward revised Dam cost:

To secure a 100-year water supply for Tasman and Nelson through the Waimea Community Dam, a group of local businesses has committed to invest $11 million in Waimea Irrigators Limited. Waimea Irrigators Limited (WIL) is issuing a Replacement Product Disclosure Statement (PDS) to shareholders today detailing its additional investment of $11.5 million in the $102 million Dam project.

In August it was announced that the cost of the project increased by $26 million. Subsequently, Tasman District Council (TDC) approved a revised funding proposal that included a greater WIL contribution. Through an investor vehicle and additional in loan funding from Crown Irrigation Investments Limited (CIIL), WIL can meet its commitment to the project. . . 

Bird Mask’ now available to buy

Off the back of some seriously positive chirping, Air New Zealand and material innovation brand Allbirds have made their collaboratively designed eye mask, dubbed the ‘Bird Mask’, available to purchase online and at selected Nordstrom stores in the United States. . .

From today, fans of the Bird Mask can purchase their very own mask through the Allbirds online store, the Air New Zealand Airpoints™ Storeand Air New Zealand merchandise store, and at Nordstrom stores in New York, Chicago, Los Angeles and San Francisco. . .


Rural round-up

September 14, 2018

Fonterra loss could be opportunity for change – Andrew McRrae:

Dairy farmers are hoping the massive financial hit taken by Fonterra will be used as an opportunity to reset the business for the future.

The dairy cooperative delivered a net loss of $196 million for the year ended July, after being hit by compensation payouts and investment write downs.

Revenue rose 6 percent to $20.4 billion.

Orini farmer Allan Crouch said even though a loss had been signalled, it was still very disappointing, especially compared to the $734m profit the year before. . .

Fonterra ponders Beingmate future as part of strategic review – Nikki Mandow:

(BusinessDesk) – Fonterra is looking at whether it should get rid of its disastrous Beingmate investment as part of an ‘everything up for grabs’ strategic review.

Speaking as the company announced the first full-year loss in its 18-year history, chairman John Monaghan said the company was doing a “full stocktake and portfolio review looking at all our major investments, assets and joint ventures to see how they are performing and where they fit with our strategy”. Beingmate was a key investment under the spotlight. . .

Co-op must do better:

The Chairman of Fonterra’s Shareholders’ Council Duncan Coull has said he is extremely disappointed with the Co-op’s 2018 Annual Results.

“There’s no denying that our farmers are unhappy with current performance, and this year’s results,” he said.

“The underlying result and its impact on earnings, dividend and carrying value is totally unacceptable and one that our farming families will not want to see repeated. Moving forward, it is imperative that our business builds confidence through achievable targets and at levels that support a higher carrying value of our farmers’ investment. . .

A thoroughly modern-day forward-thinking farmer – Pat Deavoll:

If ever there was the epitome of a thoroughly modern-day Kiwi farmer, the new Federated Farmers South Canterbury president would be it.

Jason Grant does it all. He owns and manages two dairy operations and a 1000 hectare dry stock farm, is a director of an irrigation company, an active member of two river catchment groups, a husband to Anna and father to Ruby (11), Oscar (12) and Wills (13), and of course, in his Federated Farmers role, an advocate for the local farming fraternity.

That he has a lot on his plate is an understatement. He says his life is “pretty full.” . . .

Farmers deserve recognition for their hard milk slog – Lyn Webster:

We are living in fantasy land where many people seem to think money grows on trees.

Well, it bloody well doesn’t!

Warning: I am grumpy because I have just lost my job due to impeding farm sale – more on that later.

About 25 per cent of New Zealand’s overseas revenue is generated by dairy farming, which is done by about 36,000 people.  That’s not many people to bring in a huge chunk of the country’s income.  

When the payout drops, which can happen overnight, it can affect your dairy farming business very badly very quickly.  Milk prices are volatile, sensitive to international demand and currency changes. Farmers put their seasonal plans in place, including stock numbers and a budget – if the milk price plummets, you pretty well have to suck it up because you haven’t got much wiggle room. . .

Funds run dry for beekeeper working to eliminate deadly parasite – Maja Burry:

A West Coast beekeeper says his bees are resistant to the varroa mite but that decades worth of work may be lost unless he can urgently pull together enough money to keep his business running.

Varroa mites infest bee hives, feeding on larvae and an infected hive usually dies within three or four years.

Westport beekeeper Gary Jeffery said he wanted to eliminate the parasite by distributing mite-resistant queen bees that he has bred around New Zealand. . .

Fonterra changes vindicated– Hugh Stringleman:

The calibre of new directors and nominees for the Fonterra board vindicates the governance changes and the downsizing of the board and outweighs the initial loss of experience, departing director Nicola Shadbolt says.

Her decision not to seek a fourth three-year term is in accordance with the guideline of nine years as the optimum and 12 years as the maximum.

The three candidates for vacancies around the board table announced last Monday are one-term sitting director Ashley Waugh along with Jamie Tuuta and Peter McBride. . .

Deer market doing well – Ashleigh Martin:

The deer market is achieving well at the moment, New Zealand Deer Farmers Association chairman John Somerville says.

“Venison prices are the best they’ve ever been and the velvet has been really stable for six or more years with some really good pricing.

“We’re hoping for slow steady growth of the deer market


Rural round-up

August 11, 2018

Our farmed meat is a green food – Neal Wallace:

Exporters are not shy in promoting New Zealand red meat as grass-fed and free-range but recent studies by Oxford and Otago Universities have lumped our system in with feedlots to claim the industry is environmentally degrading and unsustainable. Neal Wallace investigates the true environmental impact of grass-fed beef.

Work to differentiate the environmental footprint of New Zealand’s pasture-based red meat sector from feedlot systems that have a far greater impact has begun.

Beef + Lamb NZ chief insight officer Jeremy Baker said NZ grass-fed, free-range beef has been included in international studies that claim beef production is a major contributor to climate change. . . 

Fonterra fund units drop to 3-year low as investors grow dark on capital structure – Paul McBeth:

Aug. 10 (BusinessDesk) – Fonterra Shareholders’ Fund units, which gives outside investors exposure to Fonterra Cooperative Group, fell to a three-year low after the latest dividend downgrade added to scepticism about the efficacy of the cooperative’s structure.

The units dropped 2.7 percent to $4.97, adding to a 20 percent slide so far this year, and fell as low as $4.95, a level not seen since September 2015 when Fonterra was hit by a slump in global dairy prices and offered interest-free loans to its farmer shareholders to tide . . 

Fonterra announcement disappointing, definitive plan of action required:

Duncan Coull, Chairman of the Fonterra Shareholders’ Council, has expressed his absolute disappointment with today’s Board decision to reduce the 2017/18 forecast Farmgate Milk Price by five cents to $6.70 per kg/MS in order to support the balance sheet, and the decision to retain more of the Co-op’s earnings which will likely see no further dividend payment to Shareholders over the 10 cents distributed earlier in the year.

Mr Coull: “I can understand the Board’s rationale and that it is prudent to protect the balance sheet, but the fact that we find ourselves in this situation is unacceptable. . .

Fonterra’s credit rating safe but Shareholders’ Council labels payout cut ‘unacceptable‘ – Rebecca Howard:

(BusinessDesk) – S&P Global Ratings said there is no immediate impact on its rating on Fonterra Cooperative Group from the group’s lower farmgate milk price and dividend guidance for the year ended July 31, issued this morning.

However, the Fonterra Shareholders’ Council expressed deep disappointment, saying “the fact that we find ourselves in this situation is unacceptable” and took the unusual step of questioning the cooperative’s value creation record at a time when a new chief executive is being sought and the chairmanship has unexpectedly changed. . . 

Three Rivers catchment group catch up in Southland – Nicole Sharp:

Southland farmers are leading the way in environmental practices and 17 catchment groups are now established in the region. With six more in the wings, and half the region covered, reporter Nicole Sharp looks into some of the achievements to date.

When a group of farmers put their minds to it, anything is possible.

That is how the catchment group idea started in 2013, when some farmers in the Balfour area formed a group. . . 

Canterbury woman Ash-Leigh Campbell elected new chair of NZ Young Farmers Board:

A woman is at the helm of the NZ Young Farmers Board for the first time in 12 years.

Ash-Leigh Campbell was elected chair of the eight-member board yesterday, replacing Jason Te Brake.

The 27-year-old is a technical farm manager with Ngāi Tahu and helps oversee the management of eight dairy farms.

“I feel extremely privileged to be elected chair. I’m really looking forward to the role,” said Ash-Leigh. . .

Cereal yields down but growers remain positive:

Total hectares sown in wheat and barley this season is predicted to decrease by around 8%, but growers are positive about future prospects, Federated Farmers Arable Chairperson Karen Williams says.

Results from the Arable Industry Marketing Initiative (AIMI) July 1 Cereal Survey are out and confirm average yields are down compared to last season. Milling and feed wheat yields were down 12%, malting barley down 9%, feed barley down 10%, milling oats down 17% and feed oats down 6%.

“This is no surprise and reflects variable growing conditions (hot, dry, wet, cold) throughout the key crop establishment periods in late spring and early summer,” Karen says. . . 

Major international agritech announcement expected for NZ

In less than a fortnight, more than 30 New Zealand agritech leaders will make history in Silicon Valley.

They will be part of the international 2018 Silicon Valley agritech immersion programme and Conference, involving Silicon Valley Forum, Tauranga’s Wharf42, Agritech New Zealand, Callaghan Innovation, and New Zealand Trade and Enterprise.

Agritech New Zealand executive director Peter Wren-Hilton says the four-year-old Silicon Valley agritech connection will have a significant and long-term impact on New Zealand’s emerging agritech sector. . . 

Kerrygold butter is being taken to court over ‘false’ grass-fed cows claim – Katie Grant:

Customer can’t believe it’s not butter made from exclusively grass-fed cows

The company behind Kerrygold butter is facing legal action for advertising its products as being made from the milk of grass-fed cows.

A US customer has taken umbrage with the butter maker, hitting it with a class action lawsuit claiming that Kerrygold has “misled” consumers, leaving them “unable to exercise their right to choose grass-fed products”.

Kerrygold cow diet Kerrygold cows are fed grass, but not exclusively – they also eat various grains such as soy and corn at certain times of the year, according to Dyami Myers-Taylor, the customer in question. . .


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