43 jobs axed at Mossburn works – Simon Hartley:
Silver Fern Farms has axed more 43 Mossburn meatworkers’ jobs as it rationalises killing shed numbers across the country.
While the closure is vaunted as an ”opportunity” for Silver Fern Farms, the Northern Southland job losses will gut the micro-economy of Mossburn, with its population of barely 200.
The new killing season at Mossburn was just about to start; now, plant decommissioning will start next month. . .
Devastating news for small town – Tracey Roxburgh:
The Deer Capital of New Zealand received a body blow yesterday when news broke of Silver Fern Farms’ plans to close its venison plant.
The mood in Mossburn yesterday afternoon was sombre and while no-one spoken to by the Otago Daily Times seemed surprised by the proposed closure of the plant, which employs 43 staff, all agreed it was devastating for the small town.
Silver Fern Farms announced in a statement it was consulting staff at its South Island Mossburn venison plant and at its North Island Wairoa mutton processing plant, on ”options for closing the two small sites”. . .
Meat exporters are unfazed by a campaign to shift the world away from meat to plant protein.
A group of 40 investment companies, managing about $1.8 trillion in assets, have launched a campaign to encourage 16 major companies including WalMart, Unilever, Nestle, Kraft Heinz, and Tesco, to change the way they source protein for their products, in an effort to reduce environmental and health risks.
The investment companies, brought together by the Farm Animal Investment Risk & Return (FAIRR) Initiative, have warned about the impact of meat production on the planet.
“The world’s over reliance on factory farmed livestock to feed the growing global demand for protein is a recipe for a financial, social and environmental crisis,” said Jeremy Coller, founder of the FAIRR Initiative and chief information officer of Coller Capital, one of the investment firms involved in the campaign. . .
Aquaculture – a “healthy” portfolio ingredient
Salmon is on the menu at both the NZX Main Board (NZX) and the ASX with the listing today (19 October) of the world’s largest aquaculture producer of King salmon.
The initial public offer (“IPO”) for Nelson / Marlborough-based New Zealand King Salmon was for 69.2 million ordinary shares, quoted under the ticker NZK.
With the government supporting well-planned and sustainable aquaculture growth, New Zealand King Salmon sought $30.0 million in new capital to repay debt, and to fund future investment and working capital.
As a result of the fully subscribed IPO, and based on the $1.12 price per share, the company’s market capitalisation is $154.5 million, excluding certain shares offered under an employee share ownership plan. . .
Three red meat producers and a Central Otago wine business will be up against each other for the finals of the Lincoln University Foundation 2016 South Island Farmer of the Year at Lincoln University on November 16.
The four finalists are:
James Dicey, a viticulturist and owner of Grape Vision Limited based in Bannockburn, Central Otago.
Lauren and Geoff Shaw, sheep and beef farmers in Central Otago, near Ranfurly.
Lyn and Neil Campbell, Campbell Farms, Middle Valley, near Fairlie in South Canterbury farming sheep, beef, bulls and deer, and arable crops.
Simon Lee, Manager Mendip Hills Station, Parnassus, North Canterbury, farming sheep, beef and deer.
Foundation Chair Ben Todhunter says he’s looking forward to a great finals night on November 16. . .
With the average age of New Zealand farmers pushing 60, and land values on a steady increase, it’s no surprise succession planning is currently top-of-mind for the agricultural industry.
In fact, leading commentators see private farm succession as the single biggest challenge for the industry to overcome during the next decade.
Dairy Women’s Network and its partners ASB and Crowe Horwath are coming together to offer support to farmers around this daunting and extremely personal, but important issue, over the next few months.
The partners will be delivering free succession planning workshops across the country, over the next six months. . .
“Challenges facing the NZ timber industry are real and significant but the industry is generally in a good demand cycle and sentiment is positive” says New Zealand Timber Industry Federation (NZTIF) president, John McVicar.
“Domestic demand for timber is very strong at the moment” he said.
“However the upside was tempered with a number of very real challenges facing the industry.” . .
The Commerce Commission today released its draft report on its annual statutory review of Fonterra’s Milk Price Manual for the 2016/17 dairy season. The Commission’s draft finding is that the 2016/17 Manual is largely consistent with the purpose of the milk price monitoring regime under the Dairy Industry Restructuring Act 2001 (the Act).
Deputy Chair Sue Begg noted that most of the Manual remains unchanged.
“The most significant amendment introduced this year is the inclusion of Fonterra’s sales outside the GlobalDairyTrade auction platform for whole milk powder, skim milk powder and butter milk powder. This shift could result in an increase in the milk price for the 2016/17 season of five cents per kilogram of milk solids,” Ms Begg said. . .
Fonterra’s GM Transport and Logistics Barry McColl has been named Road Risk Manager of the Year at the Australasian Fleet Safety Awards.
The award recognises his role in maintaining the safety of more than 1,600 drivers in 500 tankers travelling more than 90 million kilometres a year.
Fonterra Director New Zealand Manufacturing Mark Leslie said the award is a great tribute to the outstanding work of Mr McColl and his team. . .