Rural round-up

September 19, 2017

Guiney misses out on selection – Hugh Stringleman:

One long-serving director and two newcomers are the preferred candidates for three Fonterra board seats this year leaving sitting board member Leonie Guiney out in the cold.

They were former Fonterra Shareholders Council chairman and nine-year director John Monaghan, of Wairarapa, former Deer Industry New Zealand chairman and farm consultant Andy Macfarlane of Mid-Canterbury and PWC partner and National Fieldays Society board member Brent Goldsack, of Waikato.

The three were named as independent nomination process candidates for three vacancies among seven farmer-director seats on the Fonterra board. . .

Palmerston North farmer Peter Bills owns more machines than most – Samantha Tennent:

Not many contractors or services agents come through the gate of Te Rata Farm at Linton, owned by Peter and Kim Bills. The Bills try to be as self-sufficient as possible across their business.

The Bills run a pretty taut ship, keeping costs down by doing all their own cultivation, mowing and bailing. They admit they own more gear than the average 260-cow farm; almost the only piece of equipment they don’t have is a harvester.

“It keeps costs down for us but more importantly we aren’t relying on a contractor to get the work done. . .

Weather hits somber pea growers – Annette Scott:

There’s been no compensation for Wairarapa pea growers heading into their second season of a two-year pea moratorium.

And on top of wet weather that meant they could not get crops in the ground put farmers in a pretty sombre mood, Wairarapa cropping farmer Karen Williams said.

Williams, the 2017 Biosecurity Farmer of the Year, was an integral part of the grower group working alongside farmers and the Ministry for Primary Industries in the pea weevil response. . .

Restrictions lifted on feijoas in Taranaki after being cleared of myrtle rust threat – Gerald Piddock:

Feijoa lovers can breathe a sigh of relief after ministry officials put the plant in the low risk category for infection from myrtle rust.

Growers will also be relieved after the Ministry for Primary Industries lifted restrictions for moving feijoa plants in and out of Taranaki after it concluded there was little risk of them spreading myrtle rust.

Since myrtle rust was found in New Zealand earlier this year, there had not been a single feijoa plant found with the infection, the New Zealand Plant Producers Incorporated said in a statement. . .

From milk to medicine with DFE Pharma – a farmer’s journey from Taranaki to Europe:

Under the mountain in Kapuni, Taranaki, our farmers’ milk is being made into something pretty remarkable.

Our Kapuni site focuses on producing pharmaceutical lactose, a key ingredient in inhalers helping people around the world manage their asthma.

The lactose we make at Kapuni is the most pure lactose you can make in the world. And in short, gets the medicine in powder inhalers to where it’s needed – the lungs. . . 

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Rural round-up

September 14, 2017

Maniototo farmers challenge Ardern to visit them on water tax

A group of Central Otago farmers are challenging Jacinda Ardern to visit their farms to discuss Labour’s water tax plans.

The group of women, known as Water Maniototo, say they cannot afford a royalty on irrigated water, planned at one to two cents per thousand litres of water, and it could drive some off their land.

Francine Hore, who farms sheep at Patearoa, says she supports fixing up the nation’s waterways, but many farmers are doing everything they can already. . . 

Lambs hit $7/kg – Annette Scott:

Low global stocks pushing lamb markets above the odds for this season is positive news for the New Zealand sheep industry but farmers are not yet jumping with excitement, Federated Farmers meat and fibre chairman Miles Anderson says.

Latest trade statistics revealed average export prices for both chilled and frozen product were tracking well above any prices seen in recent years, including 2011, the last time NZ saw such strong global demand for lamb.

Demand for chilled lamb had held solid in recent months, driven by the tight supply with chilled prices reaching historically high levels. . . 

Broken business makes comeback – Annette Scott:

From a business that was “essentially broken” to one recording a modest profit in less than 12 months, NZ Yarn is now poised to add value for New Zealand woolgrowers.

Over the past year the Canterbury yarn processor has spun its own turnaround project.

Getting back on its feet to lift returns for farmers and shareholders had been the focus of NZ Yarn’s reinvention, chief executive Colin McKenzie said.

“A year ago the business was essentially broken.

“We have reinvented, repositioned and resized operations and moved from making sizeable losses to recording our first modest profit in July,” McKenzie said. . . 

Millions tune in watch start of fresh NZ milk sales to China through Alibaba – Gerald Piddock:

Milk New Zealand’s trade agreement with global online retailer Alibaba has been launched with millions of Chinese consumers tuning in to watch the event.

The Chinese-owned company’s Collins Road Farm is just south of Hamilton and its 29 New Zealand farms will supply Alibaba with fresh milk to be sold on its online platform.

Organisers of the launch rented a satellite facility for the day to enable it to be live streamed directly to China. In attendance were 10 of China’s biggest social media influencers including Yuni and Joyce, who are known as the Chufei Churan twins in China.

The pair are considered the Chinese Kardashians with social media follower numbers larger than New Zealand’s entire population. They and other influencers videoed the event and the farm directly to their followers in China. . . 

Water royalty point of divergence – Nicole Sharp:

Water and the environment are two of the key talking points for Southern Rural Life readers this coming election. As voting day fast approaches, reporter Nicole Sharp talked to the candidates in the rural electorates of Waitaki and Clutha-Southland about these two issues that will affect rural voters.

Water is crucial to the agricultural sector and all candidates and their parties standing in the Waitaki electorate this upcoming election want to do all they can to preserve water quality now and in the future, they say.

Current Waitaki MP and National candidate Jacqui Dean said National’s new policy statement on freshwater, which was announced last month, would pursue a target of 90% of rivers and lakes swimmable by 2040. . .

 

Canterbury cropping farmer embraces environmental limits – Tony Benny:

Third-generation Canterbury cropping farmer David Birkett isn’t phased by tougher environmental regulations and says they can even lead to an improved bottom line. He talked to Tony Benny.

David Birkett’s farm is near Leeston, not far from what has been called New Zealand’s most polluted lake, Te Waihora/Ellesmere, and he’s well used to close scrutiny of the environmental effects of farming there by the regional council, members of the public and media.

“There’s a bit of pressure on farmers but they gain out of it, that’s the silly thing. I can’t understand someone who doesn’t bother to try to do the best they can because your bottom line is going to be better,” he says.

“Doing some measuring and making sure you know what’s needed, most of the time you’re actually financially better off than what you’d previously been doing.” . . 

Adding value more than just adding cost – Nigel Malthus:

The term ‘value added’ is too often used as a vague generic, and farmers need to consider specific strategies for adding value, says Rabobank analyst Blake Holgate.

Speaking at the recent Red Meat Sector conference in Dunedin, Holgate noted that most lamb was still exported frozen, returning $6906/tonne instead of chilled at $11,897/t.

“By and large we’re still treating sheep meat as a commodity market, so the lower value frozen export market still makes up about 80% of what we export, while the higher value chilled market, that’s worth nearly twice as much per tonne, is only 20%. . .


Rural round-up

September 1, 2017

Low methane producing sheep could be way forward for NZ – Brittany Pickett:

Sheep giving off lower methane emissions are being bred by scientists now looking to see if they can produce leaner meat and more lambs.

Methane from livestock is responsible for 33 per cent of New Zealand’s greenhouse gas emissions. As part of international agreements, New Zealand is committed to cutting these emissions.

“New Zealand has the issue that they can’t do this by cutting urban emissions or planting trees,” AgResearch senior scientist Suzanne Rowe said.

Scientists at Invermay have been involved in a five year programme to measure whether breeding sheep for low methane is likely to affect reproduction, productivity and health. . .

Dairy farmers discovers the secret of a happy workforce – Esther Taunton:

Faced with a line-up of ‘zombies’ of his own making, dairy farmer Stuart Taylor knew something had to change.

“I looked at these beautiful young people who I’d promised a life and a career and I’d turned them into zombies,” he said.

“I’d made them work from 3am to 6pm and they were broken, the way we were doing things was broken.”

Speaking at DairyNZ’s Taranaki Rural Professional’s Conference in Inglewood, Taylor said the realisation that things weren’t working was the start of a culture change on his Rangitikei farm. . .

Labour manipulating farmers brilliantly over proposed water tax – Gerald Piddock:

Farmers have played right into Labour’s hands with their outcry over their water tax policy.

Last month has seen floods of claims, counter claims, accusations, conflated figures of its impact and downright hysteria in some quarters of the rural sector.

Thankfully, the vast majority of dairy farms in Waikato are dryland apart from a handful that irrigate in South Waikato, so it will have a minor effect on farmers in this region.

A cynical person would see the tax as a simple, clever vote grab of the urban sector by the Labour Party. . .

MPI sniffer dog joins stink bug fight:

A bug-sniffing detector dog introduced by the Ministry for Primary Industries will help stop the potentially devastating brown marmorated stink bug from making a home in New Zealand.

An MPI labrador (named Georgie) demonstrated her sniffing skills on stage today by locating dead stink bugs hidden in a harvesting machine at the New Zealand Winegrowers conference in Blenheim.

MPI will have two trained dogs ready to sniff out stink bugs this summer, including a specialist dog to assist with detecting the pest in the event of an incursion, says MPI Border Clearance Director Steve Gilbert. . .  

Read the rest of this entry »


Rural round-up

June 5, 2017

It’s Complicated: Is NZ Media’s Relationship with Kiwi Farmers Busted? – Ben Stanley:

I’m a farm kid, and a journalist, and right now that’s an awkward position to be in.

There’s a name you don’t say out loud in rural New Zealand right now unless you want to draw scorn and outright disgust.

It’s the name of one of my childhood heroes.

For the majority of the 1990s, Cameron Bennett was New Zealand’s foreign correspondent; our eye on international conflict and disaster. He’d travel to Iraq, Russia, Afghanistan and the West Bank and report back home with his gritty, but revealing, insights on war and why people make it. . .

A water battle looms in NZ’s Middle-Earth desert – Matthew Brockett & Tracy Withers:

In the rugged heart of New Zealand’s South Island, a high-altitude desert where the men of Middle-Earth made their last stand in the “Lord of the Rings” movies has become a battlefield once again.

Environmentalists and farmers are clashing over the Mackenzie Basin, an area known for its scorched-brown grasslands and crystal-blue lakes – and now, massive irrigation systems that are spreading circles of emerald-green pasture across the Mars-like terrain.

“It’s similar to greening the desert of Nevada or California,” said Annabeth Cohen, a freshwater scientist at environmental group Forest and Bird. . .

Mackenzie Basin set to lose $1.2b in farming production if wildings aren’t controlled  – Pat Deavoll:

The Mackenzie Basin could lose $1.2 billion in farming production a year if the spread of wilding conifers is not brought under control, said Ministry of Primary Industries (MPI) wilding programme manager Sherman Smith.

Few species would survive if the basin was smothered by wildings, he said.

“If the basin is taken over by wildings, that’s 50 cumecs (of water) drained out of the Waitaki system, biodiversity that would suffer and there would be a lot of species that wouldn’t survive,” said Smith at the Federated Farmers High Country Conference, . .

Cut debt or go  – Hugh Stringleman:

Dairy farmers with unsustainable debt who can’t build equity buffers with profits should exit the sector, Reserve Bank governor Graham Wheeler says.

But Federated Farmers dairy chairman Andrew Hoggard says Wheeler used outdated figures when he warned the dairy sector was still a financial risk to the economy and banks should monitor it closely.

“The uncertain outlook for dairy prices and the rising proportion of highly indebted farms means there remains a risk that non-performing loans could increase in coming seasons. . . .

Whitehall kiwifruit growers come out the other side of Psa disease – Gerald Piddock:

It’s been a slow road to recovery for Mark and Robyn Gardiner since Psa ripped through their kiwifruit business.

Called Seudomonas syringae pv. actinidiae, the deadly viral disease was first discovered at their 200 hectare Whitehall Fruitpackers operation in 2010.

Left unchecked, Psa destroys green and gold vines and spawns leaf spotting, cankers and shoot dieback.

At the worst point of the outbreak, Mark cut out 40ha of his 16 Gold kiwifruit crop as well as partial cuttings of green fruit. At the same time, the more resistant G3 variety was grafted to the vines. . .

Farm win gets civic reception – Hugh Stringleman:

Winning the Ahuwhenua Trophy for Maori Excellence in sheep and beef farming was the achievement of a lifetime for Northland farm manager Lloyd Brennan and his staff, he told Hugh Stringleman.

The Ahuwhenua Trophy might be scheduled for another visit to Kaikohe, the Northland town that needs to celebrate success and encourage more young Maori into farming.

A civic reception was being planned by the Far North District Council with the Omapere Rangihamama Trust (ORT) and its board of trustees, headed by Sonny Tau. . .

National ambassadors for sustainable farming recognised:

The winners of the national ambassador title for the Ballance Farm Environment Awards describe their farm as the largest lifestyle block in Taranaki.

Ohangai sheep, beef and dairy farmers Peter and Nicola Carver won the National Ambassador title over 10 other regional supreme winners at the National Sustainability Showcase event at the Ascot Park Hotel in Invercargill on May 31.

Operating as Holmleigh Trust Partnership, the couple combine dairy and dry stock farming on their 515ha family property east of Hawera. . .


Rural round-up

March 30, 2017

Taihape farmer opens up about depression – Gerard Hutching:

Taihape farmer Dan Mickleson has spilled his heart out on Facebook after a second bout of depression, and has been overwhelmed by the response. 

“The reaction’s gone way beyond anything I imagined when I asked them to post it. I thought it might get 100 likes and 20-odd comments but when they sent me the tracking stats this morning it’s reached over 130,000 people,” he said.

Entitled “Real Men Don’t Cry”, the 1000-word admission of Mickleson’s struggles was posted on the NZ Farming Facebook page.

I’m a food producer not a farmer: Richard Kidd  – Gerald Piddock:

Richard Kidd is not just a sheep and beef farmer, he is a food producer.

It is a small but subtle twist on words that he believed has helped him better connect with urban consumers.

Just calling himself a farmer was too broad, he said.

“We have a better story to say than we are just farmers. We are producing food that the public has to eat and I think they deserve to know that it’s well farmed, as free as chemicals as possible and a good story behind it.” . . 

Engineering student’s start-up has billion-dollar prospects – Madison Reidy:

Growing up on a 300-cow dairy farm in Matamata exposed Craig Piggott to the problems farmers face.

With a first class honours engineering degree and a year’s experience building rockets for Rocket Lab under his belt, he is now solving them with his own agri-tech invention. 

Piggott, 22, came up with the idea for a GPS tracking, solar powered cow collar while studying at Auckland University. The idea could not wait until he graduated, he said. . . 

Strong environmental gains on farm show opportunities:

Substantial reductions in the intensity of greenhouse gas emissions at a South Canterbury farm show environmental gains can be made hand in hand with a farm’s growth, scientists say.

Record keeping back to 1991, when Bill and Shirley Wright took on the sheep and cattle farm at Cave, has allowed scientists to study the profile of greenhouse gas emissions over time in an evolving farm system.

Analysis of the Wrights’ farm system in the last couple of years has also provided important insights into nitrate leaching (the loss of nitrogen), and what impacts on the amount of leaching and how best it can be managed. . . 

Synlait posts 3.8% gain in 1H profit, expects ‘modest’ full-year earnings growth – Tina Morrison:

(BusinessDesk) – Synlait Milk, the NZX-listed dairy company, posted a 3.8 percent lift in first-half profit as higher sales offset increased investment in people and business development.

Profit increased to $10.6 million, or 6.34 cents per share, in the six months ended Jan. 31, from $10.2 million, or 6.99 cents, a year earlier, the Rakaia-based company said in a statement. Sales jumped 35 percent to $288.7 million. The year-earlier earnings included a $2.9 million unrealised foreign exchange loss. . . 

Fonterra Launches Popular New Maternal Nutrition Programme in Hong Kong:

Fonterra has launched a unique nutrition programme for pregnant women in Hong Kong, developing a website endorsed by professional dieticians to give women access to healthy, nutritious at-home dining recipes and tips for eating well when dining out during pregnancy.

The programme, called ‘Anmum You & B’, also offers access to fine dining seminars where pregnant women can receive personalised food and nutrition advice from certified dieticians.

The programme’s introductory video was viewed more than 1.5 million times in one week – accounting for more than half of the 3.5 million females living in Hong Kong. . .

Te Aroha owners take role in governing their land:

Over 2000 owners of Te Aroha Aggregation farm in Waihi are celebrating a major milestone in its development, with an open day on Saturday. The day signifies the start of responsibility for the farm being passed back to the owners.

For the last three years, owners and trustees of the Māori-owned dairy farm have been supported by Te Tumu Paeroa to develop the skills and experience in governance so they can self-manage the successful enterprise.

Since 1989, Te Tumu Paeroa have been responsible trustee to Te Aroha Aggregation. Saturday’s ceremony signifies an important step for owners in the transition of management responsibility to them. . . 

Breakthrough genetics looking at cutting nitrogen leaching by 20% in NZ – CRV Ambreed:

CRV Ambreed has made a genetic discovery that it anticipates will result in a more sustainable dairy industry and potentially reduce nitrogen leaching on New Zealand farms by 20% within 20 years.

In what’s thought to be an international first, the dairy herd improvement company has announced it will market bulls that are desirable for traditional traits as well as being genetically superior for a new trait that is related to urea nitrogen in milk.

CRV Ambreed is now selling semen from bulls whose daughters will have reduced concentration of Milk Urea Nitrogen (MUN) under a LowN Sires™ brand. MUN is a measure of the amount of nitrogen contained as milk urea, and CRV Ambreed R&D Manager Phil Beatson says there’s overwhelming international evidence of a direct connection between MUN and the amount of nitrogen excreted in urine when fed different diets.  . . 

 


Rural round-up

March 8, 2017

Farm recruiter backs PM’s claims around drugged up Kiwi workers –  Gerald Piddock:

A Hamilton-based farm recruitment agency is backing Prime Minister Bill English’s claims that Kiwi workers’ inability to pass drug tests are why overseas workers are needed.

Cross Country Recruitment managing director Ben De’Ath​ said that since December 4, 2016, 21 individual farm owners have contacted him seeking new staff because they have had to instantly dismiss staff due to failed drug tests for methamphetamine or cannabis.

Three-quarters of these farm owners were in Waikato and the rest were in the Central Plateau. These farmers were now short staffed purely because of illegal drugs, he said.

De’Ath said his company started to record why vacancies were arising in December because it helped make a case to Immigration New Zealand for foreign workers on behalf of farm owners. . . 

Plea to pay tribute to rural women:

Rural women are vital to resilience in rural communities and families and New Zealanders should pay tribute to their role tomorrow, which is International Women’s Day, a rural health leader says.

Michelle Thompson, chief executive of the Rural Health Alliance of Aotearoa New Zealand (RHAANZ), says women are often the glue which holds families together in tough times.

“They are essentially the backbone of the NZ economy. After all, about 600,000 Kiwis live in rural areas and agriculture and tourism are the powerhouses of our economy,” Thompson says.

“Each year, more than two and a half million tourists visit rural New Zealand. In 2011-2012, $40 billion, or 19 percent of GDP, was generated directly or indirectly by the agri-food sector.

“If the spending power of rural people is considered, then the contribution of the agri-food sector is $53 billion, or one dollar in every four dollars spent in the economy. Rural women play a crucial role in making all this happen. . . .

New youth opportunities in agriculture sector:

TeenAg, an agriculture sector youth programme run by New Zealand Young Farmers, will receive $146,000 of support under a new partnership announced today by Youth Minister Nikki Kaye.

“This is about supporting more young people to develop skills such as leadership and learn about potential career opportunities in the primary sector, which is such a vital part of our economy,” says Ms Kaye.

“TeenAg aims to promote a positive picture of agriculture and raise awareness of agricultural careers from an early age.

“The funding announced today will support around 500 more young people to participate in the programme.” . . 

Hunter Downs irrigation funding welcomed:

Primary Industries Minister Nathan Guy is welcoming a funding grant of $1.37 million for Hunter Downs Water from Crown Irrigation Investments announced today.

“This development grant funding will be used by Hunter Downs Water to complete the next stage of its programme as it works toward becoming construction ready,” says Mr Guy.

Hunter Downs Scheme is a farmer and community led scheme with the capacity to irrigate 21,000ha in an area located between Waimate and Timaru in South Canterbury. …

A Celebration of Women in the Seafood Industry:

Nelson will launch a rolling programme of events around the globe tomorrow, International Women‘s Day, to celebrate the role women play in the seafood industry.

Seafood women in Iceland, the United States, Chile, Europe, Australia and New Zealand are taking part.

Donna Wells of Nelson’s Finestkind is organising a breakfast, the first event of rolling celebrations around the globe.

Around 60 women in the seafood industry are attending the breakfast to be opened by the Mayor, Rachel Reese. . . 

Lamb flap prices hit record high as NZ slaughter rates decline – Tina Morrison

 (BusinessDesk) – A shortage of lamb meat in New Zealand, the world’s largest exporter, is pushing up prices, with lamb flaps hitting a record high and prices for many other cuts lifting in export markets.

The price for lamb flaps advanced to US$5.60 per kilogram in February, from US$5.50/kg in January and US$3.45/kg in February last year, according to AgriHQ’s monthly sheep & beef report. That’s ahead of the previous record set in January 2014.

New Zealand slaughter rates for lamb so far this season are tracking 13 percent below the same period a year earlier at 7.17 million lambs, according to NZ Meat Board data. . . 

Over $15m in Developments for Winter 2017 at Cardrona Alpine Resort:

Developments for the 2017 winter season at Cardrona have totalled over $15million, with continued investment in the resort’s facilities and infrastructure. The investment includes a new high speed cabin lift, Base facility development, and improvements in terrain, carparking and snowmaking.

The biggest development for Winter 2017 is the new McDougall’s Express Chondola. The Doppelmayr “combined” lift of eight-person gondola cabins and six-seater chairs will replace the old McDougall’s Quad Chair. It is the first cabin-style lift on any ski area in New Zealand. . . 


Rural round-up

February 24, 2017

Isn’t agriculture really just at war with liberals? – Uptown Farms (Kate Lambert):

Last week after a speech, a young college student approached me. Eager to connect, she started with, “Do you ever get completely frustrated with these liberals?”

Her question was intriguing to me. Not because it was unique, the exact opposite. Because it was so common.

Almost without fail, when I get the chance to talk to producers about the desperate need to tell the story of agriculture, someone asks a similar, politically loaded question.

But it’s a fair question, isn’t it? In this politically correct era, surely a blogger can still call a spade a spade?

Because isn’t the reality that our enemies are easily identifiable? Isn’t agriculture really just at war with liberals? . . .

WTO agreement a victory for NZ exporters:

Trade Minister Todd McClay has welcomed the entry into force of the WTO Trade Facilitation Agreement (TFA) saying it is a big win for New Zealand exporters.

“The TFA will benefit all New Zealand exporters and is particularly good for small and medium sized enterprises. The TFA reduces the cost, administration and time burden associated with getting products across borders and into the marketplace,” Mr McClay says.

“New Zealand’s agricultural exporters will also benefit significantly from a provision to hasten the release of perishable goods within the shortest possible time.”

A rising tide of protectionism could hit NZ dairy sector hard: NZIER –  Rebecca Howard:

(BusinessDesk) – New Zealand’s economy would be hard hit if there is a retreat to protectionism in the global dairy sector, a report from the New Zealand Institute of Economic Research has found.

“In the current global trading system, the tide of protectionism is rising. Brexit and the initial trade policy proclamations by Donald Trump both point to a challenging environment for further trade liberalisation, at least in the short term,” said NZIER in the report for the Dairy Companies Association of New Zealand. Against this backdrop there is an increasing risk that tariffs could be lifted rather than reduced, it added. . . 

Bobby calf death rate halved over a year – but still room for improvement – Gerald Piddock:

Bobby calf deaths more than halved after a big improvement in their transportation welfare last spring.

A new report from the Ministry for Primary Industries showed the mortality rate went from 0.25 per cent in 2015 to 0.12 per cent last year.

Last year 2255 calves were reported dead or condemned during the time they were collected for transport to their slaughter from 1,935,054 calves processed.

Young NZers chase endless shearing season – Alexa Cook:

The declining number of sheep in New Zealand and changes in weather patterns are driving more shearers to chase work around the globe.

The national sheep flock is now about 27 million, a big drop from the 70m or so sheep that the country had in 1982.

Jacob Moore from Marton is part of a group of about 60 young shearers who follow the summer seasons for work.

Mr Moore said for shearers who were at the top of their game and established locally, there was full-time work and contractors tended to hold on to them for many seasons.

Wool market strengthens:

NZ Wool Services CEO John Dawson reports 4600 bales on offer this week saw an 87 percent clearance with mostly positive results, with lambs wool increasing considerably.

The weighted currency indicator is down 0.34 percent having a small but positive impact.

More growers are continuing to hold back wool, further reducing volume which is restricting supply in some categories.

Mr Dawson advises compared to the last South Island selection on 16 February; . . 

A2 CEO, chair sell down holdings following strong first-half earnings – Sophie Boot:

(BusinessDesk) – A2 Milk Co’s chief executive and chair have sold down their stakes in the milk marketing firm, less than a week after reporting first-half profit more than tripled as demand for its A2 Platinum infant formula surged in its key Australia, New Zealand and China businesses.

Chair David Hearn sold 1 million shares for about $2.5 million, or $2.48 a share, on Friday, while chief executive Geoffrey Babidge sold 900,000 shares for $2.2 million, or an average price of $2.49, yesterday. Hearn gained the shares by exercising 1 million of his 5 million options, for which he paid $630,000, with the sale to facilitate a property transaction in the UK to move his personal residence, according to documents published to the NZX. . . 

Maize crops ‘worst in 30 years’ – Alexa Cook:

Farmers in drought-hit Northland battling with a shortage of stock feed are also experiencing the worst maize harvest in 30 years. . 

Northland Regional Council is warning farmers to be careful with feed reserves and not get too excited about the recent rain.

The council said the drought meant some farmers had already used up their extra supplementary feed, which was being saved for the autumn and winter months.

Northland dairy farmer Even Sneath said it had been a terrible season for growing crops. . . 

Busy summer for MPI biosecurity staff:

Faced with record numbers of international visitors this summer, Ministry for Primary Industries biosecurity staff have intercepted risk goods ranging from the bizarre to the potentially devastating for New Zealand’s economy and environment.

Some of the unusual airport interceptions so far this summer include:

• A chilly bin of live spanner crabs from Thailand presented to officers at Wellington Airport.

• Fruit fly larvae in mangos found at Auckland Airport inside a suitcase from Malaysia jammed full of plant produce and other food. . . 

New Zealanders Offered Sweet Investment:

New Zealanders are being invited to invest money for honey in a revolutionary hive sharing initiative launching today.

Whanganui-based Canaan Honey has launched a PledgeMe crowdsourcing campaign for investors looking to get a sweet return: a lifetime supply of honey.

A launch party last night saw the season’s first harvest of honey with a 3kg bonus honey offered to the first 10 signups.

Hive Share lets backers around New Zealand become beehive owners, without the fuss of having to look after the hive. . . 


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