Rural round-up

May 2, 2019

Wearing wool is better for skin than synthetics -Heather Chalmers:

Wearing natural fibres like wool is not only better for the environment, but also your skin health, research shows.

AgResearch bio-product and fibre technology science team leader Stewart Collie said wool was the world’s most sophisticated fibre in terms of its structure and composition. “These give the wool fibre its amazing functionality.”

For the skin health project, AgResearch created special garments that had the upper back portion split in two, with one half made from wool and the other polyester. . . 

Primary Teacher and passionate environmentalist named Fonterra Dairy Woman of the Year:

Primary Teacher and passionate environmentalist Trish Rankin from Taranaki is the 2019 Fonterra Dairy Woman of the Year.

The prestigious dairy award was announced the Allflex Dairy Women’s Network’s conference gala awards dinner in Christchurch this evening.

The other finalists were Kylie Leonard who farms north of Taupo, Julie Pirie from Ngatea in the Waikato and Southlander Emma Hammond. . . 

Dung beetle role in protecting waterways – Jono Edwards:

Dung beetles could provide the helping hand the region needs for disposing of farm faeces and protecting waterways, Otago Regional councillor Andrew Noone says.

Cr Noone said he was first introduced to the use of the bugs for managing animal waste on farms by a member of the public.

He is now pushing for the council to investigate their usefulness and potentially bring in subsidies for their wider introduction in Otago.

The beetles create small balls out of the manure and bury them in the ground which helps it to break down. . . 

High country steers the stars – Alan Williams:

Weaner steers sold very strongly at the annual Coalgate high-country calf sale in Canterbury on Wednesday.

A lot of calves sold for moe than $3.70/kg and up to just over $4 as buyers sought high-quality offerings from farm stations that have built excellent reputations.

“It’s our best steer sale so far,” Hazlett Rural general manager Ed Marfell said.

It was also one of the last sales of the weaner season in Canterbury and buyers decided they were better to pay up rather than risk missing out.

“We’ve got these renowned stations, great reputations and repeat buyers keep coming back,” Marfell said. . . 

Studs join in for bull walk:

Bull buyers are being promised value, variety and volume at next week’s King Country Big Bull Walk.

“That’s our tagline. We’re a big area and we’re telling buyers from outside King Country that if they come to our sales they will find something that suits them,” co-ordinator Tracey Neal said.

The walk is a series of open days on stud farms on May 6, 7 and 9 ahead of the on-farm sales in the last week of May. Neal reports good interest.

About 500 rising two-year bulls will be shown at18 studs taking part and about 330 of them will be offered at the on-farm sales held by 13 of the studs. The other studs will sell their bulls in the paddock or through sale yards.  . . 

Shift to managing individual sheep – Yvonne O’Hara:

There is a global shift to managing sheep at an individual level rather than a flock level, Lincoln University’s Professor in Animal Breeding and Genetics Jon Hickford says.

Prof Hickford said EID tags and scanner technology allowed the recording of an individual animal’s performance and production values throughout its life.

The technology would be a useful tool to improve overall production for commercial flocks, he said.

”Rather than having a flock of nameless individuals, every sheep has their own identity.” . . 

Water prices are ‘selling farmers down the river’ – Tony Wright:

Another day’s heartless sun is sinking to the horizon, not a cloud in the sky, and Mick Clark’s nuggety body is throwing a long shadow over his parched land north of Deniliquin.

The feedlot that not so long ago held 1000 fat lambs is empty. There is no crop planted on the property that has been in his family’s hands for three generations.

“I’ve parked all the farm equipment up in the sheds and I’ve gone and got myself a job driving a tractor for a bloke,” he says.

Mick Clark has made a vow.

“So far as I’m concerned, the supermarket shelves in the city can go empty,” he says. “I’m not going to spend $600 a megalitre of water to keep farming just to go broke.” . . 

Science shows Kiwi cows have the edge on their US cousins – Glen Herud:

Did you know that New Zealand cows are smarter than American cows?

That’s a potentially defamatory statement but if I ever get sued by a litigious group of American dairy farmers or their cows, I think I’d have the proof to defend myself in court.

According to the United States Department of Agriculture (USDA), 75 per cent of US calves are raised in individual pens or hutches.

The calves are separated from their mothers and put into a little pen with a shelter at one end and milk teat or bucket at the other end. They spend their first eight weeks in this pen by themselves until weaning. . . 


Norgate’s last stand?

May 3, 2010

The Press (not online) reports that Craig Norgate has given up on Rural Portfolio Investments, the parent company of Rural Portfolio Capital:

Norgate has essentially thrown in the towel on Rural Portfolio Investments . . . saying he cannot raise enough funds for the next dividend on the $60m of preference shares.

It is unlikely the preference shareholders will get the face value of that $60m investment back in the short term and the market has already priced in a much lower return.

The security for the RPC preference shares is 46.76m PGG Wrightson shares (which closed at 53c yesterday) and 10m NZ Farming Systems Uruguay (NZFSU) shares (41c) was well as $742,314 held in a dividend escrow account. . .

RPI and its financing subsidiary Rural Portfolio Capital are the investment vehicles for Norgate and the Otago-based McConnon family, and will very likely be wound down. . .

Norgate contributed to the McConnon family fortune when, as general manager of Kiwi Dairy, he bought Mainland Products from them. He’s now taken a large chunk of that away through his encouragement for them to invest in PGW.

He thought he could capture the rural servicing market by amalgamating Williams and Kettle, Pyne Gould Guiness and Wrightson. But farmers never bought into his plans and the combined market share of those companies fell from more than 70% to less than 50%.  PGW’s share price went from around $2. 80  two years ago to just 53 cents on Friday.

The decline of PGW provided opportunities for competitors Combined Rural Traders and new companies of stock agents set up by former PGW agents, including Hazlett Rural and Rural Livestock.

The only positives for PGW at the moment are the arrivals of Sir John Anderson as chairman of the company and former PGG general manager George Gould as a director.

One of Norgate’s biggest mistake was failing to gain finance for the purchase of 50% of Silver Fern Farms. While the financial meltdown has been blamed for this many farmers cannot believe how he ignored the fundamental basics of business which require securing funding before doing a deal.

His foray into dairying in Uruguay was big on promises but has yet to deliver. Share prices peaked at $2 and were at 41 cents on Friday.

From the outside, the investment in Uruguay looked simple. However, Norgate failed to take full account the challenges of farming in South America with language, cultural and political difficulties and a very different climate from New Zealand.

You only have to look  at the difficulties New Zealand companies have when investing in Australia, where at least the language, culture, banking and legal systems are similar, to realise that what works so well here might not  transfer easily to Uruguay.


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