Dairy prices double-edged sword for NZ – Tony Field:
Rising global dairy prices are proving a double-edged sword for New Zealand; it’s great for farmers and the economy, but it also means prices are going up in the shops.
The autumn drought dented Fonterra’s milk production and means this year’s payout is slightly down on a year ago.
But farmers like Peter Schouten are cheered by predictions of a record payout for the season that’s just begun.
“I am absolutely over the moon with it,” says Mr Schouten. “It gives us a really good chance to play catch-up, with a lot of the farm maintenance, the replacement of gear, tractors, ATVs – you name it.”
The economy could be $5 billion better off too. . .
Fonterra farmers cheer payouts as dividends held unchanged, headwinds loom – Jonathan Underhill:
(BusinessDesk) – Fonterra Cooperative Group is promising a record payout to its farmers next year, while keeping dividends unchanged, underlining the competing needs of its suppliers and the investors in its exchange-traded units.
Fonterra Shareholders’ Fund units ended the day up 0.4 percent to $7.10, having initially sold off after the world’s biggest dairy exporter posted its full-year results. Normalised earnings before interest and tax fell 3 percent to $1 billion, meeting the guidance it gave in July and missing its prospectus forecast.
Sales fell 6 percent to $18.6 billion in the 12 months ended July 31 and net profit rose 18 percent to $736 million, or 44 cents a share. The company paid a dividend of 32 cents a share, the same as it is forecasting for next year and as it paid in 2012. . .
The Fonterra Shareholders’ Council, which safeguards the interests of the dairy Co-operative’s 10,500 Shareholders, said the final payout of $6.16 ($5.84 farmgate Milk Price and $0.32 dividend) for a fully shared-up Farmer announced today was an accurate reflection of the season.
Council Chairman, Ian Brown: “Given the pressure placed on Fonterra by this year’s drought and the unpredictability experienced in international markets the Co-operative has delivered a satisfactory return for Farmers.”
Mr Brown said the success of the integrated ANZ (Australia/New Zealand) business, which has encountered tough market conditions of late, is vital for Fonterra.
“The ANZ business has been working hard to adapt to the changing Australian business environment.
“Accordingly, changes have been made to the ANZ business, there’s a cost associated with these and the Council will continue to monitor the situation.” . .
Ngāti Kahungunu Iwi is developing an Export Strategy. As part of the wider Māori Economic Development Strategy, we are increasing the export capacity of Māori farmers into the market, in other words from the ‘Nuku to the Puku’.
Ngāti Kahungunu Iwi Incorporated and Wairoa Taiwhenua are hosting a Kahungunu Farming Conference at Takitimu Marae in Wairoa on Thursday 10th October 2013. The purpose of this Farming Conference is to bring together Māori Farmers, Land owners, people who utilise primary resources and anyone else who might be interested in connecting, exploring, sharing ideas and being a part of the Ngāti Kahungunu Export Strategy.
Ngāti Kahungunu Iwi Incorporated is proposing that Ngāti Kahungunu Farmers and all Māori Farmers would be better off by supplying directly to the market and retaining all the earnings in the supply chain rather than waving goodbye to the animals and the profits at the farm gate. . .
It is less than a week to go until the2013 NZ Seafood Industry Conference, where, in a world first for the fishing industry, the first underwater pictures of the New Zealand developed ‘Precision Seafood Harvesting’ technology will be shown to reveal the revolutionary new fishing method . . .