Rural round-up

November 4, 2019

$9 billion shock – Neal Wallace and Annette Scott:

Claims the Government’s essential freshwater proposals could cost the livestock industry over $9 billion a year are selective, Agriculture Minister Damien O’Connor says.

That is the estimated cost of compliance and lower production of meeting proposed freshwater reforms, submissions from Beef + Lamb and DairyNZ say.

More than 12,000 submissions were made by last week’s deadline.

The reforms have been labelled by some farming bodies as unbalanced, unnecessarily harsh and unsustainable. . .

M bovis’ eradication initiatives vindicated – Sally Rae:

An independent Technical Advisory Group (TAG) believes achieving eradication of Mycoplasma bovis is still feasible.

The group’s latest report was released yesterday by the Ministry for Primary Industries in which it supported the changes the M. bovis programme had made over the past six months.

Given available data, achieving biological freedom from M. bovis was feasible provided the number of undetected infected herds was not large, infection had not established and spread within the non-dairy sector, and that the rate of transmission to new herds was reduced via continued shortening in the intervals from infection to application of movement controls, it said. . .

Faith, family and farming– Sonita Chandar:

Southland farmers are community and spiritual leaders in the Islamic community. They put their faith above everything and answered the call to help  after the Christchurch mosque shootings. They talk to Sonita Chandar about their experiences and farming.

On Friday March 15 Invercargill farmer and imam of the world’s southernmost mosque, Reza Abdul-Jabbar, was delivering his weekly sermon when a worshipper’s phone rang.

Until then it had been super quiet, as it usually is during the service.

He reminded the man it was a time for silence, not to take the call and continued. 

But other phones began ringing. . .

Fonterra’s dream run in India – Pam Tipa:

Fonterra three months ago launched its first consumer brand in India under the Fonterra Future Dairy joint venture.

The brand Dreamery has had a “fantastic reception”, says Judith Swales, chief operating officer, global consumer and foodservice.

Fonterra is working with joint venture partner Future Group which is present in 26 of 31 Indian states with over 2000 modern trade outlets and 5000 public distribution outlets. . .

Experts have their say on whether cherries justify their popularity – Mark Price:

Faced with all manner of economic worries — from Trump to freshwater policies — where might investors put their hard-won savings in the hope of a better than deposit rate return? Might cherries — the horticultural darling of the moment in Central Otago — be the answer? Mark Price sought out two opinions.

Ross and Sharon Kirk are cherry industry consultants trading as Hortinvest Ltd. They have the biggest netted orchard under management in Central Otago (close to 40ha), and are in the process of planting two 80ha, ‘‘fully-netted’’ development

Suitability for Central Otago

Q: What are the basic requirements for cherries to thrive?
A: Low rainfall over harvest, good winter chilling, reasonable soils (nutrient), adequate water, reasonable shelter from wind, and netting (to keep out birds).

Q: Which requirements does Central Otago meet?
A: All of the above, although the bird netting is expensive. . . .

Cute as buttons :

North Canterbury farmers Melissa and Hayden Cowan have a small flock of rare black-nosed Swiss Valais sheep.

Often referred to as the “cutest sheep in the world” this distinctive breed with black face and ears, curly forelocks and spotted knees and hocks originate in the mountains of the Valais area of Switzerland.

They imported their first embryos from the UK in 2018 and from the 32 embryos 18 live lambs were born so there’s no guarantee they’ll work. The embryos cost $2000 a pop so it’s a quite an investment. .


Surfing start for new wool boom?

December 4, 2018

New Zealand wool prices tripled overnight when the USA sought to build up its strategic stockpiles during the Korean War.

It was all down hill from there as synthetics replaced natural fibres.

Merino has had a renaissance thanks to firms like Icebreaker and All Birds using its eco-friendly, comfort, temperature regulation and odour resistance credentials to sell clothes and shoes.

But farmers are lucky to recoup the cost of shearing crossbred wool.

While that’s not good now, lower prices make it less expensive to experiment and develop new wool-based products which could lead to greater demand, and better prices, in the future.

That could include raw material for surfboards:

New Zealand surfer Paul Barron was laminating a board a decade ago when he accidentally spilled resin on his sweater. It gave him an idea: What if he built a surfboard shell out of wool? Traditional foam boards are typically housed in resin and fiberglass for structural integrity. But fiberglass can be harmful to workers and isn’t easily recyclable; board makers have long sought a greener alternative. This month, the Carlsbad, California, company Firewire Surfboards is releasing Barron’s WoolLight board–showcasing a technological advance that could change how other products are designed, from yachts to cars . . .

Barron partnered with the New Zealand Merino Company (NZM) to develop the wool composite technology:

. . .The technology is a new high value market for New Zealand strong wool, at a time when the industry is struggling with low wool prices and looking for alternative markets.

According to NZM Chief Executive John Brakenridge what Firewire is doing producing wool surfboards is the start of a movement and the tip of the iceberg when it comes to the wool composite technology.

“While the first application of this technology is being used in surfboards, it has the potential to replace fibreglass in many other products such as boats, aircraft and furniture.

“The wool’s natural performance such as tensile strength means that products made with this new technology are lighter and more flexible than traditional fibreglass, while maintaining its strength.

Tauranga based surfboard maker Barron first came up with the idea when he spilt resin on his wool jersey (jumper). It gave him the idea to build a surfboard shell out of wool. Traditional foam boards are typically housed in resin and fiberglass for structural integrity, Barron’s wool technology replaces fibreglass with wool.

“With this technology we can produce a surfboard that has the potential to outperform traditional boards. Basically you grow a sheep, shear it, wash the wool twice in water and make a material that is light, flexible, durable and fast,” says Barron.

Firewire CE Mark Price is in New Zealand this week to meet with Barron and the Pāmu farmers who will supply the wool for the ‘Woolight’ boards. Price, along with surfing pro Kelly Slater who is a co-owner in Firewire, has a desire to steer the company to zero-landfill by 2020 and they see wool as a component of this process.

“We’re sourcing ZQ wool that is ethically sourced and at the end of its life it will biodegrade and give back to the environment.

“Not only is NZ a country with a long and rich surfing tradition the growers that we are sourcing the wool from share our values of doing things in a better way.

“Surfers by definition commune with nature on a daily basis, so they have a heightened sensitivity towards the environment and can relate to the technology that wool offers in terms of performance, and obviously the sustainability story is off the charts,” says Price.

Pāmu Farms of New Zealand will supply the bulk of the wool fibre that is used in the ‘Woolight’ surf board. According to Pāmu CE Steven Carden, the partnership with Firewire gives sheep farmers a sense of pride and confidence that the future for wool doesn’t have to be the status quo.

“We hadn’t thought surfing would ever provide the channel to take a positive New Zealand wool story to the world but it makes sense that those that enjoy nature so closely would be those that can solve environmental and performance challenges – we can learn from this, says Carden. . . 

The ‘Woolight’ surfboard range will be available for sale in New Zealand around April/May 2019.

Wool is odour and fire resistant. That might not matter in surfboards but could be beneficial in furniture, yachts and cars.

Wool is also renewable and biodegradable which ought to matter who anyone who claims to care about the environment.

Surfing could start a new wool boom and it doesn’t have to stop there. Wool is already being tested by Nasa for use in space.

 


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

May 9, 2018

Natural Fibre Exchange aimed at providing greater efficiency :

In a significant step forward for the wool sector, industry participants have come together to develop and launch an independent online trading platform.

Modelled on the Global Dairy Trade Events (GDT) platform, the Natural Fibre Exchange (NFX) is scheduled to go live with its first trading event on 22 May 2018.

NFX Ltd shareholders Wools of New Zealand Ltd (WNZ) and Alliance Group have teamed with CRA International (CRA), an acknowledged leader in online trading platforms. CRA, which also designed and manages the GDT platform, has developed and will manage the NFX platform. . . 

Short and long-lived gases need separate regulatory baskets – Keith Woodford:

A key issue for New Zealand is how to meet the Paris commitments for greenhouse gas (GHG) emissions. Fundamental to any analysis is the different attributes of long-lived and short-lived gases.  In particular, how should methane be accounted for, and how should it be brought into any emission trading scheme?

Back in 2016, current Commissioner of the Environment Simon Upton raised the importance of placing short-lived gases in a different regulatory ‘basket’ from long-lived gases. Remarkably, our rural leaders appear to have failed to pick up on the importance of this issue.  

More than any other country in the world, NZ’s gross emissions are influenced by methane-producing ruminant animals. No other developed country has a comparable emission profile, with the arguable exception of Uruguay. . . 

Cheaper lab meat to put pressure on farmers by vying with mince and other red meat cuts – Jill Galloway:

New Zealand farmers are in danger of becoming redundant as synthetic meat took consumers away from red meat, says a strategic science expert.

Dr Anna Campbell, managing director of agribusiness consulting company AbacusBio, said synthetic meats would get cheaper and global consumers would choose them because of their light environmental impact and zero animal treatment.

Campbell was a key speaker talking to about 180 farmers and agribusiness people at the AgInnovation conference in Palmerston North on Wednesday.

“At the moment, synthetic meat-makers take some cells, some blood and other things, spin it around, and get mince.  It’s mince for hamburger patties that is spat out. It is expensive at the moment, but the companies will scale it up and make it cheap.”  . . 

Age not wearing this farmer – Peter Burke:

Moyra Bramley was born in 1933, the year Sir Apirana Ngata and Lord Bledisloe inaugurated the Ahuwhenua Trophy to recognise excellence in Maori farming — now Ms Bramley has at least a 50/50 chance of winning that trophy.

Bramley is in the running for her role as chairwoman of the Onuku Maori Lands Trust, one of two finalists in the competition. 

Onuku’s entry in the competition is its 72ha Boundary Road dairy unit is near Lake Rotomahana, 30km south of Rotorua. It is one of four farms run by the trust.  . . 

Looking into using drones differently – Mark Price:

Wanaka beekeeper Daniel Schweizer is investigating a use for drones that is yet to catch on in New Zealand.

He can see potential for “spray drones” that target weeds in difficult-to-get-to places in the high country.

The weeds would include gorse, broom and wilding pines.

“The only options at the moment are a helicopter and a man with a knapsack, and one is $20 an hour and one is $2000 an hour,” he said. . . 

Drought will bring more crop disease scientists warn:

New Zealand’s land-based primary industries need to get ready for more, and more serious, crop disease as climate change causes more and longer droughts, according to new research.

In the journal Australasian Plant Pathology, the authors say that climate change is expected to bring more droughts in many parts of New Zealand, and more droughts are “likely to increase the severity of a wide range of diseases affecting the plant-based productive sectors”.

Scientists from the Bio-Protection Research Centre, Scion, Lincoln University, AUT University, Landcare Research, and the University of Auckland analysed the potential impact of climate-change-induced drought on several commercial plants and their diseases. . . 


Rural round-up

August 9, 2016

Scientist added value to lamb crop – Sally Rae:

Work done by Julie Everett-Hincks to improve lamb survival has received national recognition.

Dr Everett-Hincks has been awarded the Sir Arthur Ward award, presented by the New Zealand Society of Animal Production.

It was a “huge honour” to receive the award at the joint Australian Society of Animal Production and New Zealand Society of Animal Production conference in Adelaide, she said.

Dr Everett-Hincks was the first woman to receive it. . . 

Fonterra ‘we are changing’ – Sally Rae:

Let’s face it —  wastewater might not be the most glamorous subject.

But at Fonterra’s Edendale factory,  some  cool things are being achieved with treated wastewater.

It is being used to irrigate surrounding farmland and  “waste-activated sludge” (WAS) from the factory  is  being used as fertiliser.

The grass grown ultimately returned to Fonterra as milk in  a “really good cradle-to-grave story”, national environment group manager Ian Goldschmidt said.

Edendale is a big operation, employing about 650 people. . . 

Pond developer vents his frustration – Mark Price:

The Wanaka developer of a new salmon “fish-out” facility has complained to Conservation Minister Maggie Barry that Fish and Game New Zealand has opposed the project in order to protect its own commercial interests.

Graham and Hayley Lee, as Inderlee Ltd, were granted resource consent in November for their operation along Cameron Creek, on the eastern outskirts of Wanaka near Albert Town.

They plan to offer the public the chance to catch chinook salmon from large ponds from November next year.

Their consent application was opposed by Fish and Game, and Mr Lee told the Otago Daily Times this week he has complained by email to Ms Barry about the organisation’s motives. . . 

Produce industry leader wins Bledisloe Cup:

Murray McPhail, founder and owner of LeaderBrand Produce, won horticulture’s top award, the Bledisloe Cup, last night.

Horticulture NZ’s president Julian Raine said the Bledilsoe Cup is an outstanding award to receive and this year was honouring a 40 year commitment to the horticulture industry. The award was presented at Horticulture NZ’s annual awards dinner, held in conjunction with Pipfruit NZ, at the annual conference in Nelson.

As McPhail was overseas his son Richard accepted the award on his behalf. . . 

Rural Broadband Initiative phase one complete:

The first phase of the Government’s Rural Broadband Initiative (RBI) is now complete, benefitting 300,000 homes and businesses, says Communications Minister Amy Adams.

“Under the programme, rural communities around New Zealand have significantly improved broadband, thanks to the Government’s $300 million investment into RBI. We’ve seen a considerable improvement in access, reliability and speeds across New Zealand,” says Ms Adams.

“Prior to our RBI build, only 20 per cent of rural lines were capable of speeds around 5Mbps. RBI phase one increases this to 90 per cent of rural New Zealand households and businesses, and speeds are in fact well in excess of 5Mbps.

“Before the project, our rural communities were grappling with poor speeds, little better than dial up – but are now enjoying speeds around 100 times faster. . . 

Protecting a local delicacy:

Fishers and keen cooks gearing up for whitebaiting season, opening on Monday 15 August, should be aware of the rules or the rare delicacy could disappear from dinner tables forever.

The Department of Conservation (DOC) is responsible for administering the whitebait fishery and ensuring people observe the regulations.

Whitebait are juveniles of five species of native fish: giant kokopu, banded kokopu, shortjaw kokopu, inanga, and koaro. Those that escape the whitebait net grow into adult fish which are some of our most endangered native species – some whitebait species have the same threat status as kiwi and New Zealand falcon. . . 

Wires kill pilots:

The rural economy is vitally important to New Zealand’s economic prosperity but the safety of the aviation industry, which plays an important role in ensuring regional prosperity, is not assured,’ said John Nicholson, Chief Executive of industry body Aviation NZ.

Between 1979 and 2015, helicopter pilots alone had 116 wire strikes resulting in 28 deaths. While people on the ground can generally see wires, they can often be invisible to pilots of low flying aircraft.

Electricity and phone lines are generally well marked with the towers and poles they run between quite visible – be you on the ground or in the air.
‘The major concern is wires erected by farmers,’ said Alan Beck, Chairman of the NZ Agricultural Aviation Association.

They present the greatest risk to agricultural aviation because they can run across gullies, and can be attached to obscure poles or even trees. To make it worse , some manufacturers even produce green covered wire. . . 

Landcorp ditches palm kernel feed to boost environmental credentials – Tina Morrison

(BusinessDesk) – Landcorp Farming, the state-owned farmer, will stop using palm kernel expeller on its farms in the current financial year to shore up its environmental sustainability credentials.

Palm kernel, used by dairy farmers as a supplementary feed to grass during winter or in seasonal droughts, is imported from Southeast Asia and has faced criticism for its environmental impacts as expansion of the palm oil industry spurs tropical forest clearance and peat fires.

Landcorp, New Zealand’s largest corporate farmer, wants to move away from being a commodity supplier of agricultural products by developing higher value products, inking long-term contracts with customers, and investing in branding to boost the value of its products. . . 


Rural round-up

August 12, 2015

Corker porker stalkers thwarted – Mark Price:

Hunters tempted to ”farm” wild deer or pigs before hunting competitions are likely to be out of luck at the Upper Clutha Deerstalkers Association competition later this month.

The association, which is holding its popular annual competition for the third time, has changed its rules, mainly to encourage more interest in hunting among women and children.

But the changes also aim to sideline hunters who manipulate the competition process by allowing wild deer or pigs to graze crops on farmland over the winter. . .

Ambitious project still growing – Lynda van Kempen:

An international curling rink in Naseby? It seemed a lofty goal more than 15 years ago, but a decade on from its opening the facility is still going strong and exceeding all expectations.

”People seeing it for the first time tend to be a bit bemused at finding a facility of this standard in the middle of what they call nowhere – but what we call the centre of the universe,” Maniototo Curling International (MCI) rink manager Ewan Kirk says. . .

US beef cow repopulation – the rebuild begins:

After the drought-induced decline in the US beef cow herd in recent years, the industry is making a mends and rebuilding its depleted numbers, with expectations to grow by more than three million head in the next three-to-five years.

With around 50 per cent of New Zealand’s beef exports destined for the US, the rebuilding of the US cow herd may impact the strong demand for Kiwi beef seen in recent years, according to Rabobank. . .

Zespri opens Singapore office:

Prime Minister John Key has officially opened Zespri’s new sales and marketing hub in Singapore, which has been set up to manage the kiwifruit industry’s growth.

Zespri chair Peter McBride says it was an honour to have the Prime Minister open the new office.

“Volumes of Zespri SunGold Kiwifruit are set to grow strongly in the next few years and Zespri is investing in its market capability to deliver this growth for New Zealand growers,” he says. . .

The Internet of Stings: WiFi for your beehive:

New Zealand based beekeeping technology company, Hivemind Ltd, have released a new WiFi beehive scale and smartphone app that will allow urban beekeepers, bee educators and researchers, to better monitor their bees and more easily share their knowledge about these vitally important pollinators. A crowdfunding campaign for the product is currently live on the indiegogo platform here: www.indiegogo.com/at/wifibees

The importance of bees in our environment is a highly topical and important issue gaining increasing coverage. Beekeeper and hive numbers are continuing to increase in New Zealand with over 5000 registered in 2014.  . .

 

Game on for children to raise farm safety awareness:

A new free online farm safety game that children can play on smartphones, computers and tablets is the latest innovation in the quest to improve farm safety.

Industry body DairyNZ’s cowbassador, Rosie the Cow, has teamed up with WorkSafe and ACC to create Farm Rules!, an engaging way for primary school children to learn about the risks involved with certain farm activities and how to minimise or avoid them. . .

You can download the game here.

 


Rural round-up

February 3, 2014

Wairarapa Farmer wins NZ Rural Wetland Champion 2014 award:

Combining good farming practices with proactive steps to look after the wetlands on their beef and dairy farm, has earned the Donald family in the Wairarapa, the title of “National Rural Wetland Champion for 2014”.

To celebrate World Wetlands Day 2014 (Sunday February 2) the National Wetland Trust and the Department of Conservation (DOC) worked with regional councils around the country to find New Zealand’s most wetland-friendly farming families.

Wetlands are important to maintaining a healthy environment, playing a key role in water purification and flood control. Protecting wetlands and minimising the impact of farming on these ecosystems benefits everyone. . .

Tighter PKE screening welcomed:

Federated Farmers is pleased 4mm is being proposed as the minimum screening mesh for Palm Kernel Expeller (PKE) entering New Zealand.

“From 21 April, when the screening is set to commence, confidence in PKE as an imported animal feed should improve,” says Bruce Wills, the President of Federated Farmers.

“PKE is a recycled waste by-product of Palm Oil production. It does not drive that industry’s demand, just as plastic recycling does not drive demand for petrochemicals.

“If PKE isn’t used as supplementary animal feed, it is otherwise composted, burnt as waste and even sold as fuel for furnaces. . . .

Minister marks World Wetlands Day:

Conservation Minister Dr Nick Smith today marked this year’s World Wetlands Day with the launch of a new stamp in the Game Bird Habitat Collection Series.

“The Game Bird Habitat Stamp programme is aimed at raising funds to protect and enhance the habitat of our game birds. It’s a simple and inexpensive way to enable New Zealanders to give direct support to a great cause,” Dr Smith says.

The 2014 stamp features the pukeko, painted by landscape and wildlife artist Jeanette Blackburn, and the background habitat on the stamp is the Para Wetland in Marlborough. As well as the stamp, this year’s collection includes other related items such as a miniature sheet, first day cover and a limited edition signed Artist Print.

The items are sold through New Zealand Post to collectors and also used by Fish & Game to endorse hunting licences, with the funds raised going towards habitat conservation projects.  . . .

Inventor off to Cologne trade fair – Mark Price:

The Lake Hawea man who developed the what he branded the ”Slammertool” is taking it to what he calls the hand tool equivalent of the Olympics.

T. J. Irvin will attend the 142,000sq m international hardware fair Eisenwarenmesse in Cologne, Germany, from March 9-12.

”That No8 wire mentality New Zealand prides itself on – Eisenwarenmesse is the Olympics of that.”

He told the Otago Daily Times yesterday he would rather be at the Winter Olympics in Sochi but could not turn down an invitation to put his multi-purpose Slammertool up against the world’s best new tools – even though the trip will cost him $44,000. . .

Synlait’s John Penno explains the company’s success – Jamie Ball:

In the first of a two-part NBR ONLINE interview, primary industries reporter Jamie Ball talks to Synlait’s John Penno on how and why it currently all seems to be going so right for the Dunsandel-based milk company.

Canterbury-based Synlait group was founded in 2000. In February 2013, Synlait Farms and Synlait Milk were separated. Synlait Milk floated last July and is now 39.12%-owned by Chinese company Bright Dairy, 8.4% by Japan’s Mitsui & Co, and 7.5% by Dutch dairy giant FrieslandCampina. Synlait Milk’s IPO offer price, announced in July, was $2.20. Earlier this week, shares were trading at $3.82, a gain of 74%, valuing the company at $560 million. On January 28, Synlait Milk announced an increase of its forecast milk price for the FY2014 season from $8.00 per kg/MS to a range of $8.30 to $8.40 per kg/MS.The company also lifted its advance rates for the season effective from January, to be paid February, from $5.00 per kg/MS to $6.40 per kg/MS. Synlait Milk anticipates net profit of between $30 million and $35 million in the year ending July 31, up from the $19.67 million forecast in the company’s prospectus when it listed in July. . .

 

Synlait Milk joins board of leading industry body:

Canterbury dairy product manufacturer Synlait Milk has joined the Board of the Infant Nutrition Council (INC), allowing it to take a greater leadership role in industry issues.

INC, which represents 95% of the infant formula industry in New Zealand and Australia by volume, has welcomed Synlait to the new role and says the move will benefit both consumers and the industry.

“Synlait Milk is a fantastic New Zealand company, we are delighted to have them join our Board,” INC Chief Executive Jan Carey said.

“The Infant Nutrition Council is firmly committed to ensuring the safety and integrity of New Zealand’s infant formula industry. . .

 

Why Australians should support farmers during drought: NFF – Brent Finlay:

A recent editorial on drought assistance (Australian Financial Review 17 Jan 2014  “Don’t subsidise low rainfall”) raised the valid question – should Australians support farmers during drought?

In short, the answer has to be ‘yes’ if Australians want their high-quality food and fibre to continue to be produced on Australian soil.

A Productivity Commission report in 2009 concluded that the Interest Rate subsidies of the past did not necessarily reward farmers who were the best prepared for the droughts – an unavoidable feature of farming in Australia. As a result, it was the Gillard Labor Government, not Barnaby Joyce, as your editorial incorrectly suggested, that introduced concessional loans as a business restructuring support mechanism during severe downturns.

Additionally, it’s incorrect to say the Abbott Government ignored the PC report, or the need for fundamental shifts in the way drought support is structured, when extending this measure to cope with the rapidly deteriorating climatic conditions it faced upon election. . . .

US billionaire Foley may buy Martinborough Vineyard:

(BusinessDesk) – American billionaire Bill Foley may add to his wine interests in the Wairarapa region with the acquisition of pinot noir pioneer Martinborough Vineyard Estates.

Foley, through NZAX-listed Foley Family Wines, hasn’t yet gone through the due diligence process and isn’t at the stage of agreeing a price for the Martinborough vineyard, said chief executive Mark Turnbull. The parties are aiming to complete the transaction by March 31.

The business would add to the Te Kairanga Wines company, just down the road in the town of Martinborough that Foley acquired in 2011. Foley has been expanding his wine interests while building what Turnbull has called a vertical integration strategy which has included taking a 24.9 percent stake in celebrity chef Simon Gault’s Nourish Group restaurant chain. . .


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