Rural round-up

December 24, 2014

The winding path for agri-food – Keith Woodford:

With another year winding down, it is time to reflect on how well the agri-food industries have been travelling, and to look forward to what the next twelve months might bring.

2014 will be the remembered as the year that the dairy industry started on the super highway but then hit a pot hole. Many in the industry expected a slow-down, but most have been surprised by the depth of the hole. It is also the year when the dairy industry began to recognise the full extent of the nitrogen leaching challenge.

For beef, 2014 was the best farming year there has ever been, and for sheep farmers it was also a positive year. The kiwifruit recovery gained momentum, and the wine industry moved forward. These outcomes have all occurred despite an exchange rate that for much of the year was at record highs. . . .

Landcorp seeks to fatten sheep returns through wool deal, milk – Fiona Rotherham:

(BusinessDesk) Landcorp, New Zealand’s largest corporate farmer, is moving on two fronts to expand the money it makes from sheep, signing a three-year contract with NZ Merino to manage its entire wool clip and planning a trial of milking some of the flock.

The state-owned enterprise indicated last July it was taking a serious look at milking sheep as a way of getting a third income, along with meat and wool, from its flock.

Chief executive Steve Carden said while milking sheep is common offshore, most of it is consumed domestically and there is no real international player. Landcorp has been investigating establishing a premium, niche sheep milk brand from the 370,000 ewes it farms. . .

Venison companies working together:

The venison exporter and processor, Duncan and Co is hoping it will soon join other companies whose plants have been certified to supply venison to China.

This year seven venison processing plants received approval to export to China, which was a new market for New Zealand farmed deer meat.

Duncan and Co’s general marketing manager Glenn Tyrrell said it was hoping its plants would also be cleared for China in the new year.

And it was working with four other companies on a joint marketing project. . .

Avocado industry waits for China clearance:

The New Zealand avocado industry is waiting for clearance to export to China, as it expands its trade into Asian markets.

The Ministry for Primary Industries was negotiating an access agreement for China and avocados are at the top of its priority list for horticultural products.

Chief executive of New Zealand Avocado Jen Scoular said only Chile and Mexico had access to China for the fruit.

But she said avocado industry representatives attended a fruit and vegetable fair in Beijing last month, where Chinese officials indicated they saw no technical reasons why New Zealand should not be granted access as well. . .

Gibbston Valley Winery launches full-service bike centre to cater for growing demand:

Award-winning Gibbston Valley Winery is adding to the experiences that locals and visitors can enjoy at the winery with the opening of a new on-site bike centre.

Gibbston Valley Winery CEO Greg Hunt said the centre was the next stage in the company’s continued expansion, enabling them to cater to the growing demand for cycling facilities in the region and grow its biking product while also showcasing award-winning wine and food.

“Located across from the beautiful Kawarau River and next to Rabbit Ridge Bike Resort, our new biking centre gives people convenient access to some of the top biking trails in Queenstown and a premium Central Otago wine and food experience,” said Mr Hunt. . .

Silver Fern Farms Confirms Audited Result:

Silver Fern Farms has bounced back to profit and reduced debt for the 2014 year.

The co-operative is reporting a net profit before tax for the year of $1.8 million, a $38.3 million improvement on the 2013 season. Over the same period the company paid down $99 million in debt as part of a plan to reduce the cost of debt servicing to the company.

Chairman Rob Hewett says Silver Fern Farms’ shareholders will be heartened to see audited confirmation of the turnaround in profitability. . . 

Sealord nets a profit and pays dividend:

Sealord Group Ltd has reported a net profit after tax of NZD$25.4 million for its financial year ending 30th September 2014.

The result marks a return to profit for the Group following the exit from its Argentine fishing investment the previous year.

The result has enabled Sealord to declare a dividend of NZD $10.5 million to its shareholders.

Company revenues of NZD $448 million were slightly lower on the previous year due to unfavourable foreign exchange movements.

According to Chairman Matanuku Mahuika, the result represents a significant turnaround from the previous year. . .


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