Rural round-up

07/11/2013

DairyNZ ramps up investment in environmental area:

DairyNZ is boosting dairy farmers’ investment in the environmental area by 61 percent in this financial year, from $6.7 million to $11 million as part of its efforts to meet its commitments under the new Sustainable Dairying: Water Accord and the National Policy Statement on Freshwater Management.

DairyNZ Chief Executive, Tim Mackle, says the environmental portfolio is helping farmers boost profits while lowering their environmental impact, supporting farmer-led waterway improvement projects and investing in nutrient management research and resources. “It also supports our industry’s new dairy farming strategy and our objective to have proactive environmental stewardship.

“Biosecurity is also a big investment at $16 million but even this funding has environmental benefits as we are the largest non-government funder of the TBfree programme that focuses a lot on possum control with clear biodiversity benefits,” he says. . .

Landcorp focus will stay at home – Alan Williams:

Landcorp is getting approaches to develop and manage farms overseas but is busy enough in New Zealand.

The magnitude of its work in NZ and the opportunities ahead made expansion offshore unlikely, new chief executive Steven Carden said.

Three months into his posting at the State-owned farmer, he is working through a strategy review with the board, taking stock of where they are and the opportunities ahead. . .

Challenges to food industry for feeding the world:

Finding innovative ways to utilise waste, a greater focus on consumer driven research, and increased Government investment are just some of the challenges facing the food industry in New Zealand according to Lincoln University’s Professor of Food Science, Charles Brennan .

Professor Brennan was speaking as part of the Foods for Now and the Future Forum held at Lincoln University last week. The forum was arranged by the New Zealand Institute of Agricultural and Horticultural Science and the New Zealand Institute of Food Science and Technology.

On the subject of wastage in food production and consumption he noted that some 50% of packaged salad greens and 40% of bread and cereals may be discarded in some countries around the world. However, utilising smarter production methods and taking a more innovative approach when it comes to wastage could mean up to one billion people could be fed worldwide. . .

Fonterra Strengthens Its Position in Australia:

Fonterra has today further strengthened its position in the Australian dairy industry by acquiring the assets of Tasmanian yoghurt business, Tamar Valley Dairy.

Under the agreement, Fonterra will acquire the processing equipment, the related services, and intellectual property and trademark for the Tamar Valley Dairy brand. The acquisition is effective towards the end of November (subject to completion of the sale), with the exact date to be confirmed.

“Fonterra is a long-standing partner of Tamar Valley Dairy, and has supported and worked closely with the administrators of the family-owned business during what has recently been a difficult period for the Tasmanian business and its founders,” said Judith Swales, Managing Director, Fonterra Australia. . .

Aussie cattle empire sale fails, amid land wrangle:

A second huge Australian cattle operation has had trouble selling, with the North Australian Pastoral Company being withdrawn from the market, amid tough industry conditions and a growing debate over land ownership.

North Australian Pastoral Company’s ruling Foster family has taken down the for sale sign after six months of marketing the 58,000-square kilometre (14.3m acre) property – an area nearly twice the size of Belgium and nearly as big as the US state of West Virginia – failed to attract an “acceptable proposal”.

Besides the Foster family’s 61% stake in Napco, a 34% stake held by London-listed plantations group MP Evans was also up for sale. . .

New Directors Appointed to Board of Aotearoa Fisheries Limited:

Te Ohu Kaimoana (the Maori Fisheries Trust) has appointed three new directors to the board of Aotearoa Fisheries Limited.

Mr Anthony Hannon, a merchant banker with extensive experience in tax consulting, private equity and asset management, and Ms Liz Ward (Ngāti Porou), a former Chief Executive of Deep Cove Fisheries and Wellington’s CentrePort, have been appointed for a term of three-years. Mr Alan Gourdie, an Auckland-based consultant with international management and marketing experience as a chief executive and director, has been appointed for a two-year term from 1 November. . .

Nominations in for Silver Fern Farms’ Director Elections:

Three nominations have been received for the two positions on the Silver Fern Farms’ Board of Directors.

Eoin Garden and David Shaw retire by rotation at the Company’s 2013 Annual Meeting which is to be held in Dunedin on 18 December 2013.

Eoin Garden has advised he will not be standing for re-election and will therefore retire at the Annual Meeting. David Shaw has advised that he will stand for re-election.

The candidates for election are:

Dan Jex-Blake
David Shaw
Richard Young . . .


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