The dairy cooperative, Westland Milk Products, has charted a similar course to Fonterra’s benchmark forecast released yesterday for the current 2014/15 season, by announcing a pay-out forecast of $6 to $6.40 per kilogram of Milksolids (kg/MS).
“Given Fonterra’s announcement yesterday, farmer-shareholders on the Coast appreciate this early heads-up from our co-op,” says Renee Rooney, Federated Farme0rs Dairy chairperson.
“Even better is firming confirmation of the 2013/14 final payout in the $7.50 – $7.70 kg/MS range. Of course we’ve got retentions on top but it is set to be a good payout and Westland’s supplier communication has been pretty good. . .
Te Rūnanga o Ngāti Apa and Lincoln University today announced the signing of a Heads of Agreement and Strategic Relationship. This relationship agreement forms the basis for partnerships across education, training, research and commercial development. The Ngā Wairiki-Ngāti Apa people of Whangaehu, Rangitīkei and Turakina own the Rūnanga, and have interests in seeing their people developed in all levels of the primary industries. The Rūnanga is also keen to see the general Māori population in the region given better access to primary sector training and tertiary education.
Rūnanga Chairman Pahia Turia said that “Through our Treaty settlements we have land, and we have recently established Te Hou Farms Limited Partnership which purchased the historic Flock House farms near Bulls, early in June. We are therefore committed investors in the primary sector, and we have a real interest in seeing our own people developed and working at all levels in the primary sector on and around our investments.” . . .
Standing in front of the milk powder dryer of Oceania Dairy Limited’s new factory at Glenavy, Shane Lodge has a feeling of deja vu – but with a difference.
Shane’s 30 year career in the dairy industry has seen him involved in new plant construction for Fonterra and New Zealand Dairy Limited. The difference this time, is that Oceania’s owners are Chinese and that is a reflection of the changing face of the global dairy industry. . .
Many farmers put succession planning into the too hard basket because of rising capital values, but it’s a crucial process that will be a lot less fraught with danger if family members are involved in the process, says Neil McAra, Crowe Horwath’s Managing Principal – Southland.
“It’s never too early to start planning for retirement and farm succession,” said Mr McAra, who noted that one key to a successful plan was distinguishing between reward for services provided by family members and the risk/reward for ownership/investment in the business.
Another key element was for the farm owners to ensure they had considered whether they would have an ongoing role in the business, and define what that role would be.
“To alleviate the possibility of things getting off track, it is important to ensure that owners adequately plan for the future of the farm and the people within it, so that all runs smoothly and they can enjoy the transition process.” . .
A bill to strengthen the regulation of foreign-owned commercial fishing vessels operating in New Zealand waters has passed its third and final reading in Parliament today.
The Fisheries (Foreign Charter Vessels and Other Matters) Bill will require all foreign charter vessels to carry the New Zealand flag from 1 May 2016, and operate under full New Zealand legal jurisdiction.
“This bill will help maintain our reputation around the world. It shows that we are serious about the fair treatment of fishing crews, the safety of vessels and New Zealand’s international reputation for ethical and sustainable fishing practices,” Mr Guy says. . .
Seafood New Zealand has hailed the passage of the Kaikoura (Te Tai-o-Marokura) Marine Management Bill by Parliament today as a template for seafood and environment conservation measures throughout New Zealand.
Parliament passed the bill into law on the last day of sitting before the House rose for the election campaign.
Seafood New Zealand Chief Executive Tim Pankhurst says the legislation is designed to serve the long term interests of those who use and enjoy the Kaikoura coastline. . .
QV registered Valuer David Paterson has had his outstanding service to the valuation profession recognised with the New Zealand Institute of Valuers (NZIV) Premier Award – the John M Harcourt Memorial Award.
Paterson, who has been a valuer for more than 30 years and is the National Manager of QV business, Rural Value, accepted the award in front of 300 attendees at the NZIV conference in Rotorua earlier this month.
He told the audience, “I feel honoured to receive this award, especially when you note some of the previous recipients.” . .
The high value of the New Zealand dollar has motivated the Australian owners of several vineyards in the heart of New Zealand’s premier sauvignon blanc grape growing region to place two of their properties on the market for sale.
Both neighbouring vineyards are in the highly-fertile Waihopai Valley in Marlborough. The larger of the two vineyards is a 43 hectare holding – with almost 38 hectares planted in a mix of sauvignon blanc and pinot gris varieties. The second vineyard is a 36 hectare landholding planted in almost 24 hectares of sauvignon blanc grapes. . . .