The dairy industry has recovered some of its confidence, as its role as the backbone of NZ’s export structure has moved into sharper relief in the Covid-19 pandemic.
Rabobank’s latest quarterly survey of farmer confidence says it has improved from minus 32% to minus 23%, with demand for NZ dairy products holding up well since the previous survey in September.
The dairy industry over past seasons has been the target of urban critics for so-called “dirty dairying”, climate change warriors who want a reduction in methane emissions, and the government, which is implementing new freshwater regulations. Internally the industry was stricken with the financial woes of Fonterra.
Even now as the industry absorbs the evidence for greater confidence, it is not without strategic concerns. . .
Fonterra’s new ‘carbon zero milk’ 50 Shades of Green:
Reading this week about the launch of Fonterra’s ‘Five anchor milks are now carbon zero’ we learned that this product claim would be achieved by gaining off-sets through funding a solar farm in India and a wind farm in New Caledonia.
In our opinion the embracing of the ETS and the use of off-setting is being used simply as a greenwashing marketing tool and duping New Zealanders who perhaps don’t understand the nuance of offsetting on our country.
It’s the ETS and off-setting mentality that is currently ruining our rural communities, replacing good productive farms and displacing people that live and work there with carbon pine forests, that will, far from being a solution, grow old, rot and burn. A disaster of our own short sighted making. . .
Recently released fantastic survey results from farmers in the Aparima catchment in Southland confirm the value of farm environment plans, Invercargill MP and National’s associate Agriculture spokesperson Penny Simmonds says.
The survey was of 151 dairy and sheep and beef farmers in the Aparima Community Environment project who are committed to addressing water quality issues and reducing their environmental footprint.
“The survey results confirm what National has been promoting – that farmer-led action and working with scientists and industry experts is most effective, not the over prescriptive, unworkable regulations such as what the Labour Government has put in place,” Ms Simmonds says. . .
Fewer farmers are feeling undue pressure from their bank but satisfaction rates continue to slide, according to the Federated Farmers November Banking Survey.
Of the 1,341 farmers who responded to the survey independently run by ResearchFirst, 65.4% said they were satisfied or very satisfied with their bank relationship. That’s down from 68.5% from the Feds’ survey in May.
“Satisfaction has steadily slipped over the past three years – in our November 2017 survey it was 80.8%,” Federated Farmers President and commerce spokesperson Andrew Hoggard said . .
Strong sales, cost savings and significant one-off gains has seen kiwifruit exporter Seeka lift and narrows its full-year profit guidance.
The company expects underlying earnings between $15 million and $17m, compared with its previous guidance of between $9m and $12m
In a statement to the stock exchange, the company said the update reflected an improvement in its operational earnings, cost savings and the gain it expects from the sale and lease back of its Australian kiwifruit orchards. . .
Challenger bank Heartland has added another product to its growing list of digital offerings – this time for the rural market.
The term loan, called Sheep & Beef Direct, is designed for established farmers who are looking to buy or refinance a sheep or beef farm. In launching this product, Heartland is testing the appetite for a low-touch, online application that farmers can complete whenever and wherever – and they’ll be given an initial decision then and there.
Sheep & Beef Direct is the most recent of Heartland’s digital lending offerings. Joining the likes of Heartland’s Open for Business loans, car loans and home loans, it offers an online application which can be completed in minutes. . .