Rural round-up

October 25, 2018

Formerly gagged Fonterra director seeks re-election – Sally Rae:

Former gagged Fonterra director Leonie Guiney says she can see very clearly how to solve the co-operative’s “reputational issues”.

The South Canterbury dairy farmer is seeking election to the board in this year’s director elections through the self-nomination process.

Mrs Guiney recently settled a defamation claim against the Fonterra board, over a letter the board sent Fonterra’s 10,000-odd farmer-shareholders explaining why it had sought a court injunction gagging her from speaking about the business.

She left the board last year after serving three years. She said she departed because she was prevented from re-contesting her seat when it came up by rotation, the New Zealand Herald reported. . . 

Transforming a ‘nasty little wet farm’ into an award winner:

When you talk to Matamata dairy farmers Rod and Sandra McKinnon about environmental sustainability it’s easy to understand why the couple won the 2017/18 Waikato Ballance Farm Environment Awards.

When Rod and Sandra McKinnon bought a 44-hectare farm near Matamata in 1992 some people thought they were crazy.

‘I remember someone describing it as a ‘nasty little wet farm’, but it had a stream and some native bush and we could see the potential”, says Sandra.

Fast forward 26 years and following some serious hard work and expansion the farm (now 194-hectares, milking 400 cows on 155-hectares effective) is an award winner, with Rod and Sandra taking out the supreme title at the 2017/18 Waikato Ballance Farm Environmental Awards. . .

NZ Shareholders Association to vote against Wrightson’s sale:

The New Zealand Shareholders’ Association will vote against the $434 million sale of PGG Wrightson’s seeds division to a Danish cooperative.

The retail investor lobby says the mostly cash offer from DLF Seeds is attractive at face value, with a $292 million capital return attached. However, that short-term gain will shrink Wrightson to less than half its current size and leave it holding businesses inferior to the grains and seeds division.

“It seems to us that if shareholders accept DLF’s offer, they will potentially lose in the long run unless PGW can pull a rabbit out of the hat and grow the rump business,” the Shareholders’ Association said.

Discerning customers drive demand for West Coast butter:

New Zealand sales of Westgold butter have just soared past the three million mark, on the back of a consumer shift towards more natural fats.

Produced in Hokitika by Westland Milk Products, Westgold is marketed as the ‘everyday gourmet butter’. It appeared in nearly a quarter of Kiwi fridges last year, and Westgold’s salted butter was the third most purchased butter in North Island New World supermarkets, according to recent Nielsen data. . .

Allbirds: the billion dollar eco trainers brand that’s about to take London by storm – Chloe Street:

Two years ago, San Francisco-based sustainable sneakers brand Allbirds launched with one style of shoe: the Wool Runner; a pair of minimal, slightly fuzzy lace-up trainers crafted from superfine merino wool.

They were the first trainers ever to have been made from the material, and in the first week of trading, Time magazine wrote a splashy article billing them ‘the world’s most comfortable shoes.’

Customers – including half of Silicon Valley’s tech bros – and investors – including the likes of Leonardo Dicaprio – came in droves. Fast-forward two years and the company, who recently sold its millionth pair, has just raised an additional $50 million in funding, valuing it at over $1 billion.

Drystock farm offers a sweet opportunity :

A coastal sheep and beef farm – which also sustains an eco’ tourism business and commercial honey-production venture – has been placed on the market for sale.

Kawakawa Station at Ngawi near Cape Palliser on the south-eastern tip of the North Island is a 1,379 hectare waterfront property traditionally capable of carrying approximately 5115 stock units over winter. As well as running the freehold block, Kawakawa Station also leases some 785 hectares of adjoining hillside grazing land to feed the Romney herd. . . 

Substantial breeding and finishing farms go up for sale:

 A pair of adjoining sheep and beef breeding and finishing blocks – being run as one substantial farming operation serviced by its own airfield and fantastic laneway system – has been placed on the market for sale.

Combined, the two farms near Dannevirke in the Southern Hawke’s Bay encompass a total of 1,738 hectares of rolling countryside fenced into some 160 paddocks, and known as Rolling Downs Station. . . 

 


Rural round-up

April 9, 2018

Greenpeace should be thrilled – Jacqueline Rowarth:

Greenpeace has suggested that meat and dairy product consumption should be reduced to 16kg and 33 kg per person per year, respectively. 

For the average North American (eating 90kg of meat and 275kg of dairy products, according to the OECD and FAO) and European (70kg of meat and 286kg of dairy products), the Greenpeace suggestion could be seen as radical. 

For the average New Zealander, it would require quite a rethink: we eat 72.2kg meat and “more than 200kg” of dairy products per capita per year.

The Greenpeace vision is explained in ‘Less is more: reducing meat and dairy for a healthier life and planet’, released in March 2018. It is based on the following statement:  . . 

Matamata dairy farmers win Waikato Ballance Farm Environment Awards:

Matamata dairy farmers Rod and Sandra McKinnon, Oakstone Hinuera Ltd, have won the Waikato Ballance Farm Environment Awards. Their win was announced on Thursday night (April 5) at the Sir Don Rowlands Centre at Lake Karapiro. The McKinnons will host a field day at the Taotaoroa Road property on Thursday May 10 from 10am.

Rod and Sandra milk 375 cows on 140ha (effective) producing 162,000kg of milk solids a year. They bought their first 44ha farm in 1992 and added 25ha in 1995, 92ha in 2005 and 33ha in 2017. A philosophy to look after the environment had been maintained alongside the growth of the business from 44ha to 194ha in 25 years, the awards judges said. . . 

Kaipara Flats family operation wins Auckland Ballance Farm Environment Awards:

The Dill family from Kaipara Flats has won the 2018 Auckland Ballance Farm Environment Awards. Family teamwork and a multi-generational attachment to the land have created a successful and sustainable farming business with many environmental highlights for the Dills at Kaipara Flats near Warkworth.

Father and son duo, Bruce and Steve Dill, are the farmers on the 488ha sheep and beef property. They are supported by Buce’s wife Felicity, and Steve’s wife Clare, who has an increasing involvement alongside her communications and marketing consultancy work. Their win was announced at a dinner at the Holiday Inn Auckland Airport in Mangere on Wednesday night (April 4). The family will host a field day at their Dill Road property on Tuesday May 8 from 10.30am. . . 

Hawke’s Bay farmer and agribusiness leader Sam Robinson joins NZ Young Farmers Board:

Hawke’s Bay farmer and agribusiness leader Sam Robinson has joined the board of NZ Young Farmers as an appointed director.

The 67-year-old brings strong governance experience and extensive industry connections to the role.

Sam is on the board of red meat processor and exporter Silver Fern Farms and spent nine years as the chairman of AgResearch. . . 

Fonterra milk collection hindered by unkind weather in February –  Paul McBeth:

(BusinessDesk) – Fonterra Cooperative Group’s New Zealand milk collection fell 4 percent in February from a year earlier, as difficult weather conditions weighed on pasture quality and feed growth rates.

The country’s dominant milk processor collected 135.3 million kilograms of milk solids in February from 140.9 million kgMS a year earlier, taking the season-to-date collection to 1,171 million kgMS, down 2 percent from a year earlier, the Auckland-based cooperative said in its monthly global dairy update. It forecasts annual collection to be 1,480 million kgMS. . . 

A2 remains confident in Chinese demand as competitors emerge, share price drops – Sophie Boot:

(BusinessDesk) – A2 Milk Co says it hasn’t seen any change in growth in China and it’s confident in its business as its share price continues to drop on news that competitors have begun selling their own A2-branded infant formulas in China.

The stock dropped 6.5 percent last Wednesday, when Nestle confirmed it is had launched an A2 product under its Illuma brand, with the product called Atwo and sold in China. It fell a further 4.2 percent on Thursday and was recently down 4.4 percent to $11.86. . . . . 

ASX-listed CropLogic to spend up to A$320k to buy Tasmania-based Ag Logic – Paul McBeth:

(BusinessDesk) – Kiwi agritech company CropLogic will spend up to A$320,000 in cash and scrip to buy Tasmanian agri services firm Ag Logic to develop an Australian beachhead.

Christchurch-based CropLogic, which is listed on the ASX, has signed a conditional share sale agreement to buy the Tasmanian firm, which would see it pay A$160,000 in cash and $160,000 in shares. Half of the acquisition price would be at the time of settlement, and two further payments depending on meeting earnings targets, CropLogic said in a statement. The deal values Ag Logic at 1x revenue and would employ Ag Logic’s Reuben Wells on a base salary of A$100,000 a year with incentives of up to A$60,000. . . 


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