Fonterra floats deep reform – Hugh Stringleman:
Fonterra may be reformed with farmer-only shares of lower value and a share standard reduced by one-for-four in the preferred new capital structure.
Six months of consultation have begun on options to change the structure to give farmers greater financial flexibility.
If a general agreement emerges, shareholders could vote on a new structure at the November annual meeting where 75% majority approval would be required.
The Fonterra Shareholders’ Fund (FSF), the mirror market which sets the value of supply shares, has been temporarily capped in size and may disappear in the future. . .
Water to transform mid-north – Huigh Stringleman:
The first community water storage and irrigation scheme to be built in Northland for more than 30 years is taking shape on higher ground northeast of Kaikohe.
Diggers and earthmovers are about to begin the footings of an earth dam to define Matawii reservoir, which will be filled by rainfall from streams and drains in the small catchment when the flow rate is above median.
Te Tai Tokerau Water Trust (TTTWT) is building the dam to retain 750,000 cubic metres of water when full on 18ha of former dairy farm off State Highway 12 near Ngāwhā Springs, in the region locals call the Mid-North.
It will then build the infrastructure to distribute the water to private and corporate users in the district, including augmenting the Kaikohe town water supply. . .
50 years in shearing shed enough – Alice Scott:
Owen Rowland might have just celebrated his retirement after 50 years in the shearing shed — but he’s quick to point out he only did 49 on the handpiece.
Shearing is in the Rowland family blood. His father and uncle both shore their way into farm ownership, buying land at Enfield.
He can recall as a young fellow heading off to sit an exam at school.
“My uncle yelled out to not take too long so I could get back into the shearing shed, so I just went in, signed my name on the sheet and walked out again. And I have been shearing ever since.” . . .
Merino shears found looking forward to 60th anniversary – Jared Morgan:
The New Zealand Merino Shears turns 60 in October and front and centre at the celebrations will be one of its founders.
The Alexandra man is the last of three, the late Brent Gow and the late Fred McSkimming, who “started the thing”.
He had, in part, been inspired by the exploits of Godfrey Bowen whom a British newspaper described as “shearing with the grace of [Rudolph] Nureyev’s dancing”.
Now aged 94, Mr Dreckow remembers being less impressed . .
Lands of lonlieness the unbearable pressure of farm life – Nadine Porter:
Young farmworkers continue to be disproportionately represented in farm suicide figures despite higher awareness of mental health issues. A Stuff investigation by NADINE PORTER considers whether the isolation of farm life can exacerbate problems in vulnerable young men.
By the time Mark (not his real name) attempted to end his life, his farm job had all but consumed him.
Grafting 15 hours most days on an isolated West Coast property as a dairy farm manager and then as a contract milker, he had little time to deal with the thoughts in his head.
Employing staff, handling costs and organising day to day management of the farm was part of the plan to get ahead financially, but it also led to him becoming self-absorbed and distant from his wife and children. . .
We’re on track to set a record for global record consumption – Dan Blaustein-Rejto and Alex Smith:
Bill Gates made headlines earlier this year for saying that “all rich countries should move to 100% synthetic beef” in an interview with MIT Technology Review about the release of his new book, How to Avoid a Climate Disaster. Although he recognized the political difficulty of telling Americans they can’t eat any more red meat, Gates said he sees real potential in plant-based alternatives from companies like Beyond Meat and Impossible Foods.
Nevertheless, the world is expected to eat more meat in 2021 than ever before. The United Nations Food and Agriculture Organization projects that global meat consumption will rise by more than 1% this year. The fastest growth will occur in low- and middle-income countries, where incomes are steadily climbing. . .