Revenue Minister Todd McClay has said that flood affected farmers in Northland will be offered assistance through Inland Revenue’s income equalisation discretion following the declaration of a medium scale adverse event by Primary Industries Minister Nathan Guy this morning.
“The Government recognises that this will be a difficult time for many in Northland as they come to terms with the damage caused by recent severe weather events. This assistance from IRD will give greater certainty to affected farmers and is designed to make the coming months easier for them as they deal with the damage done to their farms,” Mr McClay says. . .
High levels of labour efficiency, low costs of production and plenty of potential to increase productivity with minimal investment are the good news stories from the 2013 Southern Beef Situation Analysis, commissioned by MLA.
The findings reinforced earlier work about the opportunities for southern beef producers.
The analysis found that average profits per hectare in beef production have lagged behind most alternative enterprises in the southern region, excluding wool, in the past 15 years.
However, it also showed that it would be better for southern beef producers with low profitability to improve efficiencies in their current business rather than switching to an alternative enterprise. . . .
Crown Irrigation Investments Limited (Crown Irrigation) today announced it has reached financial close on its first investment with Central Plains Water Limited.
Under the agreement, Crown Irrigation will provide $6.5 million of subordinated debt finance for a period of up to five years, to support the construction of excess capacity in the headrace to be built during Stage 1 that is needed for later stages of the irrigation scheme.
Following the agreement of a terms sheet in March 2014, the transaction has been subject to comprehensive due diligence by Crown Irrigation and all conditions precedent have been satisfied. . .
GlobalDairyTrade (GDT) announced today that Molkerei Ammerland will join the seven existing sellers on GlobalDairyTrade beginning September, 2014, offering Sweet Whey Powder for the first time on the world’s leading auction platform.
Molkerei Ammerland’s participation as a seller on GDT marks yet another significant development in the world’s foremost online dairy commodity trading platform.
Molkerei Ammerland, one of Europe’s leading dairy cooperatives, gathers milk from over 2000 farmers across northwest Germany, and through its state of the art production facilities it processes more than 1.5 billion kilograms of milk for sale to over 50 countries around the world. Molkerei Ammerland specialises in cheeses, butter, whey powders, milk powders and fresh dairy products, and has capitalised on over 125 years’ experience. . .
The New Zealand seafood industry congratulated Southern Seabird Solution Trust’s on its short film “Sharing Worlds, Seabirds and Fishing” which was launched today by the Hon Nick Smith, the Minister of Conservation at the Royal Albatross Centre on the Otago Peninsula.
The film highlights Otago fishing and conservation working together for the benefit of seabirds like the yellow-eyed penguin and sooty shearwater, also known as titi.
“The film is a tangible demonstration of how organisations, often with differing interests, can work together in a positive and proactive way,” says George Clement, Chair of Seafood New Zealand who was at the launch. . .
Andy Somerville has been appointed as the new chief executive officer for the Primary Industry Capability Alliance (PICA).
PICA is a collaboration between New Zealand Young Farmers; DairyNZ; Beef and Lamb NZ; PrimaryITO; Taratahi; Ministry for Primary Industries and Lincoln University, set up in 2012 to develop a capability strategy for the wider agricultural industry.
Chair of the Transition Board for PICA, Mark Paine, says Andy, originally from Otago, is a Lincoln University graduate who comes from a rural and commercial banking background. . . .