Dairy price estimates are consistently wrong – Keith Woodford:
As occurs each year, the media have focused on Fonterra’s opening forecast for the coming year, predicted this year to be $4.25, as if it has significant meaning. To put that in perspective, here are Fonterra’s opening forecasts and actual payments for the last five years.
The overall tendency has been for Fonterra to be over-optimistic by $0.58 c per year. However, the average error in the prediction is $1.27c, ranging from minus $2.60 to plus $1.40. In three of the five years, Fonterra has been out by more than $1.30. . .
(BusinessDesk) – The New Zealand Merino Company, which markets the nation’s wool to customers on behalf of suppliers, has signed a five-year, $45 million deal to supply fine wool to Italian luxury fabric manufacturer Successori Reda, its longest-ever contract.
The fixed-price contract for 2,500 tonnes of fine wool in the 15.8 to 19.2-micron range effectively locks up supply for all of the qualifying wool that New Zealand will produce over the five-year period, said NZ Merino chief executive John Brakenridge. Previously, NZ Merino’s longest contract period covered three years. . .
Changes to firearms’ licensing programme will have a major negative impact on rural communities
Rural Women New Zealand (RWNZ) is very concerned about the changes to firearms’ licensing, training and testing, being proposed by the Mountain Safety Council (MSC). The MSC executive has been announcing these changes in a series of road shows around the country. Volunteer instructors are being told their services are no longer required.
The current MSC Firearms Safety Programme has about 480 volunteers with significant hunting and shooting experience. They are based in 150 locations in New Zealand. MSC propose to significantly reduce the number of trainers and the number of locations. . .
A group of Silver Fern Farms shareholder suppliers are back on their farms following a week-long tour of China where they discovered just how complex the market there is. Tony Benny joined them on tour.
As a 30-strong group of New Zealand farmers, Silver Fern Farms staff and guides – and including three reporters – streak into central Shanghai from Pudong airport aboard the Maglev train, the display in the carriage reads 315kmh.
They’re on the world’s fastest train service, even if this morning it’s down on its usual top operating speed 431kmh. It will deliver them into a city of 36 million people, the sophisticated, vibrant and stylish heart of shipping and finance in China. . .
Primary Industries Minister Nathan Guy has announced changes to quota management for eels in the South Island which will see the current single stock split into two – longfin and shortfin eels.
“Longfin eels are more vulnerable to environmental and other factors, compared to shortfin eels. Therefore it’s important to manage the two species as separate stocks with their own catch limits and sustainability settings,” says Mr Guy.
“It means we can take into account the different characteristics and value of each species when setting limits, and take a more precautionary approach to longfin eels which are more vulnerable. It is also consistent with how eels are managed in the North Island and the Chathams.” . .
Two organisations committed to the Jersey breed are joining forces and expertise to breed even better dairy cows into the future.
The breed society, Jersey New Zealand, and herd improvement company, Livestock Improvement Corporation (LIC), have signed an agreement to work together to jointly select and prove the genetic merit of additional top young Jersey bulls.
The programme will add eight extra bulls to LIC’s current Jersey breeding programme, and will statistically lift the rate of genetic and productive gain for the breed within the industry. . .
New Zealand Farm Environment Trust general manager David Natzke is stepping down after a decade at the helm of the organisation that administers the highly successful Ballance Farm Environment Awards.
New Zealand Farm Environment (NZFE) Trust chairman Simon Saunders said Mr Natzke has made a huge contribution to the Trust since his appointment in March 2006.
“Under David’s management the Trust has developed into a highly professional organisation that has grown the Ballance Farm Environment Awards (BFEA) into one of our primary sector’s premier events.”
Mr Natzke worked with trustees to manage the Awards programme and expand the list of Trust activities. . .
Communications Minister Amy Adams today announced the completion of the Rural Broadband Initiative (RBI) Phase 1 new tower programme with 154 new cell towers now built ahead of schedule.
Ms Adams was on site to celebrate the completion of the programme in Waipu, and said that under the RBI, nearly 300,000 rural families and businesses are now able to access high speed 3G and 4G broadband services.
Under original specifications, the fixed wireless broadband service was to provide at least 5Mbps peak download speeds. Recent testing shows the 4G service is delivering speeds nine times faster than originally promised.. . .
Spark has found that farmers and the rural sector are consistently the highest users of 4G data across all of New Zealand.
When analysing data traffic over the last month, Spark’s cell towers in both Waiuku and Te Puke show the highest use in all of New Zealand. Farmers and rural residents in these two locations are consistently using over 1 terrabyte of data every week – which is the equivalent of watching 1000 hours (or nearly 42 days!) of non-stop online TV content like Lightbox each week.
Other rural sites including Pukekura, Te Awamutu, Pukekohe and Te Kawa also rank extremely high in 4G data usage, demonstrating that Kiwi farmers are now using mobile technology to enhance their businesses – whether that’s at the farm-gate, on the road or in the paddock. . .