Alliance poised with strong balance sheet – Sally Rae:
Alliance Group’s profit this year will be “substantially up” on last year’s result, chief executive David Surveyor says.
Speaking at a roadshow meeting in Waimate last week, Mr Surveyor could not give a figure as he did not yet have the audited accounts, but said a pool payment would also be made.
Last year, the company posted a pre-tax profit of $10.1million for the year ended September 30, based on a turnover of $1.36billion.
Last year’s debt figure of $41million would be halved to somewhere around the $20million mark, Mr Surveyor said. . .
Don’t call me a “female farmer” – Milk Maid Marian:
I’m just a farmer. Not an “invisible farmer”, not a “woman in ag”, just a farmer. Being able to prime a pump and drain a sump does not make me exceptional either. Just another farmer.
I’m not sure, really, why there are so many women-in-ag groups. Their existence suggests the female form is somehow a problem when it comes to twisting wire into a figure 8 knot or developing a new plot. It’s not.
All my life, I’ve watched women farmers at work. My grandmother, mother, neighbours and friends. There’s nothing new – or second-rate – about female farmers. . .
New Zealand’s Tamarillo Co-operative has signed a major deal with a distributor allowing Tamarillo Marinade and Tamarillo Vinegar to be sold in the US and Canada.
The first of shipment of tamarillo pulp has left Whangarei for US-based food producer and distributor, Serious Foodie. Tamarillos are processed into pulp and vinegar concentrate in New Zealand and exported to Serious Foodie in bulk. Florida-based Serious Foodie then makes the pulp into Tamarillo Marinade and Tamarillo Vinegar. . .
Agri family businesses that have a trust structure need to make sure they’re not burnt by the changes in legislation that governs trusts.
Crowe Horwath Business Advisory Partner Denis Hames says neglecting your family trust has never been a good idea and in light of the new Trusts Bill currently going through parliament, which would tighten up the obligations and responsibilities of trustees, trusts will need to be reviewed to ensure their ‘fitness’ in the current environment. . .
A South Waikato ginseng producer is ready to approach potential investors to increase its production and exports with the help of funding of up to $40,000 from the Ministry for Primary Industries (MPI).
Maraeroa has 20 hectares of high value wild simulated Asian panax ginseng growing on the forest floor of its 5,550 hectare pine plantation. The group is looking to double the size of its ginseng plantation by raising capital and having a purpose designed processing factory built at Pureora. . .