Rural round-up

July 11, 2011

Confidence lifts on rural up-swing – Tony Chaston:

PGGW’s back to the basics approach and the focusing on its core asset, it’s staff, is a strategy many in the agricultural industry said should have happened years ago.

The direction the previous management had taken the company saw major damage to the once strong PGGW brand, and indirectly to its low share price.

It appears the new owners are giving this company some time to sort its act out, but this will not last forever, and it is no secret that the controlling shareholder interests are more in the seeds area, than other parts of the business . . .

Foreign buyers’ policy affirmed by farmers – RadioNZ:

Federated Farmers has reaffirmed its support for overseas investment in New Zealand agriculture by people who want to come and farm here.

But it’s not so comfortable with foreign coporate investors buying large numbers of farms that could end up in foreign control.

Beef + Lamb promoting trade opportunities with Japan:

Beef + Lamb New Zealand Chairman, Mike Petersen is part of the New Zealand delegation attending the Japan New Zealand Partnership Forum in Tokyo next week, working to strengthen the business relationship between the two countries.

With both countries in recovery mode since devastating earthquakes, common interests are strengthened and there is a realisation that business must play a leading role in moving Japan and New Zealand forward, Petersen said.

On the agenda will be discussion of the Trans Pacific Partnership (TPP) free trade agreement and while Japan is not yet a party to those negotiations it has signalled its interest.

“If Japan was to join the TPP this would certainly expand the trade opportunities for our two countries within the Asia Pacific region. . .

Woolly thinking it’s not – Peter Kerr:

For a change, you can’t call this woolly thinking

The wool industry got some interesting ‘innovation things’ happening at the moment.

Firstly, there’s a consortium consisting of the Wool Research Organisation of NZ, industry participants and the Ministry of Science and Innovation, that’s collectively investing $3m a year over the next five years on a range of projects. This is being managed by Wool Industry Research Ltd. (WIRL) and is examining some industry good projects and confidential individual company co-funded wool projects to help move the fibre up the value chain.

But, of more immediate interest is a project, initially kicked off by WRONZ, now managed by WIRL, which commissioned a New York based innovation consultancy to find some new, better paying, markets for wool. . .

Scientists in Scotland decode potato genome – BBC:

An international team of scientists based in Scotland has decoded the full DNA sequence of the potato for the first time.

The breakthrough holds out the promise of boosting harvests of one of the
world’s most important staple crops.

Researchers at the James Hutton Institute in Dundee say it should soon be
possible to develop improved varieties of potato much more quickly. . .

Rabobank’s Agribusiness review June 2011:

Prepared by the bank’s Food & Agribusiness Research and Advisory division (FAR), the report provides monthly commentary on New Zealand and Australian agricultural conditions.

Key highlights:
•June was mild in New Zealand, with winter really only arriving at the end of the month. The seasonal outlook in New Zealand is generally for warmer than average temperatures and wetter than average rainfall. Continuing dry conditions across Australia through June, consistent with the end of the La Nina event and expected to prevail into spring, have switched the focus back to how much rain will fall on winter crops over coming months. . .

The full report is here.


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