Rural round-up

June 13, 2018

New faces take on arable roles – Annette Scott:

Wairarapa cropping farmer Karen Williams made history as she took up the reins of the Federated Farmers arable section at its annual conference.

The first woman to head the section, the 2017 biosecurity farmer of the year and former Ballance Farm Environment Award winner takes on the job with a bundle of enthusiasm.

“I am excited about the opportunity. 

“For me this role gives me the opportunity to continue to work in biosecurity and engage in that space in Wellington. . . 

Drones prove worth on farms – Richard Rennie:

Drones initially welcomed as great novelties are now fixtures as business tools and on farms they can have multiple uses. Richard Rennie talked to farmers who have used them and found a new drone firm setting up shop here as their use becomes more widely accepted.

IN THE heady early days of drone deployment many promises were made about how they would revolutionise some of the grinding daily farm jobs, often all from the comfort of the farm kitchen table. 

A few years on they have proved to be more than a flash in the pan. 

For some farmers they are now an established tool but still as dependent on the technology they take into the sky as the inventiveness of farmers using them. . . 

Meat company results only average for 2017 – will 2018 be any better?  – Allan Barber:

ANZCO’s lacklustre result for 2017, posted last month, concludes the financial reporting for last year by the three major processors which publish their results. ANZCO’s pre-tax profit was $1.8 million which compares disappointingly with Alliance Group’s $16.7 million profit and Silver Fern Farms Cooperative’s 15 month profit of $7.8 million.

None of the three companies achieved a particularly good return on their investment in the business, but both Alliance and SFF showed improvement on the previous year which was in each case the result of substantial changes in the business structure and balance sheet. The $261 million investment by Shanghai Maling in acquiring 50% of SFF had an immediately positive impact on the company’s balance sheet strength and interest bill. During its year to September Alliance was able to reduce debt and make increased investment in plant upgrades at the same time. . . 

Danone adds to investment in NZ infant formula with proposal to buy up to 49% of Yashili New Zealand – Jonathan Underhill

(BusinessDesk) – Danone plans to increase its investment in New Zealand infant formula manufacturing by acquiring up to 49 percent of Yashili New Zealand Dairy Co, the local unit of China Mengniu Dairy, according to a filing in Hong Kong.

Terms of the transaction haven’t been finalised, including the price and method of payment, Yashili International said in a statement to the Hong Kong stock exchange. “The consideration, the payment method and the payment schedule shall be determined after arm’s length negotiations and mutual agreement between the parties,” it said in a statement to the Hong Kong stock exchange. . .

Changes on board of Young farmers – Sally Rae:

Experienced Dunedin marketer Sharon Angus has joined the board of New Zealand Young Farmers as an appointed director.

Ms Angus (54), who is former general manager of marketing at Silver Fern Farms, has extensive experience with food brands.

The marketing consultant was excited about joining the board as she felt New Zealand Young Farmers “represents the future”. . . 

Process vegetables industry signs up to GIA:

Today, Horticulture New Zealand signed a Government Industry Agreement (GIA) for Biosecurity Readiness and Response on behalf of Process Vegetables New Zealand (PVNZ).

PVNZ chair David Hadfield says robust biosecurity should be seen as an investment for growers.

“Committing to the GIA enables us to have closer, more informed interactions with the Ministry for Primary Industries (MPI) and other GIA industry partners around biosecurity. This includes planning for potential incursions and taking a leading role in collective biosecurity management where it impacts our members,” Hadfield says. . . 

Knitted with love:

How Fonterra is helping keep Gore’s newest residents warm and cosy this winter.

It’s a rainy Wednesday afternoon in Gore and Lois Shallard’s knitting needles are working over-time. Beside her on the table is a pile of tiny knitted baby socks, singlets and hats and at her feet are balls of wool – hot pink, lime green, lavender and a “lovely mottled blue”.

Lois is 70 this year and she’s been knitting since her teens. She knitted clothes for all her children back in the day and now she’s moved on to knitting for her town’s new mums.

“I love knitting the little socks the best, they are just so tiny and cute.” . . 


Rural round-up

August 31, 2013

Fonterra Leadership to Visit China Next Week:

Fonterra Chairman John Wilson and CEO Theo Spierings will lead a Board of Directors visit to China next week to meet with Fonterra management and key stakeholders.

Mr Wilson said the Co-operative’s Board had already planned to visit China in early September for Directors to meet with Fonterra staff and stakeholders, and view progress on Fonterra’s farming hub in Yutian.

“Now that it has been confirmed that there was no Clostridium botulinum in our whey protein concentrate, we need to address any remaining concerns our stakeholders in China might have. . .

Fonterra’s false alarm shows danger of ‘crying wolf’:

Victoria and Otago Marketing academics provide expert comment on the Fonterra crisis:

Although it is good news that Fonterra received the ‘all clear’ from the Ministry for Primary Industries yesterday, a lot more needs to be done to restore New Zealand’s reputation, say academics from Victoria University of Wellington and the University of Otago.

Dr Hongzhi Gao, Senior Lecturer in Marketing at Victoria Business School and Senior Research Fellow of the New Zealand Contemporary China Research Centre, says the New Zealand government and business communities still have a big job ahead to ensure the official findings filter through to the global market.

“Negativity was so widely spread overseas that a proper public relations campaign needs to be planned and implemented in key dairy export markets, including China. If it is done well, the crisis may be turned into an opportunity for New Zealand’s brand,” says Dr Gao. . .

PGG Wrightson sells Heartland stake for $11.3 million to reduce debt – Tina Morrison

(BusinessDesk) – PGG Wrightson, the rural services company controlled by China’s Agria Corp, sold its stake in Heartland New Zealand for $11.3 million to reduce debt.

Christchurch-based Wrightson sold 13.18 million shares in Heartland, the parent of the country’s newest bank, through a brokerage yesterday at 84 cents a share, a 3.4 percent discount to the 87 cent share price Heartland was trading at immediately prior to the sale. Wrightson acquired the stake as part of the sale of its finance arm to Heartland.

“It wasn’t a strategic holding for us, it’s not our core business,” said company secretary Julian Daly. The stock price “was at a level that we were satisfied with.” . . .

Yashili Granted Consent for Infant Forumla Plant in Pokeno:

Independent commissioner Michael Savage has granted land use consent to Chinese company Yashili NZ Dairy Co Ltd to construct and run a $220 million infant formula plant in Pokeno.

This follows a three day hearing which took place on Wednesday 31 July – Friday 2 August at the Waikato District Council Chambers in Ngaruawahia.

The Council’s Regulatory Committee appointed Michael Savage as the independent Commissioner to hear the application, which received 27 submissions with five submitters heard at the hearing. . .

Synlait Milk will process more milk than forecast in FY14:

Synlait Milk will process more milk than forecast following a decision to take a significant allocation of milk under the Dairy Industry Restructuring Act in the financial year to 31 July 2014.

The decision was made after further planning and a small investment in plant and equipment resulted in an opportunity to increase production capacity of its ingredient products without impacting the forecast infant formula and nutritional products business.

The extra milk will result in an increase to the forecast milk supply and production volumes of its ingredient products as stated in the prospective financial information (“PFI”) of its prospectus issued in June 2013. While early in the season the additional total production provides the Company with increased confidence in achieving its forecast financial result for FY2014. . .

Westland Milk Products joins the ‘good news club’:

Federated Farmers West Coast says New Zealand’s second largest dairy cooperative, Westland Milk Products, has now joined the ‘good news club.’ The cooperative has revised its 2013/14 forecast payout to a range of $7.60-8.00 per kilogram of milk solids (kg/MS), with a new advance rate of $5 kg/MS.

“It has been one hell of an August. I even saw someone at Federated Farmers head office tag it as dairying’s ‘mensis horribilis’,” says Richard Reynolds, Federated Farmers West Coast Dairy chairperson.

“Frankly, West Coast farmers like me are counting down to 20 September when we get the advance. After the rare West Coast drought this year, we’ve got more than an overdraft to start clearing. . .


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