No fire sale for public farms

No fire sale for public farms

[24 August/ NZ Farmers Weekly] State Owned Enterprises Minister, Todd McClay said that while Landcorp may sell some its land to reduce debt levels, the company will remain 100 percent government-owned. Prime Minister, John Key said the debt levels of all state owned enterprises were under close scrutiny following the...
Change of guard at Meat Industry Excellence

Change of guard at Meat Industry Excellence

[20 August/ Business Day: NZ Farmer] Southland Farmer, Peter McDonald has been appointed as chairman of Meat Industry Excellence following the resignation of John McCarthy. Mr McDonald currently farms around 4,000 ewes and has been a tireless campaigner for Meat Industry Excellence. Mr McCarthy said it was appropriate to have...
Milk prices surge at latest auction

Milk prices surge at latest auction

[19 August/ Otago Daily Times] Wholemilk powder prices have increased by 19.1 percent to USD 1,856 a tonne in the latest GlobalDairyTrade auction, raising hopes that prices may finally have turned. The overall GlobalDairyTrade price index also increased by 14.8 percent. Whole milk future prices, for contract periods from November...
Seafood industry backs legislation update

Seafood industry backs legislation update

[20 August/ Radio NZ Rural] Seafood New Zealand Chairman, George Clement has backed the government’s decision to review the Fisheries Act. Primary Industries Minister, Nathan Guy said both the Fisheries Act and the quota management system needed to be freshened up, with potential changes to both management processes and legislation....
Minister, WorkSafe at odds on farm safety

Minister, WorkSafe at odds on farm safety

[21 August/ Radio NZ Rural] WorkSafe New Zealand said the decision to classify sheep, beef and dairy farming as low-risk in terms of health and safety went against its advice. WorkSafe New Zealand said it told Workplace Relations and Safety Minister, Michael Woodhouse that agriculture was the worst performing industry...
KPMG Agribusiness Agenda – Growing Value

KPMG Agribusiness Agenda – Growing Value

The theme of volume 1 of the 2015 Agribusiness Agenda – Growing Value, is shaped by two key factors facing the New Zealand primary sector. Firstly, at the top-of-mind for many sector leaders is uncertainty around the future of the dairy sector with the unexpectedly deep decline in global dairy...
Latest entries

Call for more rural mental health funding

[24 August/ Radio NZ Rural] Rural Health Alliance Aotearoa New Zealand Chief Executive, Michelle Thompson said the recently announced $500,000 funding boost for mental health initiatives was a good start, but more funding was needed to solve complex mental health issues. The Rural Health Alliance Aotearoa New Zealand is to work with the Ministry of...

Farm sales falling, latest figures show

[20 August/ Radio NZ Rural] According to the Real Estate Institute, the number of farm sales has continued to fall with no sign of a surge of dairy farms hitting the market. The amount of farms sold in the three months to July 31 fell by 15 percent to 433 farms compared with same period...

Farm sales for Landcorp likely – SOE Minister

[19 August/ Radio NZ Rural] State Owned Enterprises Minister, Todd McClay expected Landcorp to sell farms to boost its balance sheet. The government is concerned with Landcorp’s debt levels, following the demise of Solid Energy and the drop in dairy prices. Mr McClay believed that the company would lose money in the remained of the...

Our food story must tell the truth

[24 August/ NZ Farmers Weekly] Waikato University Agribusiness Professor, Jacqueline Rowarth said New Zealand needed to improve its marketing by basing it on facts, evidence and statistics rather than hype. Ms Rowarth said consumers are increasingly focused on where their food comes from, with a global trend towards natural, organic produce.  Ms Rowarth believed New...

Marlborough mussel farmer fights for farm extension

[24 August/ Business Day: NZ Farmer] Clearwater Mussels is to appeal a decision by the Marlborough District Council, which rejected the renewal of its coastal permit and extension of its farm at Campbell Point from 4.37 hectares to 15.25 hectares. Clearwater said it should be allowed to extend its permit because the site was not...

Woe for Coveney as dairy hopes turn sour

[22 August/ The Irish Times] Irish Agricultural Minister, Simon Coveney, once a keen advocate of the removal of the European Union milk quotas, wants the Union to step back in and raise its intervention price for milk. Mr Coveney had encouraged farmers to increase herd numbers and debt to be able to produce more ahead...

Deere Reaps Results of Weak Crop Prices

[22 August/ The Wall Street Journal] Deere & Co. has seen its latest quarter profit fall by around 40 percent to USD 511.6 million as a result of weak crop prices reducing the demand for new farm equipment, while also leaving dealers with a surplus of used models. Used-equipment market consultants, Iron Solutions estimated that...

Seeds of doubt on Aldi’s beef claim

[21 August/ The Sydney Morning Herald] Supermarket chain, Aldi has admitted that its Highland Park-branded grass-fed beef products are from cattle given grain-based supplementary feed in bad weather conditions. Under both local and international best practice standards, grass-fed cattle must never consume grain or grain by-products. While Aldi’s produce are not grass-fed-certified under the Pasturefed...

Popular foods taking on new hues without artificial dies

[21 August/ NZ Herald] Food makers in the United States are attempting to remove artificial dyes from their products in a bid to make products more natural. Many have faced difficulties in replicating the vivid colours consumers expect. General Mills Cereal Developer, Kate Gallager said the company had struggled to produce the same vibrant colour...

Swiss agribusiness giant Syngenta to sell flower seed business

[19 August/ Agence France Presse] Syngenta has announced that it is to sell its flower seed business. The activity has been part of its lawn and garden unit, whose focus is on professional products markets such as golf courses and industrial pest management. No further details were provided.

Look after animal welfare or pay the price, warns wool buyer

[18 August/ The Australian] Modiano Chief Executive, Laurence Modiano has asked Australian Agriculture Minister, Barnaby Joyce to legislate for mandatory pain relief when performing animal husbandry operations on sheep. Mr Modiano said commercial requests for wool from non-mulesed sheep had grown by 50 percent in the past year, and that a lack of action on...

Salmon Deal

[18 August/ The New York Times] Cargill has agreed to acquire salmon and trout feed supplier, EWOS for around USD 1.5 billion. The deal will see Cargill enter the salmon market for the first time, making it a leading supplier to salmon farms. Cargill President, David MacLennan said the deal was a strategic investment in...

Pork industry brings home the bacon

[20 August/ Radio NZ Rural] New Zealand Pork Chairman, Ian Carter said the industry has been reaping the benefits of the dairy downturn and high beef prices. Mr Carter said domestic produce had become even more competitive due to the higher price of beef, with consumers purchasing pork as a more cost-effective option. Mr Carter...

Science close to unlocking velvet’s secret

[24 August/ Deer Industry New Zealand Media Release] New Zealand and South Korean scientists believe they will soon be able to identify compounds that give deer antler velvet its immune boosting properties. If successful, it will allow velvet extracts to be sold with the measurements of the active ingredients they contain. Deer Industry New Zealand...

Climate change policy a failure, says professor

[24 August/ Radio NZ Rural] Canterbury University Forestry Professor, Euan Mason said the agriculture sector should be required to participate fully in the Emissions Trading Scheme to make it more effective. Mr Mason said figures released by the Environmental Protection Authority showed that New Zealand’s climate change policy was a failure, with the country now...

Culling of dairy cattle increases as farmers look to maximise milk profit in hard season

[21 August/ Business Day: NZ Farmer] According to Meat Board statistics, the national cow kill has increased by more than 160,000 cows, as more dairy farmers cull cattle in response to slumping milk prices. The amount of cows processed in export-licensed plants also increased by 19 percent on last year. Economic Service Director, Rob Davison...

Brazil’s JBS offers 4.5% premium for majority stake in Scott Technology

[20 August/ National Business Review] JBS has offered a 4.5 percent premium to buy a controlling stake in Dunedin-based Scott Technology. The offer, which requires 75 percent shareholder approval, would include the purchase of 10 million shares at $1.39, a one-for-eight non-renounceable rights issue at $1.39 for shareholders who did not want to be diluted...

Production rolling at Fonterra’s $230m plant

[25 August/ NZ Herald] Production has begun at Fonterra’s new $230 million high-efficiency milk powder plant in Pahiatua. Whole milk powder from the plant will be exported into more than 20 markets including South America, the Middle East and Southeast Asia. Fonterra Managing Director of Global Operations, Robert Spurway said the plant was part of...

Fonterra wants more say in milk acceptance

[24 August/ Business Day: NZ Farmer] Fonterra said that it should have more control over what milk it should accept from farmers and that it should not have to make milk available to large dairy processors, other than domestic market food producer Goodman Fielder. Fonterra’s submission comes at a time when the Commerce Commission is...

A2 Milk burns through cash as takeover talks stall

[20 August/ National Business Review] A2 Milk has spent around $10 million in cash in the year ending 30 June 2015, as it begins to ramp up infant formula production ahead of its launch into the United States. The company has also called off a planned equity raising, after it decided a joint takeover offer...

New Zealand’s fish stocks up with the world’s best, says top scientist

[24 August/ Business Day] Ministry for Primary Industries Principal Fisheries Science Adviser, Dr Pamela Mace said New Zealand fish stocks are performing as well as, if not better, than any other stocks in the world. Ms Mace said that 83 percent of 300-plus stocks were above the level where sustainability issues might be a concern,...

New boss for WNZ

[20 August/ Rural News] Turners & Growers Global Marketing Manager, Rosstan Mazey has been appointed as the next new chief executive of Wools of New Zealand. Wools of New Zealand Chairman, Mark Shadbolt said Mr Mazey has good experience in the international marketplace and in dealing with growers. Mr Mazey said he hoped to increase...

Andrew Little sledges farmers for not speaking up about health and safety

[21 August/ Business Day: NZ Farmer] Labour Party Leader, Andrew Little has slammed farmers for failing to speak out about new health and safety rules that defines dairy and cattle farming as low-risk. Mr Little said the industry had a responsibility to step-up and improve its health and safety record. Mr Little believed the National...

Farmers applaud Govt safety move

[20 August/ Radio NZ Rural] Farmers and industry groups have applauded the government’s decision not to categorise the majority of farmers as being high risk under the Workplace Health and Safety Bill. The move will exclude the majority of farms from designating a staff member as a health and safety representative. Federated Farmers Health and...