Trans-Pacific Partnership talks down to the wire in Hawaii

Trans-Pacific Partnership talks down to the wire in Hawaii

[27 July/ Stuff: World] Pacific Rim trade ministers are set to meet in Hawaii for talks that could make or break the Trans-Pacific Partnership. Japanese Economy Minister, Akira Amari said the meeting will decide the fate of the negotiations, with many members believing this could be the last meeting. Canadian...
Dairy firm cuts forecast farmgate price

Dairy firm cuts forecast farmgate price

[21 July/ Radio NZ Rural] Open Country Dairy has dropped its forecast farmgate milk price to below $4 per kilogram of milk solids. Open Country Dairy Chair, Laurie Margrain said the lowered price reflected the company’s outlook in terms of exchange rate, foreign currency, contract positions, and sale prices in...
NZ King Salmon wants to move into Southland

NZ King Salmon wants to move into Southland

[23 July/ Business Day] New Zealand King Salmon has met with representatives of Southland’s four councils and Venture Southland to discuss its possible expansion into the region. New Zealand King Salmon Chief Executive, Grant Rosewarne said the company could make major contributions to the economic wellbeing of the region, with...
Forest sector needs more trees

Forest sector needs more trees

[27 July/ NZ Farmers Weekly] Forestry Institute President, James Treadwell believed the forestry industry lacked official encouragement in contrast to the rest of agriculture, which caused annual rates of new plantings to be at its lowest point since World War Two. Mr Treadwell urged the government for equal treatment for...
Vets aim to remove antibiotics from animals

Vets aim to remove antibiotics from animals

[23 July/ Business Day: NZ Farmer] New Zealand vets have announced a commitment to make sure NZ livestock is largely antibiotic free by 2030 providing an advantage to exporters and improved animal health and wellness.  New Zealand is the third lowest user of antibiotics in animals amongst OECD countries, but...
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

Labour loses bid to tighten farmland sales

[23 July/ Radio NZ Rural] The Overseas Investment Amendment Bill, aimed at limiting the sale of rural land to overseas investors and supported by opposition parties, has failed to make it past the first stage in parliament. The bill attempted to limit the discretion of ministers to consent to overseas applications to buy rural land...

Non-dairy food exports on the up

[28 July/ Radio NZ Rural] ASB Bank said falling confidence in the agriculture sector is being offset by flourishing exports of non-dairy foods. ASB Rural Economist, Nathan Penny said that while dairy prices were at their lowest point, prices for beef, lamb, kiwifruit and wine had all steadily increased over the last four years. According...

Big gains from dollar’s fall

[27 July/ NZ Farmers Weekly] According to the ANZ Commodity Price Index, all agriculture sectors, apart from dairy, have gained from the lower New Zealand dollar. Global prices for meat, skins and wool fell by 8.6 percent in the year to June, but the dollar impact resulted in an 8 percent gain in domestic terms....

Labour sets ‘non-negotiable’ stance on TPP free trade talks

[23 July/ Business Day] Labour leader, Andrew Little said his party supported free trade but would not back the Trans-Pacific Partnership unless five non-negotiable conditions were met. The five conditions included the protection of Pharmac, corporations being unable to sue the government for regulating in the public interest, New Zealand maintaining its right to restrict...

Immigration policy ‘won’t be game changer’

[28 June/ Radio NZ Rural] Harris Meats Owner, Bryan Harris said new immigration policies, aimed at attracting migrants to the regions, will help but will not be a game changers. Mr Harris did not believe the new policies would bring about enough change, as it is difficult to attract people to small country districts. Mr...

Free trade a $9bn winning formula for milk producer

[27 July/ The Australian] Camperdown Dairy International has signed an AUD 9 billion deal to supply powdered infant formula to China. The deal, worth AUD 600 million per year for 15 years, will allow buyers to trace the tinned formula back to the farm with a swipe of a smartphone. Great Wall Trading Director, Damien...

Attack on big sugar long overdue

[25 July/ NZ Herald] American Political Advocate, Grover Norquist has announced a campaign to break down tariffs, price supports and quotas that protects sugar producers. Such protections have caused American consumers to pay more than double the world price for sugar, ending American support for sugar producers could put as much as USD 3.5 billion...

Salmon netting ban will destroy livelihoods, fishermen warn

[25 July/ The Times] Scottish salmon net fishermen have accused the Scottish government of attempting to destroy their livelihoods by placing a ban on catching wild salmon using coastal nets in order to conserve stocks. The killing of wild salmon caught in rivers without a licence is also to be outlawed under the new measures....

French farmers block Alpine roads over low meat, milk prices

[24 July/ NZ Herald] French farmers have blocked roads across the country in protest over low milk and meat prices. Farmers have said their profits have been chipped away by cheap imports and pressure from supermarket chains. Farmers are also angry with the French government, after they did not offer direct financial aid in order...

Costa price on the up as local funds pile in

[22 July/ The Australian] The floating of the Costa Group has recently attracted steady demand from sceptical local fund managers which, coupled with expected strong offshore demand, could see its share price reach AUD 2.30. A final price of AUD 2.30 would result in a raising of AUD 560 million, a market capitalisation of AUD...

Middle East forks out for farm’s pre-mashed potatoes

[21 June/ The Daily Telegraph] Northern Irish farm, Mash Direct has generated millions in extra revenue by exporting mash and other vegetable side dishes to the Middle East.  Middle Eastern sales have increased the company’s revenue by £2m towards a predicted £16m this year. Mash Direct Founder, Martin Hamilton said that while international sales represented...

Changes to farmland safety regulations

[27 July/ Radio NZ Rural] Changes have been made to proposed health and safety laws to encourage farmers to allow recreational access to their properties. The Transport and Industrial Relations Committee clarified that a workplace included farm buildings and structures necessary for the operation of the farm, but not other parts of the farm when...

New uses for lower value venison products

[23 July/ Business Day: NZ Farmer] Venison exporters are attempting to boost the rising deer industry by finding markets for undervalued products. Deer Industry New Zealand Venison Manager, Innes Moffat said the industry looked at the United States for pointers on how to achieve extra value from cuts such as ribs, brisket and edible offal....

Consumers are ‘taking a big bite out of the Earth’

[27 July/ Rural News] Science Writer, Julian Cribb estimated that every meal eaten costs the planet 10 kilograms of soil, 800 litres of fresh water and 1.3 litres of diesel fuel. Mr Cribb, who will be speaking at Horticulture New Zealand’s Conference this week, said the modern food system is unsustainably using up a vast...

North Canterbury farmers get reprieve on intensification limits

[24 July/ Business Day: NZ Farmer] Environment Canterbury will no longer apply its proposed 10 percent rule in the Hurunui catchment. The organisation released an advice note on the proposal, and said that the land-use change provisions had unintended consequences for normal dryland farming practices. Hurunui-Waiau Zone Committee Chairman, John Faulkner said the group never...

PGG Wrightson buys Australian seeds business Grainland Moree

[23 July/ National Business Review] PGG Wrightson has agreed to purchase the assets of Australian seed production, cleaning and wholesale seed marketing business, Grainland Moree for an undisclosed amount. PGG Wrightson Chief Executive, Mark Dewdney said the acquisition aligned with the company’s strategy to build its proprietary arable seeds business. Mr Dewdney added that the...

Livestock Improvement posts drop in annual profit

[23 July/ National Business Review] Livestock Improvement Corporation has posted its third consecutive drop in annual profit as lower milk prices weighed on demand for its services, as well as the co-operative spending more on technology and infrastructure to be able to deliver new products to farmers. Net profit in the year to May dropped...

Meat exporter’s marketing focus reaping rewards

[28 July/ NZ Herald] Firstlight Foods Managing Director, Gerard Hickey said that by concentrating on marketing its cuts, rather than processing them, the company has been able to produce a 15 percent premium for its farmers over rival company schedule prices, in the past five years. Mr Hickey said the company, which outsources processing to...

Silver Fern Farms halts share trading on Unlisted

[24 July/ Business Day: NZ Farmer] Silver Fern Farms has suspended training of its shares until further notice, as it continues to progress its capital raising initiatives. The company’s directors elected to be prudent in treating its unlisted share trading as a legally binding securities matter. Six months ago the company had announced it was...

Meetings on meat mergers

[22 July/ Radio NZ Rural] Silver Fern Farms and the Alliance Group are to hold meetings with their farmer shareholders to discuss getting an independent assessment of merger options, after farmer groups achieved the minimum five percent support threshold to call a special meeting. Southland Farmer, Jeff Grant said the resolution will ask the board...

Dairy giant shelves equity trust idea

[28 July/ NZ Herald] Fonterra has put on hold plans to develop an Equity Partnership Trust that would have given its farmer suppliers access to investor capital to help purchase Fonterra shares when production is increased. Fonterra CFO, Lukas Paravicini said the proposal has been put on hold because UBS decided to end its advisor...

Crunch time draws near for co-op

[27 July/ NZ Herald] The severity of the downturn in the dairy industry will become clear early next month for Fonterra. From 5 August, the co-operative will begin its next round of consultations with staff in a bid to improve cash flows and efficiency. Two days later, the board will convene to discuss the farmgate...

Cool heads urged for Fonterra board elections

[27 July/ Business Day: NZ Farmer] New Fonterra Shareholders Council Chairman, Duncan Coull urged caution in the upcoming Fonterra director elections and said that they are not a popularity contest. Mr Coull said that while there is a feeling of distrust towards Fonterra, driven by the emotion of the low milk price, he suspected many...

BNZ tips dairy price recovery

[23 July/ NZ Herald] BNZ has lowered its 2015/16 milk price forecast for Fonterra to $3.80 per kilogram of milk solids from its previous forecast of $4.30. BNZ believed that while the lower New Zealand dollar provided broad support, prices will remain weak in the short term due to over-supply, with improvement being seen within...