KPMG Agribusiness Agenda Vol 2 – Exploring our Global Future

KPMG Agribusiness Agenda Vol 2 – Exploring our Global Future

This volume focuses on 14 global mega-trends that are driving the future development of society and considers how these impact food production around the world. The insights and recommendations as to how New Zealand’s companies can respond are relevant, not just to the primary industry sector but across the board....
G20 Summit: Free trade agreement with Korea

G20 Summit: Free trade agreement with Korea

[16 November/ NZ Herald] New Zealand’s free trade agreement with South Korea will result in tariff cuts on almost half of exports to the country, saving approximately $65 million off tariffs immediately, with most other tariffs on exports phased out over the next 15 years. However New Zealand was not...
Air NZ pullout big blow – rural GP

Air NZ pullout big blow – rural GP

[13 November/ Radio New Zealand] New Zealand Rural General Practice Network chairman, Jo Scott-Jones said the Air New Zealand’s move to cease servicing Kaitaia, Westport and Whakatane will make it even harder to encourage doctors to commit to rural appointments. Dr Scott-Jones called on the Government to continue its support...
Fonterra payout in spotlight

Fonterra payout in spotlight

[13 November/ NZ Herald] Fonterra Co-operative Group shareholders expressed concerns over this season’s milk payout, the co-operative’s forecasting and the method of setting the milk price at the company’s AGM. Despite dairy prices on the GlobalDairyTrade auction having stabilised recently, Fonterra CEO, Theo Spierings highlighted the difficulties in forecasting, given...
Top horticulturist excited about future [14 November/ Radio New Zealand]

Top horticulturist excited about future [14 November/ Radio New Zealand]

Co-owner of a kiwifruit and avocado operation in Maungatapere, Patrick Malley, has been named the Young Horticulturist of the Year. Mr Malley also won the AGMARDT Market Innovation award for the traceability technology he developed for kiwifruit. He highlighted its applicability to both fruit and vegetables, as well as other...
Latest entries

Meridian wind farm land on the market

[14 November/ NZ Herald] Meridian Energy spokeswoman, Michelle Brooker said that it has put its Paerau and Mosgiel properties acquired for a controversial proposed $2 billion wind farm for sale. The 1,876 hectare Logan Burn Station has a current rateable value of $6.6 million. Responding to questions about the proposed wind farm project, Project Hayes,...

Farmers face damaged crops after hailstorm

[13 November/ NZ Farmer] The unexpected hail storm in Canterbury, and particularly Methven has left some farmers with the prospect of damaged crops, with the exact damage yet to be ascertained. United Wheat Growers chairman, Jim Sim said that although he was not aware of any damage yet, he had heard reports of thick sludgy...

Seafood industry feels deprived in Korea deal

[18 November/ Radio New Zealand Rural] Seafood New Zealand CEO, Tim Pankhurst expressed his disappointment at the lack of comprehensive inclusion of one of New Zealand’s largest exports to South Korea in the free trade agreement with the country, while saying that the main disappointment is the failure to remove the current 22 percent tariff...

Primary sector not on track for targets

[17 November/ Radio New Zealand Rural] The Ministry for Primary Industries is forecasting export values from agriculture and horticulture, fisheries and forestry to grow to $40.7 billion by 2018. The Ministry said the goal to reach $64 billion by 2025 would require an average yearly increase of approximately 5.5 percent in real terms. Primary Industries...

Cut fees for Ag degrees

[18 November/ Rural News Group] ANZ chief economist, Cameron Bagrie highlighted the importance of attracting people into the agribusiness sector, and mentioned the need for more talent in the kiwifruit industry (which is soon to be producing 30 million more trays) as an example. He also mentioned the comparatively higher earning potential and the shift...

Have a peek at primary sector

[13 November/ Rural News Group] An Open Day at Lincoln University Dairy Farm organised by South Island Dairying Development Centre and the Fonterra Co-operative Group is aiming to provide a view on broader aspects of sustainable food production, as well as providing a wider understanding of the primary sector. The event will include nine outdoor...

Food crisis boon to shape this century

[14 November/ NZ Farmers Weekly] Global industry leaders and farmers attended the Rabobank F20 summit to help contribute to the global food security challenge ahead of the G20 leaders’ summit in Brisbane, where Rabobank executive board member, Barry Marttin highlighted the need to double food production by 2050, but with half of the resources. He...

Why the future of food can’t become a hostage of history

[14 November/ The National Business Review] Rabobank’s F20 conference in Sydney which was targeted at bringing together the international food and agribusiness community to contribute solutions to the global food security challenge ahead of the G20 Leaders Summit in Brisbane concluded successfully, with the need for strengthening the security, consistency and sustainability of the global...

Aussies claim they have better China FTA

[17 November/ NZ Herald] Australia and China are to sign a declaration of intent on a free trade agreement, which the Australian Government sources say secures better access for dairy exports than New Zealand’s agreement. According to the ABC, Australia only expects to have tariffs on dairy exports on whole milk powder, in comparison to...

Bird flu confirmed at Dutch, UK farms

[17 November/ NZ Herald] The Dutch Government banned the movement of poultry, eggs and other by-products for 72 hours throughout the country on November 16 after confirming an outbreak of bird flu at a chicken farm in Hekendorp, with the Ministry for Economic Affairs saying that the outbreak is deadly to poultry and can be...

Rinehart eyes China baby-food market

[15 November/ NZ Herald] Australian billionaire, Gina Rinehart is planning an AUD 500 million investment to supply infant formula to a Chinese market expected to almost double over three years, through Hope Dairies, which is targeting the acquisition of approximately 5,000 hectares of farmland in the South Burnett region in Queensland and a processing facility...

India, U.S. Research Agreement on food stockpiling, clearing way for WTO deal

[13 November/ Dow Jones Newswire Chinese] Indian Commerce Minister, Nirmala Sitharaman said that as the United States has agreed to give it more freedom to subsidise and stockpile food, allowing India to ratify an important World Trade Organization agreement aimed at facilitating trade. Ms Sitharaman said that the World Trade Organization General Council will examine...

Monsanto to pay Pacific Northwest wheat farmers

[13 November/ NZ Herald] Seed giant, Monsanto Co stated that it will pay almost $2.4 million to settle a dispute with farmers in the Pacific Northwest over genetically modified wheat. Agricultural Department officials said the genetically modified wheat found in Oregon was the same strain as that tested by Monsanto a decade earlier, but genetically...

EU nations could get power to block GMA crops

[12 November/ NZ Herald] On November 11, European lawmakers voted to allow European Union member states to ban the cultivation of genetically modified crops in its territories, regardless of it being approved by the 28 nation bloc. The vote is yet to be ratified by the bloc’s executive, the European Commission and national governments.

Obama, Xi seek to downplay persistent tensions

[12 November/ NZ Herald] United States President, Barack Obama and Chinese President, Xi Jinping revealed an array of agreements between the countries, including climate change and trade. Both presidents commented on their joint commitment to cut greenhouse gases. President Xi said that China was open to United States involvement in endeavours such as the Asian...

Farmer must pay $152,000 over worker’s death

[14 November/ NZ Farmer] Southland farmer, Frederick McCullough has been ordered to pay $100,000 in reparation and fined $52,000 over the death of a worker on his Orepuki farm in August, under the Health and Safety in Employment Act for failing to take all practicable steps to ensure the safety of an employee at work....

John Key defends dairy industry’s climate change record

[16 November/ NZ Herald] In the wake of a landmark agreement between the world’s two biggest polluting nations, the United States and China, Prime Minister, John Key dismissed claims that the dairy industry was not playing its part in reducing greenhouse gas emissions. Mr Key outlined that the farmers had no control of the methane...

$18m payday for Rural Women NZ in sale to Green Cross Health

[17 November/ The National Business Review] Green Cross Health (formally PharmacyBrands) has agreed to acquire the not-for-profit home healthcare service, Access Homehealth from Rural Women New Zealand, which is to gain representation on the Green Cross board as part of the deal. Access Homehealth said it has annual sales of approximately $85 million and employs...

Reform group to endorse one candidate

[18 November/ Radio New Zealand Rural] Meat Industry Excellence chairman, John McCarthy said it would support one of the founding group members, Fiona Hancox in the elections for Silver Fern Farms directorship. He said that the group decided not to endorse another candidate as it believes that Silver Fern Farms is making progress under the...

Alliance appoints Stoddart to board

[18 November/ Otago Daily Times] The Alliance Group has appointed businesswoman, Vanessa Stoddart as its third independent director. Ms Stoddart has held senior management positions at the likes of Air New Zealand and Carter Holt Harvey. She also holds independent directorships at The Warehouse Group, Paymark and New Zealand Refining Company. Alliance Group chairman, Murray...

Report on meat industry reform now due next year

[13 November/ Otago Daily Times] A Meat Industry Excellence report supporting options for industry reform has been delayed from its original expected release of October 2014 to a likely release during the first quarter of 2015, with chairman, John McCarthy attributing the delay to contractual issues that needed to be addressed early on. He also...

Parker warns against ignoring RB

[13 November/ Radio New Zealand] Labour Party leadership candidate, David Parker, commenting on the Central Bank Governor, Graeme Wheeler’s statement that diary debt is approximately $33 billion with approximately half owed by 10 percent of farmers, said that the Reserve Bank’s warning for the New Zealand economy from declining dairy prices and increasing farmer debt...

Wool growers offered supply contracts

[14 November/ Business Day] Wools of New Zealand will offer contracts to growers in return for a commitment to supply a specified amount of wool, with growers who join the Staple programme and supply the average shareholder production of 24,000 kilograms receiving a rebate of $1,005 for the commitment. Wools of New Zealand CEO, Ross...

Demand from Chian helps lift wool prices [10 November/ NZ Farmer]

New Zealand Wool Services International marketing executive, Malcolm Ching said overseas market demand, rather than the easing of the New Zealand dollar, had the biggest impact on this season’s wool prices. The coarse crossbred indicator, representing 70 percent of the New Zealand clip commenced at $5.12 per kilogram clean (up from $4.68 per kilogram last...