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....
Latest entries

Call to punish cruel farmers

[21 March/ Business Day] The Ministry for Primary Industries investigated 128 Canterbury farms in 2014, finding thousands of mistreated or neglected animals. Green Party Animal Welfare Spokeswoman, Mojo Mathers said the ministry needed to step up and come down hard on farmers who neglected animals. Ms Mathers believed the conflict between promoting the interests of...

Lights, camera and organic action for James Cameron

[21 March/ NZ Herald] Hollywood Director, James Cameron who campaigned for people to move to a plant based diet to help reduce carbon emissions, has opened a new organic food store at his Wairarapa farm. Food Forest Organics, caters for the plant based diet movement, with the store selling 95 percent organic produce, direct from...

Farming under debt scrutiny

[March 20/ Business Day: NZ Farmer] A Lincoln University study is to look into debt stress, allowing farmers to gain understanding of debt and the pressure of managing it. New Zealand dairy farmers are the most heavily indebted farmers and have the most expensive dairy land in the world, with estimates that 10 percent of...

$54m Southland dairy business up for sale

[18 March/ NZ Herald] Southern Sights Ltd Sole Shareholder, Kees Zeestraten has put the business up for sale for $54 million. The properties, which cover 1,207 hectares and produced 1.48 million kilograms of milk in 2013/14, are up for sale as a group or individually. Mr Zeestraten whose interests include Five Rivers Ltd, a company...

US agency approves genetically engineered potatoes, apples

[21 March/ NZ Herald] The Food and Drug Administration has approved genetically engineered potatoes and apples, as they are as safe and nutritious as their conventional counterparts. Okanagan Specialty Fruits Inc., the makers of the modified apples, are trying to make the fruit a more convenient snack by creating a non-browning version. The two first...

Italy spins silk again as worm turns on China

[20 March/ The Daily Telegraph] The Italian silk industry has announced plans to create 1,000 silk worn factories, in the next five or six years, following a sharp increase in the cost of Chinese silk. Approximately 100 businesses in the northern Veneto region have begun breeding silkworms following a rise in domestic demand. The increase...

Coconut oil ‘superfood’ flying off the shelves

[20 March/ The Daily Telegraph] Consumer demand for coconut oil in the United Kingdom, has rapidly increased. High street grocer, Whole Foods recorded its strongest month for coconut oil sales in February, selling six tonnes across several brands in the Britain. Whole Foods Buyer, Daniel Rodriguez said the market has at least doubled each year...

New-look Goodman Fielder to be Asia’s food champion

[18 March/ The Australian Financial Review] Following the completion of its AUD 1.3 billion takeover, new Goodman Fielder Chairman, Robin Nicholson plans to leverage the extensive distribution footprints of both Wilmar International and First Pacific, helping export Goodman Fielder’s market leading brands to Asia. Wilmar International is Asia’s largest agribusiness group while Hong Kong investment...

Global salmon farmers producing 14.8bn meals a year, says report

[18 March/ The Irish Times] A report published at the Seafood Expo North America Trade Show in Boston showed that Salmon farmers are producing 14.8 billion meals a year and employing 121,000 people. Total production for salmon farms, which occupy 262sq km of sea or .00008 percent of the world’s oceans, is valued at $10...

Federal officials plan to track every fish and crustacean shipped to U.S. ports

[16 March/ The Washington Post] The Obama administration is hoping to crack down on the illegal fishing black market, valued at USD 23 billion, by launching a new system that attempts to track every fish and crustacean shipped to American ports. The move comes after a Marine Policy report estimated that 85 percent of the...

Vietnam trade deals beefed up

[20 March/ NZ Herald] New Zealand and Vietnam aim to double trade to $2.2billion by 2020. The trade target was announced following an accord where both countries signed agreements on food safety and air services. Prime Minister, John Key said the accord, which included discussions of expanding links in the education and agriculture sectors, highlighted...

U.S and New Zealand take farm trade row to WTO

[19 March/ Agence France Presse] The United States and New Zealand have taken farm disputes with Indonesia to the World Trade Organisation. United States Trade Representative, Michael Froman said Indonesia’s wide-ranging import restrictions are unfair to farmers, and that the world’s fourth largest country is acting inconsistently with its World Trade Organisation obligations. United States...

Income and growth drive demand

[23 March/ Rural News] Purdue University professor of agricultural economics, Thomas Hertel told the Australian Agricultural and Resource Economics Society that income growth and not population growth in developing countries will drive food consumption demand. Mr Hertel stressed that the distribution of food was a main issue alongside preventing food loss, which stands at nearly...

Farm day attracts politicians

[23 March/ NZ Farmers Weekly] Prime Minister, John Key and Minister for Primary Industries, Nathan Guy are to attend the Future of Heartland agricultural forum at Te Mania Angus Stud next month. North Canterbury Farmer, Charles Wiffen said the aim of the event was to build relationships and raise government awareness of agricultural issues. Ways...

Well-heeled wool deal

[20 March/ Radio NZ Rural] A deal between New Zealand Merino Company and a Danish footwear firm will result in farming enterprise, Landcorp Farming and other New Zealand farmers receiving a premium price for wool. New Zealand Merino Company Marketing Manager, Gretchen Foster said the contract was worth about $1.5 million to growers and will...

Federated Farmers condemn breaches of animal welfare

[19 March/ Rural News] Federated Farmers stress that farmers and trucking operators must obey animal welfare rules following a picture of Jersey cows being transported led to attacks on farming practices and a complaint to the Ministry for Primary Industries. Federated Farmers Animal Welfare Spokesperson, Andrew Hoggard said that rules on welfare are shown in...

Green-lipped mussel bounty all ours

[22 March/ NZ Herald] The green-lipped mussel farming industry has greatly expanded in recent years, with exports hitting $181 million in 2013. However, production volumes vary with a problematic constraint being the reliance on wild-harvested spat to seed the farms. The harvested volumes vary with La Nina and El Nino climate cycles. A partnership between...

More work on case for AgResearch restructure

[19 March/ NZ Herald] Auditor-General, Lyn Provost has reported that in her view more work is needed to be done on the business case for the $100 million restructuring of the country’s largest Crown Research Institute, AgResearch. Ms Provost looked into the matter after receiving a complaint from Labour MPs about the handling of the...

‘Comments were misrepresented’

[20 March/ Rural News] Waikato Federated Farmers President, Chris Lewis said both the Green Party and Forest & Bird have misrepresented his comments asking for a moratorium on dairy conversions. Mr Lewis said he was asked to raise the subject with the Waikato Regional Council Chair, following a Federated Farmers provincial council meeting, suggesting reasons...

Deer ‘aphrodisiac’ left out of Korean Free Trade Agreement

[23 March/ Business Day] Deer velvet, which represents 15 percent of the export value of the New Zealand deer industry, has been excluded from the South Korea Free Trade Agreement. Up to 100 percent of deer velvet exports have gone to South Korea in the past, but the market has developed in other Asian nations,...

Firms numbers differ from MIE

[23 March/ NZ Farmers Weekly] Alliance Group Chairman, Murray Taggart said if the financial benefits, shown in the recently released Meat Industry Excellence report, were as favourable as claimed a merger deal would have occurred five years ago. Mr Taggart explained how both Alliance and Silver Fern Farms did the numbers a few years back...

Meat co-ops open to further merger discussions

[19 March/ Radio NZ Rural] Silver Fern Farms and Alliance Group remain open to discussing the restructure of the industry, following the Meat Industry Excellence report, which proposed gains of more than $400 million if the two co-operatives merged. Alliance Group Chairman, Murray Taggart said he wanted to see the detail of the report as...

Faint praise from industry for ‘meat Fonterra’

[18 March/ NZ Herald] Beef + Lamb New Zealand Chairman, James Parsons described the recent Meat Industry Excellence report, looking at reforming the red meat sector, as a constructive document but questioned if all the proposals benefits were real. The report which proposes a Fonterra-style structure to the red meat industry, government regulation limiting investment...

Dairy sector tipped to deal with EU boost

[24 March/ NZ Herald] DairyNZ Chief Executive, Tim Mackle believed the dairy industry, which is going through a rough patch of volatile prices and slacked Chinese demand, can weather the prospect of increased European production following the abolishment of European production quotas. Mr Mackle was also sceptical about Ireland’s ambition to raise output by 50...