Farm sales rise nearly 6pc in 2014

Farm sales rise nearly 6pc in 2014

[22 January/ Business Day: NZ Farmer] According to the Real Estate Institute figures, there were 486 farm sales in the three months to December, a 30 percent decline from the previous three months and a 12.3 percent decline from the previous year. Farm sales were 5.9 percent higher in 2014,...
Horse industry signs biosecurity agreement

Horse industry signs biosecurity agreement

[27 January/ Radio New Zealand Rural] Joining the kiwifruit, pipfruit and pork industries, the equine industry’s New Zealand Equine Health Association has signed a biosecurity agreement with the Government to work in a partnership with the Ministry for Primary Industries to manage and respond to disease threats. New Zealand Equine...
Price rise at diary auction

Price rise at diary auction

[21 January/ NZ Herald] The GlobalDairyTrade price index increased by one percent at January 21 auction on the previous sale two weeks ago. Wholemilk powder increased by 3.8 percent to USD 2,402 per tonne, but short of the USD 3,500 required to meet Fonterra Co-operative Group’s $4.70 per kilogram forecast....
Interest in irrigation share offer overflows

Interest in irrigation share offer overflows

[22 January/ Business Day: NZ Farmer] North Otago Irrigation Company CEO, Robyn Wells, said there has been strong demand for the shares it is issuing to fund its $53 million expansion. The company is issuing up to 7,969 shares with the right to irrigate their land from the scheme at...
Fiji joins New Zealand’s seasonal work scheme

Fiji joins New Zealand’s seasonal work scheme

[27 January/ Radio New Zealand Rural] Thirty Fijians will be arriving in New Zealand in February to work on orchards and vineyards under New Zealand’s Recognised Seasonal Employer scheme. The inclusion of Fiji in the scheme this year is only on a trial basis, but Horticulture New Zealand communications manager,...
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

Chinese firm wants third Taupo dairy farm for $22m

[22 January/ National Business Review] Chinese owned company, Hunan Dakang Pastoral Farming, entered a sale and purchase agreement with Fleming & Co to acquire a 1,235 hectare farm near Taupo for $22.75 million. Hunan Dakang is ultimately 55% controlled by Shanghai Pengxin. The agreement is conditional on Overseas Investment Office approval. Dakang Pastoral Farming is...

Dairy, lamb skid on oil slick

[26 January/ Business Day: NZ Farmer] Economists say that along with the drop in oil prices, the demand for dairy products will also decline, hindering the chances of a commodity dairy price recovery in the first part of 2015. New Zealand Institute of Economic Research principal economist, Shamubeel Eaqub said dairy product demand from oil...

MBIE report backs primary sector careers

[23 January/ Rural News Group] The Ministry of Business, Innovation & Employment report, the Occupation Outlook 2015 has projected an annual growth of agricultural scientists by 4.0 percent for 2013 to 2018 and 3.2 percent for 2018 to 2023. Job prospects for environmental scientists, food technicians and farm managers also received a high rating. The...

EU blacklists Sri Lanka over illegal fishing

[27 January/ NZ Herald] The European Union has blacklisted Sri Lanka and banned the import of fisheries products from Sri Lanka flagged vessels in to the European Union due to the country’s failure to address illegal fishing. The bloc stated that it will only accept stocks caught at sustainable levels and certified as legal by...

Costa Group in pursuit of $800m initial public offering

[22 January/ The Australian Financial Review] AFR.com has revealed that Australia’s largest fruit and vegetables grower and distributor, the Costa Group has decided on an initial public offering in the first half of 2015. It plans to raise between $300 million and $600 million for an enterprise value of between $800 million and $1 billion....

McCook hangs up his pest sword

[26 January/ NZ Farmers Weekly] OSPRI CEO, William McCook is to step down from his post, with his team having made a strong start to the target of eradicating tuberculosis from at least 2.5 million hectares of 10 million infected hectares by 2026, with the team being ahead of target by eradicating tuberculosis from 830,000...

MPI fee rises to recover costs

[26 January/ NZ Farmers Weekly] From July 1, the Ministry for Primary Industries is proposing to increase the fees for the cost recovery of biosecurity and food safety services by 12 percent and 20 percent respectively, in order to obtain a net revenue increase of $8.9 million in 2015-16, partially to correct deficits from under...

Dry summer halves contractors’ workloads

[26 January/ Radio New Zealand Rural] Rural contractors in Canterbury are estimated to have lost approximately half of their normal workload for the month of January due to grass not growing and hay and silage not being made. Rural Contractors New Zealand Canterbury spokesperson, Steve Murray said contractors in the south of the region are...

Three seek two Silver Fern Farms positions

[21 January/ Otago Daily Times] Manuka Gorge farmer and Silver Fern Farms chairman, Rob Hewett, former Meat Industry Action Group member and incumbent director, Herstall Ulrich and West Otago farmer, Fiona Hancox are standing for election to the Silver Fern Farms board, with voting papers to be posted on January 28 and voting to close...

Fonterra’s largest guaranteed milk price offer again under-subscribed

[26 January/ Business Day: NZ Farmer] Fonterra Co-operative Group’s guaranteed milk price for 20 million kilograms of milksolids was undersubscribed for a second time in a row, with the co-operative only receiving subscription offers for under 14.5 million kilograms of milksolids. The co-operative introduced the guaranteed price scheme in order to give its suppliers more...

European co-op to sell on GDT’s platform

[22 January/ NZ Herald] Fonterra Co-operative Group’s GlobalDairyTrade said that the northern European co-operative, Arla Foods Ingredients will offer food-grade lactose on its platform, with GlobalDairyTrade director, Paul Grave saying that Arla Food Ingredients will be offering a significant volume on the platform. He said the auction will set the market based benchmark price for...

Kono takes ownership of Chinese company

[22 January/ Marlborough Express] The food and beverage company, Kono New Zealand, has acquired full ownership of Pure New Zealand Greenshell Mussels Trading Co from its Chinese owners. Kono New Zealand CEO, Don Everitt said the move provides easier access to China. The acquisition would enable the company to trade other products such as Tohu...

Farmers want to tap Tekapo

[23 January/ Business Day: NZ Farmer] Federated Farmers’ national president, William Rolleston said the assumptions in an Environment Canterbury commissioned report by Engineering firm, URS New Zealand saying that taking water from Lake Tekapo to coastal areas would generate a net loss needs to be further examined before the proposal is dismissed. The report claimed...

Water restrictions becoming widespread

[23 January/ Radio New Zealand Rural] Councils around the country have enforced water restrictions on users, including Horizons Regional Council, which has implemented water restrictions for the Tararua, Manawatu and Whanganui catchments. Otago Regional Council was to issue a water shortage direction to three farms along the Taieri River between Paerau and Waipaita on January...

Commercial hemp crops could cure the munchies

[26 January/ NZ Farmers Weekly] A review scheduled for the end of January is to consider a change to the regulations governing the production of hemp seed. Cropping Industry leaders said a positive change would present an opportunity for diversification, with the prospect of new jobs and exports. In December, the Food Standards Australia New...

Zespri monitoring Chinese arrest ‘situation’

[22 January/ Business Day: NZ Farmer] Zespri spokeswoman, Rachel Lynch said the investigation at one of its Chinese importers, Dalian Yidu, where nine staff members have reportedly been arrested does not indicate any involvement with Zespri Kiwifruit. Ms Lynch said they were in constant contact with their personnel in China and are monitoring the situation...

Onion growers facing challenges

[21 January/ Radio New Zealand Rural] New Zealand Onion Growers spokesperson, Martin Tribe said growers in Pukekohe required warmer and drier weather to compensate for a unfavourable spring, but ran the risk of the size and yield of onion crops being affected if the current hot weather continues. He said the outcome of the difficult...

Turners and Growers forecasts higher profit

[21 January/ Business Day] Turners & Growers is expecting its pre-tax profit to increase by up to 20 percent on the previous year. The company said although the normalised trading results in the second half of 2014 have generally been in line with the prior year, the full 2014 result has been affected by a...

Chinese report NZ farms a bargain

[19 January/ Business Day: NZ Farmer] The financial accounts of Chinese owned Milk New Zealand Holdings which bought 13 dairy farms around Ashburton in a takeover of Synlait Farms in March 2014 indicate the company paid $41 million less than what the farms current value. While the takeover valued Synlait Farms equity at $90.7 million,...

Bank gears up for drought support

[16 January/ Rural News Group] Westpac is preparing to assist its South Canterbury and North Otago customers that have been most impacted from the drought like conditions. Westpac Head of Agribusiness, Mark Steed said they are aware of the water and feed challenges and costs that farmers are facing in some areas around of Timaru...

Meat companies left chewing on untapped Chinese potential

[20 January/ The National Business Review] According to a new Rabobank report, Bulls in a China Ship: How western companies can navigate China’s animal protein market, the most significant obstacle for western animal protein companies are high operating costs, a lack of understanding of local culture and a general inability to establish sufficient and sustainable...

Food prices push up in December

[15 January/ Business Day] Statistics New Zealand figures indicated that overall food prices increased 0.3 percent in December, following a 0.5 declined in November. Fruit and vegetable prices increased 1.4 percent, with meat, poultry and fish prices increasing 0.9 percent in December. Statistics New Zealand prices manager, Chris Pike said the increase in fruit, yoghurt...

Strong field for Dairy Woman of the Year

[16 January/ NZ Farmer] Dairy Women’s Network named the finalists for the Diary Woman of the Year award as Andrea Murphy (animal nutritionist), Wilma van Leeuwen (dairy director), Elaine Cook (Southland Demonstration Farm director) and Katie Milne (Federated Farmers West Coast president). The Fonterra Co-operative Group sponsored award includes a 12 month scholarship to an...

Farm Days to educate next generation

[14 January/ Rural News Group] Federated Farmers Manawatu-Rangitikei is launching a Farm Day programme to educate the next generation of potential recruits and the urban community. Federated Farmers Manawatu-Rangitikei provincial president, James Stewart said Manawatu-Whanganui has increased its agricultural GDP by 71 percent over the last five years. He in part attributes the gain to...