Race is on for Korean trade deal

Race is on for Korean trade deal

[21 July/ NZ Farmers Weekly] The fourth round of trade talks on access to the South Korean market for key New Zealand agricultural products was abandoned due to irreconcilable differences between the parties. Sources indicate that the deal offered by South Korea was based on a trade deal it agreed...
Business leaders backs Greens’ $1 billion innovation and sustainability plan

Business leaders backs Greens’ $1 billion innovation and sustainability plan

[17 July/ National Business Review] BusinessNZ CEO, Phill O’Reilly said that he strongly supported the increased funding for science and technology proposed by the Green Party and highlighted its benefit to the economy. Mr O’Reilly said that the Green’s enhanced innovation and sustainability policy costing $1 billion, which includes the...
Healthy returns from lamb exports

Healthy returns from lamb exports

[18 July/ Otago Daily Times] Lamb exports exceeded $2 billion in the first nine months of 2013/14 meat export season. During the period to June 30, the average value of lamb exports was $8,320 per tonne free on board (up 15 percent from the same period last season). Beef +...
Sub-$6 milk solids price a looming possibility

Sub-$6 milk solids price a looming possibility

[17 July/ Otago Daily Times] Last Wednesday’s GlobalDairyTrade auction declined 8.9 percent on the previous event, with whole milk powder prices declining 10.9 percent, anhydrous milk fat declining 10 percent and skim milk powder declining 7.1 percent. ASB rural economist, Nathan Penny said that auction prices have declined approximately 33...
Dam saga heads to High Court

Dam saga heads to High Court

[18 July/ Radio New Zealand Rural] In June, the Board of Inquiry into the Ruataniwha water storage scheme confirmed that it would grant 17 resource consents to construct the scheme and associated irrigation works, as well as setting minimum flow levels and water quality measures for the Tukituki catchment. Environmental...
KPMG’s Agribusiness Agenda 2014 Volume 1 – Facilitating Growth in an Uncertain World

KPMG’s Agribusiness Agenda 2014 Volume 1 – Facilitating Growth in an Uncertain World

This year we bring you a fresh new format that distils the thoughts and ideas of our nation’s agribusiness leaders from a series of roundtables across the country.
Latest entries

Big drop in dairy farm sales

[21 July/ Business Day: NZ Farmer] Real Estate Institute of New Zealand figures indicate that the 544 farm sales over the three months to June were 3.5 percent down compared to May, and up almost 15 percent on the same period the previous year. There were over 1,900 farms sold over the year (up 27.4...

Ravensdown, ANZ step up to help

[17 July/ Radio New Zealand Rural] Ravensdown Fertiliser Co-operative is making a $20,000 donation to the Northland Rural Support Trust to aid the distribution of emergency feed and providing counselling and advisory services for farmers affected by the flooding, as well as providing a series of packages to support farmers. ANZ Bank is offering Northland...

Single farmers looking for love

[16 July/ Business Day: NZ Farmer] A new Facebook page, NZF Singles has been set up by Tyler Fifield to help rural singles find companionship by posting their photo and information for others to view. For those seeking a more casual relationship, a system named Second Chance Sunday has been set up where people are...

Farmers want action on interest rates

[21 July/ Radio New Zealand Rural] Federated Farmers’ latest confidence survey has indicated that farmers want the Reserve Bank and the Government to do more to control interest rate increases and reduce the exchange rate. The survey indicated that while beef farmers remain relatively optimistic, dairy farmer confidence has dropped due to falling prices. Federated...

Lincoln University rebuild green-lit

[17 July/ The National Business Review] Tertiary Education Minister, Steven Joyce said as part of a wider strategy to create a science research and teaching hub involving several Crown Research Institutes, Dairy NZ and Lincoln University, the Government is allocating $107.5 million to rebuild the Lincoln University science teaching and research facilities that were destroyed...

Parties outline agri policies at forum

[21 July/ NZ Farmers Weekly] The Labour Party said its proposed capital gains tax will lower the price of rural land. Highlighting the damage done to the agricultural industry by a rising OCR, Labour Party primary industries spokesman, Damien O’Connor said that its monetary policy of using retirement savings to manage the OCR would also...

China lifts Brazilian beef ban, posing a threat to Australian exports

[21 July/ ABC Rural] China announced that it will lift the ban on Brazilian beef importation, that was imposed after the discovering of a case of mad cow disease in 2012. However, during the ban, Brazil was able to export beef to Hong Kong, growing the Hong Kong trade to a value of $1.5 billion...

US-EU trade talks sour amid chlorine chicken fears

[19 July/ NZ Herald] The image of chlorine treated chickens and genetically modified food being imported in to the European Union from the US is hindering the signing of a free trade agreement between the US and the 28 European Union member countries. The European Union currently refuses the import of chlorine treated chicken as...

Drought-stricken California faces water restrictions

[16 July/ Financial Times] According to authorities, 80 percent of the State of California is experiencing ‘exceptional’ drought (the third most severe dry spell since record keeping commenced a century ago), resulting in the implementation of water usage restrictions. University of California, Davis, researchers estimated the cost from the drought at USD 2.2 billion, with...

Beef’s environmental costs far outweigh poultry, pork

[22 July/ Agence France Presse] Research reported in the Proceedings of the National Academy of Science outlined beef as the protein with the largest environmental impact, requiring 28 times more land than the average total needed to produce an equivalent amount of dairy, eggs, poultry or pork protein. Research conducted by Bard College in New...

Changing enviro rules challenge

[17 July/ Radio New Zealand Rural] Rabobank New Zealand’s research Director, Hayley Moynihan said that the biggest challenge to agriculture is maintaining a balance between protecting the environment and increasing production and contributing to economic growth. She said that there was a difference in New Zealand’s approach to that being taken in other countries that...

Shipping line consolidation tipped in wake of Maersk-Kotahi pact

[17 July/ National Business Review] In light of Maersk’s announcement that its Southern Star service will return to Port of Tauranga, First NZ Capital has increased its 12 month target price for Port of Tauranga shares from $16.30 from $16.50 and said that it expects to receive an extra 70,000 twenty foot equivalent unit containers...

Extra rural medical student allocation

[17 July/ Rural News Group] New Zealand Rural General Practice Network deputy chairperson, Sharon Hansen said that the fact that 17 of the 34 new medical places in 2015 are targeted at those wanting to work in rural New Zealand focuses on the current issues around training, recruiting and retaining doctors in rural communities. She...

TPG’s chooks fly the coop

[19 July/ The Australian] Private equity giant TPG is expected to benefit from its Inghams Enterprises unit’s sale of its New Zealand properties for AUD 57 million as well as an expected to sale to US property giant, Carey, of its Australian properties. Less than a year after acquiring Ingams Enterprises operating business and property...

Bank predicts meat industry revival

[22 July/ Radio New Zealand Rural] ANZ’s Privately Owned Business Barometer Survey of almost 800 farmers indicated that farmers were planning on increasing investment in their farms to increase production to meet the rising global demand for protein. ANZ Commercial and Agri Managing Director, Graham Turley said that the survey indicated farmers’ intention to invest...

China approves a2 Milk Company product

[22 July/ Business Day: NZ Farmer] The a2 Milk Company said that it has received approval from Chinese regulatory agencies to resume exports of the a2 Platinum branded infant formula to China. The company’s a2 Platinum infant-formula processing and manufacturing partner, Synlait Milk’s interim contract provider, Auckland based New Zealand New Milk Ltd also received...

Danone regroups after Fonterra win

[19 July/ NZ Herald] The New Zealand High Court has stayed Danone’s proceedings against Fonterra in New Zealand over the botulism scare stating that the arbitration seated in Singapore should take place first. Fonterra had argued that the New Zealand proceedings were an attempt to transcend the liability cap in the parties’ supply agreement (which...

Fonterra hails end of EU quotas

[18 July/ NZ Herald] Fonterra Co-operative Group expects European Union dairy production to increase by 1.5 to 2 percent per annum over time, as a result of the abolition of the European Union’s diary quotas in April 2015. The Co-operative’s CFO, Lukas Paravicini said that in line with its support for free trade, it supported...

Fonterra shareholders re-elect chairman

[18 July/ Business Day: NZ Farmer] Fonterra shareholders have re-elected Ian Brown as the Group’s chairman for the third term in a row. The position of deputy chair will be taken on by Duncan Coull on July 29 for a term of one year, replacing the current chair Philip Palmer, who is stepping down from...

Some growers more equal than others’ at Zespri AGM

[18 July/ National Business Review] Although Zespri has 120.7 million shares, the shareholding voting cap for its annual general meeting on 23 July will be 84.9 million. Zespri senior communications advisor, Rachel Lynch said that vote capping is based on the lesser of either the total amount of shares held or an average of the...

Govt triggers relief for Northland farmers

[15 July/ NZ Farmer] The Primary Industries Minister, Nathan Guy has activated a relief programme for Northland farmers by declaring the flooding in the region as a medium-scale adverse event. The declaration means that the farmers in the region are eligible for measures including tax relief, social welfare payments, mentoring and other support. The Civil...

Landcorp’s huge dairy plans start to take shape

[15 July/ NZ Farmer] Nine farms covering 5,300 hectares that have been converted to dairy from forestry in partnership with landowner, Wairakei Pastoral are expected to commence milking in the new season as part of Landcorp’s large-scale dairy development near Taupo. Landcorp CEO, Steven Carden said that the project with 24 farms and approximately 30,000...

Farmers hit hard by power cuts – trust

[10 July/ Radio New Zealand Rural] Northland Rural Support Trust co-ordinator, Julie Jonker said that the lack of power from the storm which affected Northland has impacted farmers that are milking. She also mentioned that the power cuts have meant that electric fencing will be ineffective in protecting feed cover from stock. Hukerenui farmer, Evan...

Unclear future for TPP as negotiators ignore Obama’s deadline in Canada

[14 July/ National Business Review] The Trans Pacific Partnership negotiations ended the Ottawa round of talks without a conclusion to the agreement, with US President Barack Obama’s arbitrary deadline now unlikely to be met. There was no confirmed date set for the next round of talks. Japan’s negotiator, Koji Tsuruoka said that each country felt...