Nick Smith denies bullying Fish and Game

Nick Smith denies bullying Fish and Game

[28 July/ Stuff Politics] The Conservation Minister, Nick Smith said that he was contemplating taking legal action against Association of Freshwater Anglers president, David Haynes, who accused Mr Smith of political interference. The allegations were based around a series of billboards that called for greater protections to maintain clean rivers...
Pork industry signs biosecurity deal

Pork industry signs biosecurity deal

[23 July/ Radio New Zealand Rural] The pork industry signed a new biosecurity agreement with the Government, where the industry shares the cost of biosecurity and in return obtains a larger influence on how the Ministry for Primary Industries conducts biosecurity relating to the sector. New Zealand Pork chairman, Ian...
Fonterra cuts milk payout

Fonterra cuts milk payout

[29 July/ Business Day] Fonterra has cut its new season forecast to $6 per kilogram milk solids with the dividend expected to be 20 to 25 cents per share. Fonterra expect the milk supply to increase in the coming season resulting in an estimated milk payout to farmers of $9.7...
Sealord appoints new CEO

Sealord appoints new CEO

[24 July/ National Business Review] Current McCain Foods Australia CEO, Steve Yung will be taking over from Graham Stuart as the new Chief Executive Officer of Sealord, effective August 25. Sealord Group chairman, Matanuku Mahuika highlighted Mr Yung’s extensive experience in the multi-national food manufacturing industry. According to a Sealord...
Scales shares edge lower on debut

Scales shares edge lower on debut

[25 July/ NZ Herald] The fruit marketer, Scales Corporation’s share price has declined to $1.59, from its July 25 initial public offering price of $1.60, which valued the firm at $224 million. The current investors, private equity company, Direct Capital Investments, the New Zealand Superannuation Fund and Accident Compensation Corporation...
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

Ngai Tahu denied giant dairy farm

[23 July/ National Business Review] Ngai Tahu has been unable to obtain resource consent to farm 23,000 dairy cows in North Canterbury, with the resource consent panel of Environment Canterbury saying that the conversion of 7,000 hectares of forestry land next to the Hurunui River poses the risk of unacceptable adverse effects. The new water...

Farmer relief at interest rate signal

[25 July/ Radio New Zealand Rural] The Reserve Bank raised the Official Cash Rate to 3.5 percent on July 24, with an indication by Governor Graeme Wheeler that further increases were on hold for the current time. Federated Farmers President, William Rolleston said that although the increase was detrimental, the strong signal by the Reserve...

Tyson to sell Mexico, Brazil poultry operations

[29 July/ NZ Herald] Meat processor, Tyson Foods Inc said that it will be selling its poultry business in Mexico and Brazil for $575 million to JBS, in order to reduce its debt from the recently announced acquisition of Hillshire Brands, saying that the businesses it will sell do not impact on its plans to...

Shanghai water fight marks new Gold release

[25 July/ Rural News Group] Over 1,000 people took part in a Zespri ‘Juicy Water Fight’ in Shanghai as part of Zespri’s launch of SunGold Kiwifruit in China. Zespri China country manager, Lewis Pan said that the Zespri Juicy Water Fight reinforced the Chinese consumers’ engagement with the Zespri brand, highlighting its reputation as a...

Food sets the table for Asian Alliance: Thailand’s CP Group, Japan’s Itochu reach $1.9 billion agreement

[24 July/ The Wall Street Journal Online] Thailand’s Charoen Pokphand Group is to buy a 4.9 percent stake in Japan’s Itochu Corporation (for approximately USD 1 billion), while Itochu Corporation is to purchase a 25 percent stake of Hong Kong listed CP Pokphand Co, a unit of CP Group (for approximately USD 854 million) with...

White House to begin $10 billion farm investment fund

[24 July/ The New York Times] The White House Rural Council is to announce its plan to commence a USD 10 billion investment fund, the Rural Infrastructure Opportunity Fund, that will give pension funds and large investors the opportunity to invest in agricultural projects, including wastewater systems, energy products and infrastructure development in rural America....

China probes food businesses: Hong Kong bans imports in meat safety scare

[24 July/ Reuters] Hong Kong said that it has suspended all imports from the US OSI Group owned Chinese supplier Shanghai Husi Food, which supplies to foreign fast-food brands (including KFC, McDonald’s Corporation and Starbucks Corporation), based on allegations is has supplied out-of-date meat. The Shanghai Municipal Food and Drug Administration said that it has...

WH aims to raise $2b in scaled-down public float

[23 July/ China Daily] A source with direct knowledge said that the Chinese pork producer, WH Group Ltd is planning to raise USD 2.05 billion in a scaled down Hong Kong initial public offering, with a fixed share price of HKD 6.20 (valuing the company at 11.5 times the estimated 2014 earnings), which is less...

Corn crash: glut hits prices

[22 July/ The Globe and Mail] The anticipated record corn crop in the US is resulting in dramatic drop in prices, with farmers attempting to forward sell as much of their crops as possible. Some farmers expect to hold some of the crop in anticipation of better market conditions in the future. Prices for corn...

Fears many AgResearch staff leaving

[25 July/ Radio New Zealand Rural] Labour MP for Dunedin North, David Clark said that he believes AgResearch has lost over 10 percent of its workforce since the announcement of its controversial Future Footprint restructuring plans, and said that the percentage could be as high as 20. He highlighted that based on feedback he has...

Genetics company trades off profit for R&D investment

[25 July/ National Business Review] Livestock Improvement Corporation’s revenue increased 6 percent to $211 million to the year to May 31, but profits declined 24 percent to $18 million, with dividends reducing by 33 percent to $11.17 million as the co-operative invested heavily in its information systems and research and development. LIC chairman, Murray King...

MIE business plan a road to reform

[29 July/ Otago Daily Times] The Meat Industry Excellence Group said that it will provide farmers with a business plan for the reform of the red meat sector. The group has received $219,000 of funding from Beef + Lamb New Zealand to facilitate reform in the industry. Beef + Lamb New Zealand chairman, James Parsons...

Sainsbury’s fund lamb R&D

[27 July/ Business Day: NZ Farmer] Dunedin based Techion Group has received research and development funding from UK supermarket giant Sainsbury’s, instigated by the supermarket’s concerns over sustainable and safe lamb supplies. The funding (understood to be approximately GBP 200,000) will be allocated to further developing Techion’s new cloud based sheep parasite diagnosing system, FecPakG2....

Alliance group CEO stepping down

[25 July/ Rural News Group] The Alliance Group CEO, Grant Cuff will be stepping down from the position in December 2014. Alliance Group chairman, Murray Taggart said that the group is in a strong position to continue moving forward and praised Mr Cuff for his leadership and commitment to overcome the challenges in the industry...

UK farmers told to stop bleating about NZ lamb

[24 July/ Business Day: NZ Farmer] Federated Farmers Meat and Fibre spokesman, Rick Powdrell criticised Britain’s National Farmers Union for complaining about top New Zealand lamb cuts selling for more than $10 per kilogram less in the UK than they are selling for in New Zealand rather than focusing on addressing the drop in consumption...

Don’t write off dairying, MyFarm says

[25 July/ Radio New Zealand Rural] Although the average whole milk powder price at the GlobalDairyTrade auctions has declined 28 percent since February and there is speculation that Fonterra will drop the forecast $7 per kilogram of milksolids price, MyFarm executive director, Andrew Watters said that a pessimistic view of dairy farming is premature. He...

Fonterra signals Canpac job cuts

[24 July/ NZ Herald] Fonterra’s second largest packager of milk powders, the Canpac operation in Hamilton is contemplating laying off up to 110 of its 330 employees, partly in response to last year’s botulism scare and the tightened quality control conditions imposed by China, with plans to have the plant running 24 hours, five days...

Protecting dolphins ‘small price to pay’

[28 July/ Stuff Politics] Over 50 percent of the 1,000 New Zealanders questioned in an independent survey conducted by Australian sustainable economics firm, Economists at Large said that they would be happy to pay a tax to save the severely threatened Maui’s and Hector’s dolphins, with most participants saying that an annual tax between $1...

Farmers make energy and water savings

[28 July/ Business Day: NZ Farmer] Twelve farmers who took part in a pilot project targeted at implementing energy efficient measures to their irrigation systems, run by the Energy Efficiency and Conservation Authority and Irrigation New Zealand identified average savings of $7,444 per year on electricity, with a payback period of 3.5 years on a...

Forestry workers condemn road delays

[24 July/ Radio New Zealand Rural] Logging operators affected by Northland’s storm have said that although farmers affected by the flood are receiving support, with many of the smaller roads in the Far North barely usable following the Northland’s storm, trucks and forestry contractors are left unable to get into fell trees or move the...

Report focuses on health of bee population

[29 July/ Radio New Zealand Rural] A report by the Primary Production Select Committee is expected to support industry efforts to conduct a national bee population survey to establish a clearer indication of the status of bee colonies in New Zealand. The report will also address the link between Colony Collapse Disorder overseas and the...

Bad weather renders seeds worthless

[24 July/ Business Day: NZ Farmer] Federated Farmers Grain and Seed industry group vice-chairman, David Clark said that the bad weather had a severe impact on the quality and germination percentage of carrot and radish seed crops. While some farmers were aware that their seed crops did not meet the required standard, others were in...

NZ Winegrowers stunned by criticism

[28 July/ Radio New Zealand Rural] Australian wine icon Wolf Blass said wine companies from New Zealand had claimed approximately $25 million in rebates through Australia’s Wine Equalisation Tax scheme which was designed to promote Australian wines. New Zealand Winegrowers CEO, Philip Gregan said that the rebate is a result of the Closer Economic Relations...

NZ wine favoured by British

[25 July/ Business Day: NZ Farmer] Nielsen figures indicate that New Zealand has surpassed Australia to become the number two country of origin in Britain for wine sold for over $13.85 (GBP7.00), with New Zealand wines constituting 18 percent of all wines sold in the premium price segment in Britain, while Australia holds a 16.7...