Silver Fern Farms forecasts positive result for the year

July 25, 2015

A note to shareholders last week updated the company’s position after 9 months and predicted a substantial improvement on last year. Gains have occurred across the board with sales up 8.6% or $150 million, debt $100 million lower and improved inventory turnover. Read the rest of this entry »

Efforts continue to get to the bottom of NAIT puzzle

July 15, 2015

The saga continues, as my Warkworth friend attempts to find out how NAIT intends to ensure correct reconciliation of livestock records, but as yet without a totally satisfactory answer. After further contact, NAIT’s acting Group Manager Sam McIvor replied with answers to the main points raised and I understand the conversation will continue, as both parties try to convince the other of their respective point of view. Read the rest of this entry »

Longer season and drought affect Silver Ferns’ banking headroom

July 3, 2015

Silver Fern Farms have been forced to take what CEO Dean Hamilton calls a prudent approach to livestock procurement. This is code for being hard up against the company’s banking facility, directly as a result of greater livestock availability. A longer season in the North Island and pressure from drought in North Canterbury are responsible for this situation. Read the rest of this entry »

Trade agreements are tricky animals

June 27, 2015

There’s a lot of activity going on with trade negotiations at the moment, but not much certainty about outcomes.

 

Ranging from the TPP, the grandfather of them all from New Zealand’s point of view, to the murky negotiations with the Gulf Cooperation Council, the only deal signed off this year is the long awaited FTA with South Korea. Read the rest of this entry »

Saudi sheep farming venture a dog’s breakfast

June 22, 2015

It’s hard to imagine what on earth the government was thinking when it agreed to buy off a Saudi Arabian businessman Hmood al-Ali al-Khalaf to the tune of $11 million because it hoped he would stop objecting to a Gulf States Free Trade Agreement. Read the rest of this entry »

Agribusiness Agenda poses challenges

June 13, 2015

KPMG’s Agribusiness Agenda for 2015 is a comprehensive analysis of the challenges faced by New Zealand agriculture in meeting the government’s target of doubling exports by 2025. In the light of dramatically falling dairy prices with little sign of recovery, what was always a big ask has suddenly become a whole lot harder. Read the rest of this entry »

Red meat prices forty years ago

May 29, 2015

We could be forgiven for thinking nothing has changed in the last forty years with regard to meat schedule setting, if not actual price levels. But an address to the Ruakura Farmers Conference in 1975 by then chairman of the New Zealand meat Producers Board, Charles Hilgendorff, gives an interesting perspective on the industry at that time. Read the rest of this entry »

MPI risks loss of focus on food safety and biosecurity

May 26, 2015

Most people would almost certainly see the primary role of Ministry for Primary Industries as the protection of New Zealand’s biosecurity, food safety and primary production. The creation of MPI was designed to meet a number of objectives, one of which, probably the most important, must surely have been to ensure a world class agency to deliver this priority. Read the rest of this entry »

Surveyor believes in power of cooperative model, but says it’s up to farmers

May 26, 2015

Four months into his new job as CEO of Alliance, David Surveyor is really loving the challenge of heading a global business which is so crucial to farmers, consumers and New Zealand as a whole. He has always been interested in the agrifood space, as he terms it, and enjoys getting to know New Zealand through its agricultural producers. Read the rest of this entry »

Unlikely lower dairy payout will lead to immediate land use change

May 2, 2015

Previous downturns or relative changes in sector profitability have generally led to a change of land use; and because sheep farming was the predominant 20th century rural activity, land use change was usually to a form of farming other than sheep. Read the rest of this entry »


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