KPMG Agribusiness Agenda 2018, We need to tell you our stories – LAUNCHES TODAY

KPMG Agribusiness Agenda 2018, We need to tell you our stories – LAUNCHES TODAY

Biosecurity incursions, environmental challenges, water quality, labour availability, trade wars and inadequate rural infrastructure all feature prominently in the ninth KPMG Agribusiness Agenda, which is released at the National Fieldays at Mystery Creek. KPMG’s Global Head of Agribusiness, Ian Proudfoot, said “the last year has not played out how industry...
Record spend predicted for New Zealand National Fieldays 2018

Record spend predicted for New Zealand National Fieldays 2018

[10 June/Stuff] Forecast milk payouts and high commodity prices meant spending could be up 10 percent on last year. Waikato University Economics Professor, Framk Scrimgeour, said Fieldays 2017 recorded peak attendance after some lean years in the dairy sector, and the economic impact was a record. He expected another large...
Beef + Lamb’s new environmental strategy earns high praise

Beef + Lamb’s new environmental strategy earns high praise

[7 June/Rural News] Minister for the Environment, David Parker, praised Beef + Lamb NZ’s new environmental strategy. He said it was what the public wanted as they didn’t want things to be getting worse over time. Beef + Lamb NZ unveiled its plan to lift the environmental performance of NZ’s...
Economists concerned by risk of mycoplasma bovis

Economists concerned by risk of mycoplasma bovis

[7 June/The Country] According to economists, economic risks associated with Mycoplasma bovis were rising. Last week, the eradication attempt was announced at a cost of $886 million, and the slaughter of 126,000 cattle. BNZ Senior Economist, Doug Steel, said there was more to it than just the initial impact on...
Farmers welcome further greenhouse gas discussions

Farmers welcome further greenhouse gas discussions

[8 June/Radio NZ] Federated Farmers saw the silver lining in the Government’s latest climate change proposals related to the Zero Carbon Bill which aimed to achieve carbon neutrality by 2050. Of the three alternatives, two give a softer run to livestock-sourced methane than to carbon dioxide which could give farmers...
Shearers push for 25 per cent pay hike, as farmers struggle to make earning from wool

Shearers push for 25 per cent pay hike, as farmers struggle to make earning from wool

[8 June/Stuff] Shearers are seeking a 25 percent pay rise in anticipation of another crisis. More shearers are having to travel to Australia to make a good living, and the workforce is steadily aging. The New Zealand Shearers Contractors Association recommended workers’ pay and entitlements are improved by up to...
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Solution for M bovis goes down to wire, expected to cost $1b

[25 May/Radio NZ] Regardless of the chosen solution, Mycoplasma bovis is expected to cost around $1 billion. Industry leaders have been discussing issues with the government which would form the basis of the paper that would go to Cabinet. Federated Farmers President, Katie Milne, said they were nearing consensus around what to do with the...

Infected farm’s use of distant vet concerns

[25 May/Rural Life] The New Zealand Veterinary Association expressed concern over the use of distance veterinary services in light of news the farm at the centre of the Mycoplasma bovis outbreak was using a vet clinic 1,600km away. Vets on Waiheke Manager, Stephen Gilmore, confirmed they were the vets responsible for the Zeestraten herd. NZVA...

Cannabis companies to put themselves in ‘best light’ at inaugural summit

[21 May/Stuff] Business people hoped to make profits from a legal home grown cannabis industry. iHemp Summit Chairman, Richard Barge, said two parliamentary bills to allow the use of medicinal cannabis and the sale of hemp-based food made it the right time to hold the summit. Submissions on the Misuse of Drugs Amendment Bill closed...

New Zealand needs a food integrity story

[28 May/Farmers Weekly] According to agricultural trade envoy, Mike Petersen, New Zealand has a role to play in helping other countries with food security, business futures and innovation. He added food security was a real issue for many countries, but as we have an abundance of food in New Zealand and we don’t take security...

‘Unrealistic’ to expect EU to ditch all agricultural tariffs, business body warns

[23 May/Stuff] The New Zealand Europe Business Council said a free-trade deal between the EU and New Zealand could boost exports by $2 billion a year and save New Zealanders hundreds of millions of dollars a year in cheaper imports. Its president, Franck Olssen, forecasted an agreement could be produced in two years. He noted...

Fishing giants under-reported hoki catch by ‘thousands of tonnes’

[24 May/Stuff] According to Fisheries Minister, Stuart Nash, fisheries companies have historically behaved badly but the reports of under-reported hoki catches several years ago was not grounds for an independent inquiry. Greenpeace Executive Director, Russel Norman, said that MPI had been captured by the fishing industry and he was not convinced anything had changed since...

Fonterra approaches farmers to switch from Westland Milk Products

[25 May/The Country] Fonterra has approached Westland Milk Products suppliers to switch loyalties with the promise of better returns. Federated Farmers President for the region, Peter Langford, said it was known that Westland suppliers had been talking to Fonterra as it tried to secure supply on the West Coast. He expected some suppliers would switch...

S&P: Fonterra’s credit rating ok, for now

[25 May/NZ Herald] S&P Global said Fonterra’s credit rating had not been affected by the co-operative’s recent earnings downgrade. Fonterra increased the farm gate milk price from $6.55/kg to $6.75/kg per kilo of milk solids for the 2017/18 season and noted that it expected to be outside the target end of year gearing range. The...

Bounty Fresh launches Tegel takeover with minimum target already achieved

[29 May/NZ Herald] Bounty Fresh Foods has sent the offer document for its takeover bid for Tegel to the company. It is offering $1.23 per share. The offer is conditional on Bounty holding at least 50 percent of Tegel’s voting rights and Overseas Investment Office approval. Claris Investments had agreed to accept the offer meaning...

Zespri reports strong year despite lower volumes

[23 May/Radio NZ] Zespri reported an earnings increase for the 2017-18 season despite kiwifruit volume falling 11 percent. Production volumes suffered from the cloudy summer.  Zespri Chairman, Peter McBride, said the increased value of kiwifruit sales reflected strong consumer demand and good market performance. He added they sold a record volume of SunGold while growing...

MPI will face ‘don’t give a damn’ attitude on M. Bovis, farmer says

[28 May/NZ Herald] The Ministry for Primary Industries will get a don’t give a damn attitude from some farmers as it attempts to eradicate Mycoplasma bovis according to a Southland farmer, following the Government’s announcement of an eradication strategy. Lumsden Farmer, Ben Walling, said he thought it was the right call to attempt to eradicate...

Hoki Dokey: NZ fish skin facemasks to launch in China

[23 May/Radio NZ] Hoki skins that were destined for pet food are being used in facemasks to go on sale in China this month. Sanford has teamed up with innovation company, Revolution Fibres, to produce a skincare range. They claim it can reduce wrinkles by up to 31.5 percent. Revolution Fibres Research Manager, Bhuvana Kannan,...

How New Zealand should be getting ready for climate change

[24 May/The Country] Better planning, resourcing and leadership have been called for by a top-level panel tasked with helping New Zealand prepare for a warmer, wetter and wilder future. The Climate Change Adaptation Technical Working Group released 21 major recommendations to adapt to the effects of a transformed atmosphere. Specific recommendations included amending the Local...

Long term decision on cattle disease eradication planned in next seven days

[21 May/Stuff] Prime Minister Jacinda Ardern met with Waikato farming leaders and will decide within the next week which direction to take to stop the spread of Mycoplasma bovis. The disease has been found in 38 farms. The disease was a blow to Waikato farmers, and Ms Ardern wanted to hear firsthand from those impacted...

Government drops plan to restrict deep sea trawling, protect orange roughy

[22 May/Stuff] The Government has halted plans to put restrictions on deep sea trawling after the fishing industry threatened legal action. The plans were to protect the stocks of deep sea orange roughy and prevent the destruction of delicate seabed life like coral and sponges. The High Seas Fisheries lobby group wrote to the Government...

Comvita share price dives after sale falls through

[21 May/The Country] Comvita’s share price fell sharply after talks with a potential buyer fell through. Harbour Asset Management Portfolio Manager, Shane Solly, questioned if after two tough harvest periods, the company could keep up the rate of growth investors were used to. The company announced it was in talks with a third party, whilst...

Organic producers call for national standard

[20 May/Radio NZ] Organic producers, importers and consumers met with the Ministry for Primary Industries to discuss whether New Zealand needed a national standard for organic products. Of the 25 countries who trade organically, New Zealand and Australia are the only two that don’t have a national standard to ensure products are organic. The Wellington...

Slowdown ahead for forestry

[21 May/Otago Daily Times] New Zealand’s forestry sectors has had a strong few years with China purchasing as many logs as they could. Times however are expected to change according to Westpac Industry Economist, Paul Clark. He cautioned forestry participants that times were changing as Chinese building activity was expected to ease in the year...

Northland councils request more details from Tegel on massive chook farm

[21 May/The Country] More information has been requested from Tegel about its proposed broiler chicken farm in Northland. The request included information on evidence of job creation and the assessment of odour. Tegel wants to set up a chicken broiler farm at Arapohue which is just outside Dargaville. Only 17 out of nearly 5,000 submissions...

Swaps case comes at uncomfortable time for Kiwi banks

[21 May/NZ Herald] Controversy over how New Zealand lenders sold a complicated financial product to farms have resurfaced during a bad time for the reputation of the Australasian banking sector. It was revealed that former Dargaville farmer, Renie Gibson, is suing Westpac after she lost her farm during the financial crisis. The action remains live. ...

Economy set to gain from 7 per cent drop in NZ dollar in just a month in a month

[21 May/NZ Herald] The New Zealand export sector and general economy looks likely to benefit from the 7 percent fall in the New Zealand Dollar relative to the U.S. dollar. A weaker local currency stimulates export earnings. In the case of Fonterra, the substantially lower NZD would be supportive for farmgate milk prices. ANZ Senior...

Antifungal resistance could lead to ‘global food shortages’

[21 May/Food Navigator] An international team of scientists from the Imperial College London and the University of Exeter have warned that growing levels of resistance to antifungal treatments could result in disease outbreaks that hit global food security. Crop destroying fungi were thought to account for a loss of 20 percent of global crop yields...

Farm Bill’s Future Hinges on Fight Over Limits on Immigration

[19 May/Bloomberg] The USD867 billion farm bill has been rejected after a fight over immigration policy. Democrats opposed work requirements for beneficiaries of the Supplemental Nutrition Assistance Programme. The measure which is relied on by farmers and ranchers as it renews agriculture programs, including subsidies for farmers and government-backed crop insurers. The bill had already...

Can seaweed make waves in Europe’s food sector?

[18 May/Food Navigator] There is nutritional and environmental reasons for increasing consumption of aquatic plants, but generating consumer understanding is a significant hurdle. Edible seaweed manufacturers wanted to make seaweed an everyday food in Europe. Consumer demand for alternative and plant-based sources of protein was on the rise in Europe. The utilisation of seaweed as...