Posts tagged "Landcorp Farming"

Chairwoman of state-owned farmer company leaving board

[27 April/NZ Farmer] Landcorp Farming’s board will need a new chairperson after Traci Houpapa and directors Nikki Davies-Colley, Pauline Lockett and Eric Roy reached the end of their allotted terms to act as governors of the State Owned Enterprise. The directors will be replaced by Nigel Atherfold, Hayley Gourley and Belinda Storey, who will join...

Landcorp sells Jericho to Kiwi

[10 April/Farmers Weekly] The state-owned farmer trading as Pamu Farms, Landcorp Farming, has chosen a back-up bidder to sell its Jericho Station sheep and beef farm and Fiordland to after the preferred foreign buyer withdrew. They expected the new farmer to complete the transaction in early June according to spokesman, Simon King. A Chinese buyer...

Farmlands invests in FarmIQ Systems

[6 December/ NZ Herald] Farmlands has taken a stake in farm software company FarmIQ Systems as part of a capital raising round. FarmIQ Systems joined Landcorp Farming, Silver Fern Farms Joint Ventures, and Veterinary Enterprises Group as shareholders in the company that developed and marketed software for farming and agribusiness. FarmIQ Chairman, John Quirk said...

Treasury’s Landcorp advice shows challenge for growth-minded firms with state owner

 [3 July/ National Business Review] Official Information Act papers show state-owned enterprise (SOE) Landcorp Farming wants to reinvest cash to grow despite the Treasury’s advice to return it to the government as dividends. SOE’s are expected to operate as profitable and efficient businesses, however, Treasury said the government has other uses for its money than...

Landcorp posts first-half loss

 [2 March/ NZ Herald] Landcorp Farming posted a net operating loss of $8.9 million for the six months to 31 December, and expected it to increase over the second half of the financial year. A Landcorp representative said the loss was due to lower forecast milk payments for the rest of the season that were...

Landcorp not renewing Shanghai Pengxin contract

 [17 February/ Radio NZ Rural] Landcorp Farming and Shanghai Pengxin have decided to go their separate ways once their sharemilking contract comes to an end in June 2017. Landcorp would continue to run Pengxin’s 16 farms over the next 18 months to ensure a smooth transition of the properties, stock and staff. Landcorp Chief Executive,...

‘Dairy model broken’ says Landcorp boss

[7 August/ NZ Herald] Landcorp Chief Executive, Steve Carden said the swing from a record-high to a record-low dairy payout was evidence that the New Zealand dairy model was broken. Mr Carden added that the status-quo cannot continue as it is damaging to farmers and the supply chains they are producing for. Fonterra slashed $1.40...

New ways to feed the world

[16 July/ NZ Herald: Steven Carden Opinion] Landcorp CEO, Steven Carden said the only way in which enough food can be produced with fewer inputs is the use of agricultural technologies. AgTech is a new class of start-up companies, with a focus on innovations and technologies designed to solve particular agricultural problems. It is believed...

Fonterra eyes long-term guaranteed milk price deals

[6 July/ Business Day: NZ Farmer] Fonterra is to entertain the possibility of offering longer guaranteed milk price contracts. Fonterra Head of Origination, Aaron Atkinson said numerous milk suppliers and current guaranteed milk price contract takers, such as Landcorp and Shanghai Pengxin, supported the idea of longer contracts. Milk New Zealand Chief Executive, Andy Macleod...

Landcorp post for former MP [16 June/ NZ Herald]

Former Invercargill MP and farmer, Eric Roy, has been appointed to the board to New Zealand’s largest farmer, state owned Landcorp Farming. Mr Roy retired from parliament last year having been a National MP for around 20 years. The government also announced that Traci Houpapa, who has been acting in the role of chairwoman since...

Low payout no barrier to Landcorp dairy development [14 June/ Business Day]

Despite the drop in dairy prices and call from the Greens for a moratorium on dairy conversions, Landcorp Farming is continuing its plans for the large scale conversion of the Wairakei Estate from forestry to farming. The company so far has converted nine farms covering around 5,000 hectares with the plan to have 39 dairy...

Waipukurau farm consultant, Chris Garland, named agricultural communicator of the year [12 June/ NZ Guild of Agricultural Journalists and Communicators Inc Press Release]

Chris Garland has been awarded the 2015 Landcorp Agricultural Communicator of the Year prize. Chris is a director and shareholder of Baker and Associates and has been since it was formed in 1986, and worked for the MAF Advisory Service for six years prior to this. NZ Guild of Agricultural Journalists and Communicators President, Graeme...

Court allows iwi opposition to delay farm sale [1 June/ NZ Farmers Weekly]

The Supreme Court has allowed the Ngati Whakahemo iwi to appeal the decision that allowed Landcorp Farming to sell its Wharere farm last year to the Pamment family. Mr Pamment said he was surprised by the decision, but intended to roll over the lease the family already had with Landcorp until the issue was resolved....

New chair for Forest safety council [28 May/ Radio NZ Rural]

Dame Alison Paterson is to head the new Forestry Industry Safety Council, which was officially launched by parliament following recommendations from an independent forestry safety review panel. Ms Paterson is currently a director of GMI Investments, Vector, Stevenson Agriculture, among other companies, and was previously chairwoman of Landcorp Farming. A national safety director is also...

Court allows Landcorp to sell Whārere Farm over Ngati Whakahemo objections [13 May/ Waikato Times]

The Ngati Whakahemo iwi has lost in its battle to stop the sale of the Whārere farm near Pukehina, by Landcorp Farming to Micro Farms Limited, for $19 million following a decision by the Court of Appeal. The iwi filed papers in the High Court for an interim injunction, with the court slamming the Office...

Well-heeled wool deal

[20 March/ Radio NZ Rural] A deal between New Zealand Merino Company and a Danish footwear firm will result in farming enterprise, Landcorp Farming and other New Zealand farmers receiving a premium price for wool. New Zealand Merino Company Marketing Manager, Gretchen Foster said the contract was worth about $1.5 million to growers and will...

Landcorp reviews profit forecast

[10 February/ Radio New Zealand Rural] Landcorp Farming has made a net half year operating profit of $1 million, compared with $12 million for the first six months of the previous financial year, with a forecast of $1 million to $6 million, which is below the $30 million operating profit last year. Landcorp CEO, Steven...

Landcorp seeks to fatten sheep returns through milk, wool

[27 December/ The National Business Review] Landcorp Farming plans to increase returns from sheep, and has signed a three year contract with New Zealand Merino to manage its total wool clip. Landcorp is also looking to establish a premium niche sheep milk brand. The company has been conducting market research on sheep milk demand, as...

Landcorp pushing to diversify – says Chair

[21 October/ New Zealand Herald] Landcorp Farming chairwoman, Traci Houpapa, said that the company’s decision to take full control of Focus Genetics (New Zealand’s largest red meat genetics business) is an example of its wider strategy to diversify operations. While not on the acquisition trial, Ms Houpapa, said the company is looking to enter new...

Big potential for dairy sheep?

[16 June/ Rural News] New Zealand has a small but thriving dairy sheep industry but news that Landcorp Farming is assessing the potential of the sector is very exciting according to Rick Powdrell, Federated Farmers Meat and Fibre Vice Chairperson. Mr Powdrell suggests that the US could be to our sheep industry what China is...

Landcorp 1H earnings soar on rising dairy income

 [4 February/ New Zealand Herald] Landcorp Farming, the State Owned Enterprise, has reported a tripling in first half profit as milk prices drove up dairy income.  Operating profit for the six months ended 31 December was reported as $12.2 million compared to $2.5 million in the prior year.  The company expects to report a full...

Synlait Farms Takeover approved

 [4 February/ Radio New Zealand Rural] The Overseas Investment Office has given approval for Shanghai Pengxin and its partners to complete their acquisition of Synlait Farms.  This follows 99.6% of shareholders supporting the transaction – believed to be the highest acceptance rate of any takeover in New Zealand since the Takeovers Code was introduced in...