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New Zealand's food safety regulatory model is among the best in the world, according to a report on the first stage of the Government inquiry into the Fonterra whey protein concentrate contamination scare.
Although it cleared Government regulators of blame, the latest report on the Fonterra botulism scare has highlighted the need for a stronger food safety regime, Federated Farmers says.The first stage of a Government report on the...
Fonterra has maintained its forecast payout farmgate milk price at $8.30 per kg milk solids for 2013/14 but has cut its dividend forecast for the year to 10c from 32c.Many economists had expected an upward revision to the forecast,...
Fonterra's unit price slumped by 60 cents or almost 10 per cent after the co-operative warned of a big cut in its dividend and a sharp drop in its earnings for the current year.But by late morning the units, which offer investors...
A fall in lamb numbers because of the worst drought in 70 years may result in higher prices for this year's Christmas roast.A total of 25.5 million lambs were tailed this spring - 1.3 million fewer than in 2012 - making the current...
Content supplied by Federated Farmers
With red meat industry reform a big topic for farmers, Federated Farmers is welcoming the most comprehensive collaboration ever seen in the sector.
With the Federation going out to its members next week on meat industry reform options, this becomes the first week in a revolutionary fortnight for New Zealand’s number two export industry.
“It seems ironic that I am going to welcome 1.3 million fewer lambs being tailed in 2013 over 2012, but the second smallest lamb crop in nearly 60 years is a good outcome following the 2013 drought,” says Jeanette Maxwell, Federated Farmers Meat & Fibre chairperson.
“To be brutally honest, that 4.7 percent decline to a 2013/14 crop of 25.5 million lambs, underscores how vital this week’s announcement of the Red Meat Profit Partnership is."
“We cannot keep going on like this either inside the farmgate or outside of it."
“It is why we welcome a majority of our meat processing capacity coming together in the form of Alliance Group, ANZCO Foods, Blue Sky Meats, Greenlea Premier Meats, Progressive Meats and Silver Fern Farms."
“When you put that together with ANZ Bank, Rabobank, Beef + Lamb New Zealand and the Government, you’ve got serious firepower to help deliver real change inside the farm gate."
“My hope is that the other processors and the other banks will become involved because we need them on board and the door is open to them."
“This Red Meat Profit Partnership is about taking the right lessons from other industries in order to give farmers the information and tools we need to farm better in terms of production and profit."
“It’s ultimately about better farm businesses and that’s good for every New Zealander. Federated Farmers stands ready to assist where we can to help get farmer-buy-in."
“Inside the farmgate is one side of the coin, but the other is red meat industry reform."
“I can tell you Federated Farmers is about ready to start our consultation with our members on a series of reform options. We’ll be telling the wider farming community more about this next week,” Mrs Maxwell concluded.
Red meat sector programme formalised and set to boost farmer productivity and profitability, MPI says
Content supplied by the Ministry for Primary Industries
The future growth and sustainability of New Zealand's red meat industry is the focus of a new collaboration between agribusinesses, farmers and the Ministry for Primary Industries (MPI).
The Red Meat Profit Partnership is the newest programme to get underway in MPI's Primary Growth Partnership (PGP), following a contract being signed between MPI and co-investors. It is a $64 million sector development programme of which $32.1 million is funded by the Primary Growth Partnership and the remainder by industry and sheep and beef farmers.
MPI Director-General Martyn Dunne says the Red Meat Profit Partnership aims to boost the capability of our red meat sector by ensuring it has ready access to best practice information, tools and support.
"The Red Meat Profit Partnership is the most comprehensive collaboration across the red meat sector that has ever been undertaken," says Mr Dunne.
Co-investors include Alliance Group, ANZCO Foods, ANZ Bank, Beef + Lamb New Zealand (on behalf of sheep and beef farmers), Blue Sky Meats, Greenlea Premier Meats, Progressive Meats, Rabobank and Silver Fern Farms. The programme is designed to be open, enabling others to invest and provide support throughout its duration.
"The red meat sector is such an important contributor to our economy, and I'm excited at the potential of this market-led programme to lift productivity in the sector and provide valuable support to farmers and others involved."
The seven-year Red Meat Profit Partnership comprises four core projects aimed at researching the information requirements of different farm businesses, developing and supporting sheep and beef farmers and their advisors, capturing and benchmarking key business data to inform business decisions and developing technical resources.
"The Red Meat Profit Partnership will enable more consistency in farm performance and profitability, through assisting farmers to extend their capability based on best practice information and resources , sharing information, and providing suitable tools and support," says Mr Dunne.
"The level of interest by the red meat sector shows the importance it places on ensuring the sustainability of the sector and the commitment to this exciting PGP programme.
"This will also build on the work currently being led as part of the existing PGP programme 'Transforming the Dairy Value Chain', and pave the way for much needed and sought after sector-wide benchmarking," he says. "We will be monitoring the programme to ensure it delivers on the expectations of all programme partners."
Partnership independent chair, Malcolm Bailey says the programme is about helping farmers to improve their productivity and profitability.
"We're planning to get underway without any delay and the first 100 days of activity will be very busy. The priority is to appoint a general manager, establish advisory structures, and immediately initiate the first pieces of work. Work is already progressing on those points," he says.
"The partners are well aware of the need to hit the ground running. There are many aspects to begin working on, but overall the key idea is to develop a deep understanding of how sheep and beef farmers want to receive and apply information that can drive the profitability of their business.
"This is not about 'telling' farmers – but treating them as customers and placing them at the centre, delivering customised services that fit their farm needs, rather than a one size fits all approach."
The programme will develop a range of pilot 'extension programmes' around New Zealand, where farmers, processors and advisors will trial techniques for delivering new information to support profitability. The programme will develop multiple, coordinated channels to support sheep and beef farmers.
"We will also immediately begin developing common data standards for the sheep and beef sector. This will support the easy transfer and consistent analysis of data between the many new, data-driven farm management tools appearing on the market," says Mr Bailey.
The Weekly Dairy Report: Surprise cut to dividend prediction by Fonterra drops Shareholders units by 10%
Drought predictions have eased especially in the north as regular rains have boosted feed conditions, although some southern areas are still dry heading into summer.
Advisers suggest early pregnancy scans can identify inefficient dairy cows that can be culled to ensure farms are only carrying productive animals worth feeding supplements, if feed supply is limiting.
The last global dairytrade auction saw values rise by 3.9% even with large volumes offered, and analysts suggest China could be stockpiling as low tariffs are encouraging purchasing now.
A new large entrant for the global dairytrade platform in giant US Co-operative Land O'Lakes who will start trading in March 2014 with skim milk powder being offered first and then followed by butter.
And with many forward sales completed in this bull market Westpac economists have upped their milk payout predictions, which could break $9/kg ms once the dividend is added.
However Fonterra executives do not share this optimism as today they reduced their prediction by reducing the dividend payout to just 10c and forecast a profit drop by $400 million.
Blaming an "extrodinary situation" where powders were selling at record levels but casein and cheese which make up to 30% of the business in less demand, was how Fonterra chairman John Wilson explained the profit reduction.
Ex Fonterra director Mark Townshend warned farmers to keep a tight reign on costs and be aware of the volatility of dairy prices especially with extra production due out of our overseas competitors.
Water storage proposals have ballooned in South Canterbury as surety from this precious resource is planned to be secured, so dry periods and water restrictions no longer need to affect production potential.
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