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Fonterra Reports Strong Earnings and Announces Milk Price Forecast for FY25
Fonterra Reports Strong Earnings and Announces Milk Price Forecast for FY25
Farming   -   May 29, 2024

Fonterra Co-operative Group Ltd has announced its Q3 business update, revealing a profit after tax from continuing operations of NZ $1,013 million, marking a 2% increase. This equates to earnings of 61 cents per share, attributed to robust performance across the company’s product channels. CEO Miles

Farmer Confidence in Banks Hits Decade Low
Farmer Confidence in Banks Hits Decade Low
Business   -   May 23, 2024

Farmer confidence in banks has fallen to its lowest level in nearly a decade, prompting calls for an independent inquiry. A recent Federated Farmers survey of over 640 farmers revealed only 51 percent were satisfied with their banks, a significant drop from 80 percent in 2018. This marks a worrying

Major Overhaul in Farming and Environmental Rules Welcomed by Farmers
Major Overhaul in Farming and Environmental Rules Welcomed by Farmers
Farming   -   Apr 24, 2024

Farmers across New Zealand are welcoming a significant shift in agricultural and environmental regulations that promises to reduce the burdens of compliance and foster better land management. According to Federated Farmers freshwater spokesperson Colin Hurst, today’s regulatory changes signify the “

Calls for Efficiency: Landcorp Under Scrutiny as Profits Drop
Calls for Efficiency: Landcorp Under Scrutiny as Profits Drop
Farming   -   Apr 16, 2024

The New Zealand government has signaled a need for heightened efficiency and profitability from Landcorp, the state-owned farming entity, after a concerning drop in its financial performance. Minister Paul Goldsmith highlighted the issue following a recent meeting with Landcorp executives, noting th

Dairy Farm, Owner Fined $215K for Exploiting Indonesian Workers
Dairy Farm, Owner Fined $215K for Exploiting Indonesian Workers
Farming   -   Apr 08, 2024

A Southland dairy business and its owner, an Invercargill Imam, have been ordered to pay $215,000 in penalties by the Employment Relations Authority (ERA) after having been found to have exploited three Indonesian migrant workers. Of this amount, Rural Practice Ltd was ordered to pay $145,000, and b

Southland/Otago Dairy Industry Awards Have Dairying in Their DNA
Southland/Otago Dairy Industry Awards Have Dairying in Their DNA
Farming   -   Apr 05, 2024

The winners of the 2024 Southland/Otago Dairy Industry Awards Share Farmer of the Year category say dairy farming is in their DNA, with endless opportunities for growth. Cameron Smith and Nicole Hanning-Smith were announced winners of the region’s Share Farmer of the Year category at a dinner at Inv

Brett Roberts’ Long Road To First Open Win In 14 Months
Brett Roberts’ Long Road To First Open Win In 14 Months
Farming   -   Mar 12, 2024

Mataura shearer Brett Roberts scored his first Open final win in over a year with victory at the Mayfield A and P Show in Mid-Canterbury on Saturday. Roberts, 30, hadn’t won since the national full wool championship final at the Northern Southland Community Shears (Lumsden) in January 2023. That was

Leon Samuels – First South Island Golden Shears Champion Since 1989
Leon Samuels – First South Island Golden Shears Champion Since 1989
Community   -   Mar 04, 2024

Southland shearer Leon Samuels became the first South Islander to win the Golden Shears Open shearing title in 35 years in a dramatic six-man final of 20 sheep each in Masterton on Saturday night. The winner of the New Zealand Shears Open final in Te Kuiti last April and thus a member of the New […]

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