Wednesday, July 6, 2022

My Daily Digest: March 17, 2021

Fonterra profit loss is still a win   Fonterra’s first-half result shows the big co-operative is in pretty good nick. It posted a net profit of $319 million – down on last year but considering they’re selling to a world ravaged by covid-19, it’s a good result.

Unit holders will even get a 5c dividend, enough to keep them interested.

Following the recent change in leadership and strategy, the work’s continuing to divest some overseas holdings. That should please farmers who often felt that as owners their milk should be prioritised.

There are still obstacles of course. Supply chain issues remain around the world and at home regulation and land-use changes are beginning to alter the landscape.

Some farmers are still balking at the prospect of having to strive for an environmental premium but in the regulatory and consumer-driven world we live in, that measure is essential.

It’s a tough time for every business right now and Fonterra appears to be meeting its challenges as good as any.

 

Bryan Gibson

 

Fonterra first-half profit dips

Fonterra has announced its 2021 interim results with the co-operative posting a net profit after tax of $319 million.

 

 

Winter grazing rules on hold

Primary industry groups have welcomed the Government’s decision to defer proposed intensive winter grazing (IWG) regulations for a year and instead rely on farm plans to help deliver the changes in farming practices sought.

 

 

Land-use changes trim dairy’s hoofprint in the north

Losses of dairy farms in Northland have been balanced by productivity increases for the majority who have milk supply agreements with Fonterra, regional manager Mike Borrie says.

 

 

Organic proposals risk cost and complexity

The organics sector is fearful its concerns about organic regulations have not been heard in the latest discussion paper on the sector’s proposed changes.

 

 

Food, fibre’s biggest challenge

Keeping focused and on track is the biggest challenge for the Food & Fibre Partnership Group (FFPG) on its transformational journey to accelerate New Zealand’s economic potential.

 

Tonight on Sarah’s Country: Change Maker Wednesday

 

Clevedon Buffalo founder Helen Dorresteyn shares what it's like owning and operating a buffalo farm. 

We also delve into the world’s first solution for verifying regenerative meat, dairy and wool. US-based Land to Market programme manager Chris Kerston explains. 

Then, there’s a new discovery that may give honey bees a fighting chance against varroa mites. Emeritus Professor Alison Mercer explains. 

Finally, meeting environmental challenges and supporting each other through change will top their AGM agenda, Dairy Environment Leaders chair Melissa Slattery has more.

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