Nichol is new PGW chair
A day after the ouster of PGG Wrightson’s chair and his deputy, the listed rural trader’s board has appointed John Nichol as the new independent chair.
Stock agents are reporting that it is only recently that herd prices have come back because of Fonterra’s lower forecast payout for the 2015-16 season and following seasons.
A Hauraki Plains agent reports one of the main problems is the limited numbers of genuine herds.
“I recently sold an ordinary herd for $1700/head, but top herds I was selling last year for $2100/2200 are now reaching only $1900/head,” he said.
He believed that representatives of Ngai Tahu have been looking for North Island herds to stock their recent dairy conversions.
PGG Wrightson livestock manager Waikato, Dean Evans, said most herds sold in his area have been priced between $1400-$1900/head. Most stayed in the North Island and 10-12 went to the South Island.
“As always quality rules and the well-presented herds with good records made up to $2150/head.
Swap Agriculture held its annual sale of in-calf heifers and carry-over cows on April 21 at Walton near Matamata, with farm manager, Vaughan Armstrong reporting a satisfactory sale.
“Of course we would have liked more. But with 112 Friesian and Friesian cross in-calf heifers averaging $1700/head and the 92 in-calf carry over cows averaging $1750/head we were happy considering the season.”
Buyers were given free grazing until June 1.
The sale was run by PGG Wrightson with Joe Harris and Mark Begovich Livestock. – Tony Hopkinson
BNZ says it is backing aspiring dairy farmers through an innovative new initiative that helps make the first step to farm ownership or sharemilking a little easier.
LIC chief executive David Chin says meeting the revised methane reduction targets will rely on practical science, smart technology, and genuine collaboration across the sector.
Lincoln University Dairy Farm will be tweaking some management practices after an animal welfare complaint laid in mid-August, despite the Ministry for Primary Industries (MPI) investigation into the complaint finding no cause for action.
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.