Ruralco slumps to second straight loss
Farmer co-operative Ruralco has slumped to its second straight financial loss.
Two farmers are the lucky winners of this year's Ruralco Instore Days prize draw.
Grajan Farms won a new Honda Pioneer 520 valued around $20,000 while Andrew Donaldson, Punawai Pastures, got a $10,000 House of Travel voucher.
Ruralco launched the promotion on June 1: every $250 spent with Ruralco Instore Days participating suppliers until July 10 enabled co-operative members one entry in the draw.
The draws were done under police supervision.
Ruralco chief executive Rob Sharkie thanked everyone who spent with the co-op over the Instore Days period to gain entries in the prize pool.
"We are thrilled with the support for this year's Instore Days and look forward to bringing you this well-known event and promotion for years to come, and especially next year in what is a very special year for our co-operative," says Sharkie.
"Planning will get underway soon for next year's 29th Instore Days which also occurs in the co-operative's 60th year of business - definitely a cause for celebration."
Farmlands says that improved half-year results show that the co-op’s tight focus on supporting New Zealand’s farmers and growers is working.
Horticulture New Zealand (HortNZ) says that discovery of a male Oriental fruit fly on Auckland’s North Shore is a cause for concern for growers.
Fonterra says its earnings for the 2025 financial year are anticipated to be in the upper half of its previously forecast earnings range of 40-60 cents per share.
Beef + Lamb New Zealand (B+LNZ) is having another crack at increasing the fees of its chair and board members.
Livestock management tech company Nedap has launched Nedap New Zealand.
An innovative dairy effluent management system is being designed to help farmers improve on-farm effluent practices and reduce environmental impact.
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