Synlait shares in trading halt
Listed Canterbury milk processor Synlait’s shares have been placed in a trading halt.
The a2 Milk Company is partnering with Lincoln University to launch a new sustainability fund, designed to support sustainability dairy farming projects in New Zealand.
The Farm Sustainability Fund was launched last month and will provide up to $500,000 in the first year to enable grants for farm projects that demonstrate an integrated approach to a sustainable future and enable a positive impact across the community and environment.
The Fund is open to New Zealand farms that supply milk under contract with Mataura Valley Milk Limited or Synlait Milk Limited for use in the manufacture of products for The a2 Milk Company.
David Bortolussi, a2 managing director, says the company is excited to be involved in the venture.
“The fund brings together a2MC’s determination to deliver on our sustainability strategy and Lincoln’s internationally- renowned knowledge in all facets of agriculture and agribusiness – along with the commitment and operating excellence of our milk supply partners,” Bortolussi says.
“We know there are farmer suppliers with innovative and important projects they would be keen to get underway.”
Bortolussi says the fund has the potential to help with many of those projects by providing additional financial support to make them more viable.
Lincoln University research management office director Professor Travis Glare says the university is committed to researching, teaching and showcasing practices and approaches that will advance a more productive and sustainable future for New Zealand.
“It’s through like-minded partnerships such as with The a2 Milk Company, that we can effectively make the most of our collective expertise in helping shape a better, more sustainable world,” Glare says.
Applications for this year’s awards will be open from 23 May and close on 4 July 2022.
Applications will be assessed by The a2 Milk Company and Lincoln University New Zealand Farm Sustainability Fund Investment Committee.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
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