South's first winter grazing contract
Environment Southland has granted its first winter grazing consent under the new National Environmental Standards for Freshwater.
It's business as usual at the country’s largest dairy farming business after the official announcement of a shareholder revamp.
Dairy Holdings Limited, which operates 59 dairy farms in the South Island, is now 25% owned by Canadian investment company Sooke Investment.
Dairy Holdings majority shareholder Colin Armer told Dairy News that Sooke bought the stake from Jagwei Ltd, a holding company for JD and RD Wallace, about a year ago.
He says the transaction became public when Dairy Holdings filed its annual returns with the Companies Office last week.
Armer says the transaction involved “a large lump of money”.
With not a lot of investor capital available in New Zealand, the company accepted Quebec-based Sooke’s offer.
“There is no change to the way Dairy Holdings operates, it’s business as usual,” he says.
Dairy Holdings is now 42% owned by Armer and his wife Dale, 33% by the Turley family and 25% by Sooke.
The Canadian company is expected to appoint a board member soon.
Dairy Holdings board is chaired by former Fonterra director Greg Gent. Armer, who also served as a Fonterra director, sits on the board with his wife Dale. Murray and Margaret Turley are also board members.
According to Dairy Holdings’ website, its farms produce 17 million kgMS from 50,000 milking cows.
The operations are self-contained and include 15 support farms that provide for the rearing and supply of 10,000 in-calf heifers per annum to the dairy farms and grazing of all non-lactating cows over the winter months.
Labour's agriculture spokesperson Jo Luxton says while New Zealand needs more housing, sacrificing our best farmland to get there is not the answer.
Profitability issues facing arable farmers are the same across the world, says New Zealand's special agricultural trade envoy Hamish Marr.
Over 85% of Fonterra farmer suppliers will be eligible for customer funding up to $1,500 for solutions designed to drive on-farm efficiency gains and reduce emissions intensity.
Tighter beef and lamb production globally have worked to the advantage of NZ, according to the Meat Industry Association (MIA).
Groundswell is ramping up its 'Quit Paris' campaign with signs going up all over the country.
Some farmers in the Nelson region are facing up to five years of hard work to repair their damaged properties caused by the recent devastating floods.
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