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.
Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.
The world's largest wool scouring facility, WoolWorks Awatoto plant in Napier, is back operating at full capacity.
A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media and politicians.
Feeling forgotten and in a fragile space financially and mentally.
The European Union Ambassador says the new free trade agreement (FTA) between the bloc and New Zealand will bring significant benefits to both parties.
Less Wellington bureucracy and more local, on-farm common sense was the focus of recent meetings held in South Canterbury as part of the Government's National Woolshed tour program.