LIC semen probe results to be made public
The result of two probes into the supply of bad sire semen to over 1100 LIC farmer customers will be made public next month.
Liz Coutts has been appointed the new chair; Coutts joined Skellerup’s board in 2002, and is currently chair of the company’s audit and risk management committee.
Coutts said it was an exciting time for Skellerup, which has delivered solid results over the past couple of years despite many of its key customer groups having to manage tough market conditions.
The company provides rubber products to the dairy industry; low milk prices affected the company’s agri business.
Coutts paid tribute to Cushing’s contribution and noted he remains a director and Skellerup’s largest shareholder.
“Selwyn has been an outstanding chairman. Under his leadership Skellerup has greatly improved its performance to deliver shareholders consistent financial results, a robust financial position and increased dividends. His are big shoes to fill.”
Over the past 20 years, Coutts has been a director of companies operating in various sectors including primary production, manufacturing, logistics, and sport. She is currently chair of aged care provider Oceania Healthcare, Ports of Auckland and privately-owned fishing company Urwin & Co, and a director of EBOS Group, Sanford, Yellow Pages and Tennis Auckland. She is also vice president of the Institute of Directors, and was last year appointed an Officer of the New Zealand Order of Merit for services to governance.
Coutts is one of four independent directors on the six-strong Skellerup board.
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.
Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.
AgriZeroNZ, a joint venture fast-tracking emissions reduction tools for farmers, is pouring $5 million in a biotech company to develop a low emissions farm pasture with increased productivity gains.
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Te Awamutu dairy farmers Doug, Penny, Josh and Bayley Storey have planted more than 25,000 native trees on the family farm, adding to a generations-old native forest.
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