Strong uptake of good wintering practices
DairyNZ has seen a significant increase in the number of farmers improving their wintering practices, which results in a higher standard of animal care and environmental protection.
The Institute of Directors has developed a due diligence guide for directors in farming enterprises in conjunction with DairyNZ.
The guide, known as Farming Directorships: A due diligence guide for directors, has been produced to help prospective independent directors understand the nature of the business as part of their preparation in deciding whether to join a farming company board.
It can also be used as a framework for considering farming advisory board appointments.
IoD chief executive Simon Arcus says being an independent director on the board of a farming company can provide a rewarding opportunity to add value to one of the country's largest and most important commercial sectors.
"The guide is about equipping prospective directors and advisors in the rural sector with the best knowledge to enter the environment. If I ran a farming concern I'd give a prospective director a copy too," Arcus says.
"There is growing recognition of the important role that governance structures and long term thinking play in the creation and protection of shareholder value in farming businesses. Good governance is about making the business meet its potential. It means having strategic plans for the future that anticipate the good and bad times ahead."
IoD Waikato branch chair Margaret Devlin says the branch was honoured to launch the guide as it celebrates 25 years in the Waikato.
"The Waikato branch has been involved in supporting the development of this guide from the beginning, and look forward to the difference it will make to farming business success," Devlin says.
"The guide highlights key issues in farming businesses, and raises key questions for prospective directors to ask, and can be useful for any farming business."
Arcus says agri-business is fundamental to the New Zealand economy. Farming businesses are no different from any other businesses.
"Bringing on an independent director can help grow the business for the long-term."
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.
As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.
Livestock can be bred for lower methane emissions while also improving productivity at a rate greater than what the industry is currently achieving, research has shown.
OPINION: Fonterra may have sold its dairy farms in China but the appetite for collaboration with the country remains strong.
OPINION: The Listener's latest piece on winter grazing among Southland dairy farmers leaves much to be desired.