DairyNZ announces levy referendum date
DairyNZ has announced the date for its upcoming Milksolids Levy vote.
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."
Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.
Research and healthcare initiatives, leadership and dedication to the sector have been recognised in the 2025 Horticulture Industry Awards.
Virtual fencing and pasture management company Halter says its NZ operations has delivered a profit of $2.8 million after exclusion of notional items.
Manuka honey trader Comvita slumped to a $104 million net loss last financial year, reflecting prolonged market disruption, oversupply and pricing volatility.
The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI).
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