Dairy farmer profits to hit record levels in 2025
The profitability of dairy farmers is likely to increase in the coming year, accordign to the latest report by the Ministry for Primary Industries (MPI) on the outlook for the primary sector.
Farmer co-op LIC is to appoint Abigail (Abby) Foote as a new director.
The appointment, to be ratified at LIC's annual meeting on October 22, has been recommended by the board.
Foote, a professional director, will replace Jason Dale who retires from the board after a six-year stint.
Foote is currently a director and chair of the audit and risk committees of Z Energy Limited, BNZ Life Insurance Limited and the New Zealand Local Government Funding Agency and is a director of Transpower New Zealand.
Recommending Foote to shareholders, LIC's board says she has "a strong analytical and strategic focus, coupled with a critical awareness of corporate governance and risk management".
"With qualifications in both law and accounting, Abby's career has straddled both disciplines, focusing on corporate finance and commercial transactions.
"She has a breadth of experience in a number of diverse areas including mergers and acquisitions, treasury and structured finance transactions, telecommunications, management of large projects and strategic development and implementation."
If elected, Foote will chair LIC's audit, finance and risk committee.
The LIC board can invite up to three people to serve on the board.
LIC's annual meeting will be held in Hamilton.
A technical lab manager for Apata, Phoebe Scherer, has won the Bay of Plenty 2025 Young Grower regional title.
Following heavy rain which caused flooding in parts of Nelson-Tasman and sewerage overflows in Marlborough, the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) is urging homeowners and tenants to be cautious when cleaning up and to take the right steps to support claims.
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.
OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.