Genetics company seeks $3m
New Zealand dairy genetics company Tropical Dairy Group Limited (TDG) is trying to raise $3 million from investors.
Waikato Innovation Park Board chief executive Derek Fairweather is stepping down to take on the top role at Dairy SolutioNZ.
Stuart Gordon (pictured) will take over at Waikato Innovation Park as interim chief executive.
Fairweather has been nine years at the helm of New Zealand's only agri-focused technology park.
Dairy SolutioNZ was a brain child of Fairweather's, established six years ago out of the desire to take the world's best farming technologies and practices - many of them from New Zealand - to regions experiencing food crises.
Dairy SolutioNZ was formerly a wholly owned subsidiary of the park. However, the business has been spun out as a stand-alone entity. Waikato Innovation Park retains 25% ownership, while Fairweather has also stumped up with a 25% personal investment. Fifty percent ownership of Dairy SolutioNZ is being held in trust, awaiting a major investor whom Fairweather is tasked with courting and securing.
Chairman of Waikato Innovation Park, Michael Spaans, says there's no one better suited than Fairweather for the challenging role.
Gordon has worked for Dairy SolutioNZ for the past four years in the role of global development director. He worked globally with large land owners and governments to introduce them to New Zealand's low cost, high quality dairy and beef farming solutions.
Prior to joining Dairy SolutioNZ, Gordon was chief executive of Livestock Improvement Corporation (LIC) from 1998-2006 which was a period of strategic change, increased profitability and innovation.
Gordon is a chartered accountant with advanced experience in marketing, strategy and farm advisory. He has previously worked for the Fonterra as financial controller.
Currently, he is the owner and operator of a 430-cow dairy farm outside Hamilton.
There are calls for the Reserve Bank to drop its banking capital rules, which Federated Farmers says is costing farmers a fortune.
Beef + Lamb New Zealand (B+LNZ) is calling on livestock farmers to take part in a survey measuring the financial impact of facial eczema (FE).
Soon farmers and working dog breeders will be able to have a dog that best suits their needs thanks to a team of researchers at Massey University.
OPINION: President Donald Trump's bizarre hard line approach to the world of what was once 'rules-based trade' has got New Zealand government officials, politicians and exporters on tenterhooks.
With wool prices steadily declining and shearing costs on the rise, a Waikato couple began looking for a solution for wool from their 80ha farm.
The Horticulture New Zealand (HortNZ) team is looking forward to connecting with growers at the upcoming South Island Agricultural Field Days, says HortNZ chief executive Kate Scott.