RWNZ chief executive to step down
Rural Women New Zealand (RWNZ) chief executive Gabrielle O’Brien will step down at the end of June.
NZ’s second-biggest dairy processing company says it is taking a pragmatic and cautious approach, as it deals with the impact of COVID-19.
In the latest TalkMilk newsletter to shareholders, Open Country Dairy (OCD) chairman Laurie Margrain says the company’s balance sheet is in an ‘extremely conservative position’ and it will continue to preserve capital.
However, he says this does not mean OCD will not consider investments that will ‘enhance the future capacity of the business to perform strongly and pay suppliers well’.
Margrain adds that the company’s approach has always been to value capital highly and only invest when it can see clear and obvious benefits to all stakeholders – including its farmer suppliers.
“That being the case, we are taking a very cautious approach to the investment plans we currently have,” he explains. “We have continued to make all the required preparations for those investments, but we are being cautious for now.”
Margrain says paying farmer suppliers earlier than other dairy companies remains the company’s paramount focus.
“We were pleased to do so again in late March,” he wrote. “Your financial health is important and working to benefit your cash flows is our priority.”
Meanwhile, Margrain told farmer supplier it was pointless trying to predict the timeframe and steps of the current COVID-19 situation.
“We can only control what we can, have belief in the fact we will come out of this and do your best for New Zealand.”
He says dairy farmers may even get to enjoy the fact that the sector is now getting more credit for the positive aspects of its importance to New Zealand.
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it was before Cyclone Gabrielle struck just over 14 months ago.