DairyNZ: Strong payouts offset high farm costs
The dairy sector is in a relatively stable position, with strong milk price payout forecasts continuing to offset ongoing high farm costs, according to DairyNZ.
Dairy farmers have returned Jim van der Poel and Colin Glass as DairyNZ directors for another three-year term.
Van der Poel, who chairs the industry-good organisation and Glass, chief executive of Dairy Holdings Ltd, saw off a challenge from young Ashburton farmer Cole Groves in this year’s director elections.
The result was announced at DairyNZ’s annual meeting in Ashburton last night.
Van der Poel thanked farmers for their continued support.
With his Sue, van der Poel has farming interests in Waikato, Southland, Canterbury and in the US.
He has served on the boards of Fonterra, Fonterra Shareholders Fund and New Zealand Cooperative Dairies. He has also received numerous industry awards including Sharemilker of the Year, Dairy Exporter Primary Performer Award and a Nuffield Scholarship.
Glass and his wife Paula, with their two teenage daughters, own a 670-cow dairy farm, and two further irrigated properties rearing and finishing bull beef at Methven, Mid-Canterbury.
Colin heads Dairy Holdings Limited which has extensive operations throughout the South Island. He is a director of several agri-business companies and is currently chairman of Ashburton Lyndhurst Irrigation Limited.
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