Plummeting sales forces C-Dax to cease trading
Farmer-owned co-operative Ravensdown is winding down the operations of its agritech subsidiary C-Dax following a long decline in sales.
Ravensdown has appointed Garry Diack as its new chief executive, replacing Greg Campbell who has held the position at the farmer-owned co-operative for the past eight years.
Diack joins Ravensdown from his position as chief executive and executive director of Tait Communications in July.
He has over 30 years' experience of improving corporate performance, effective governance and driving growth.
Ravensdown chair John Henderson said Diack's experience across many industries, his rural connections and his grounded-yet-innovative approach, made him a compelling proposition for the board.
"The board is excited that its search for someone that offers strategic continuity and deliberate evolution has been successful.
"There's no doubt that our purpose of enabling smarter farming for a better New Zealand has never been more important and Garry is passionate about that direction."
A firm believer in the power of co-operative business models, Christchurch-based Diack is looking forward to helping take Ravensdown forward in a changing landscape.
"Large parts of my career have been devoted to helping harness the power of New Zealand agriculture to punch above its weight in domestic and international markets.
"I have been fortunate to have had the opportunity of advising the likes of CRT, Silver Fern Farms and the predecessors to Fonterra. Through these experiences and a directorship of the Ashburton Trading Society, I have witnessed Ravensdown forge true value-based relationships with its farmers and I am privileged to be given the opportunity to play my part in the challenges of tomorrow's farming," said Diack.
"I know that Ravensdown has invested in tools and technology that have potential to be win-wins for the environment and farm profitability," he says.
Federated Farmers supports a review of the current genetic technology legislation but insists that a farmer’s right to either choose or reject it must be protected.
New Zealand’s top business leaders are urging the US Administration to review “unjustified and discriminatory tariffs” imposed on Kiwi exporters.
New tariffs imposed by President Donald Trump signal an uncertain future, but New Zealand farmers know how to adapt to changing conditions, says Auriga Martin, chief executive of Farm Focus.
A global trade war beckons, which is bad news for a small open economy like New Zealand, warns Mark Smith ASB senior economist.
Carterton's Awakare Farm has long stood as a place where family, tradition and innovation intersect.
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.