New Government has a lot to do
Former agriculture minister and speaker of Parliament Sir David Carter says the new National-led coalition faces significantly more important issues to deal with than previous governments.
Former Agriculture Minister and Banks Peninsula farmer David Carter has been elected to the board of rural trader, Ruralco.
Carter took up his directorship at the co-operative’s annual meeting last month, replacing former chairman Alister Body who stepped down after nine years on the board.
Carter, one of National’s longest serving MPs, retired at the last general elections after serving as a parliamentarian for 26 years and in a number of National governments as a cabinet minister, including Agriculture Minister and Speaker of the House.
He says joining the Ruralco Board is a chance to offer his experience to his first passion—New Zealand agriculture.
“Ruralco has a unique history. I believe with good governance, good management, and a dedicated staff, it has the potential to deliver even greater benefits to its shareholders,” he says. Ruralco, a farmer cooperative owned by Ashburton Trading Society (ATS), made a gross profit of $1.2 million from a group turnover of $241m last financial year.
For the third year in a row, the co-op paid its owners a bonus rebate. This year farmer owners received $250,000.
Ruralco chair Jessie Chan, speaking at the AGM, described Covid-19 as an unprecedented obstacle.
But she says the co-op attracted 68 new shareholders last year and increased its market share.
“Crisis does not change who you are – crisis reveals who you are. Covid-19 revealed a lot about us this year. We are agile, innovative, and willing to rise to the challenge,” said Chan.
She says Ruralco recognises that while the agricultural sectors are currently well placed despite the uncertainty created in the wake of Covid-19, the need to work collaboratively will remain at the forefront of all it does.
Red meat farmers have dealt a major blow to their umbrella farmer body, Beef + Lamb New Zealand - rejecting an increase in directors’ fees.
The Climate Change Commission wants the new Government to reduce NZ Emissions Trading Scheme (ETS) auction volumes as son as possible.
Southland-based Mataura Valley Milk can now lay claim to be the first all-electric dairy factory in New Zealand.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
Meat co-operative Alliance Group has bagged four gold medals at the Outstanding NZ Food Producer Awards, achieving top honours for every cut entered.
There is increasing evidence that dairy demand is on the upswing, according to Rabobank senior agricultural analyst Emma Higgins.
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