Zespri global sales top $5 billion for 2024–25 season amid strong demand
Zespri says global sales for the 2024-25 season topped $5 billion on the back of strong demand and market returns.
Orchard values are going through the roof compared even with pre-Psa levels, says Zespri chief operating officer Simon Limmer.
He says the vine killing disease Psa impacted growers' balance sheets significantly, but the banks were flexible in working through Psa issues with growers.
"Most growers were able to survive Psa and see their orchard values not only recover but increase significantly. Land values in kiwifruit country are through the roof, particularly the Gold but even the Green.
"The kiwifruit industry is attracting a lot of attention in the primary sector compared to what's going on with other primary industries."
Orchard gate returns are about $65,000/ha on average across the whole industry. That's compared to about $30,000 in the 2005-06 period.
Limmer adds that Gold3 has been a big driver of the shift, so has greater productivity overall, particularly in Green.
The Green on average is forecast to maintain on average $50,000/ha; the cost per hectare has risen significantly in the last few years from about $20,000 to $25,000 - $30,000/ha.
Psa forced growers to be more vigilant and more proactive in protecting their crops. But productivity has also grown.
Gold is delivering $100,000 - $130,000/ha in yield and market price. On-orchard costs are $30,000 - $35,000/ha and productivity is higher.
The value of a Gold orchard is said to be about $600,000/ha (from about $450,000/ha pre Psa) and Green is about $400,000/ha (from about $250,000/ha).
Labour's agriculture spokesperson Jo Luxton says while New Zealand needs more housing, sacrificing our best farmland to get there is not the answer.
Profitability issues facing arable farmers are the same across the world, says New Zealand's special agricultural trade envoy Hamish Marr.
Over 85% of Fonterra farmer suppliers will be eligible for customer funding up to $1,500 for solutions designed to drive on-farm efficiency gains and reduce emissions intensity.
Tighter beef and lamb production globally have worked to the advantage of NZ, according to the Meat Industry Association (MIA).
Groundswell is ramping up its 'Quit Paris' campaign with signs going up all over the country.
Some farmers in the Nelson region are facing up to five years of hard work to repair their damaged properties caused by the recent devastating floods.
OPINION: Labour leader Chris 'Chippy' Hipkins is carrying on the world-class gaslighting of the nation that he and his cohorts…
OPINION: The huge success of former Top Gear host Jeremy Clarkson's new TV show, Clarkson's Farm, and the boost it…