PGG Wrightson declares dividend as profits surge 248%
Agricultural support giant PGG Wrightson will pay a dividend this year on the back of an improved performance buoyed by increased optimism in the sector.
Primary Growth Partnership (PGP) funding was announced today to pay for half of a $14 million research programme to deliver better seeds and plant species for farmers.
Proprietary seed company PGG Wrightson Seeds is leading the programme, working with a number of research organisations.
The PGP is committing $7.15 million over six years for the programme worth $14.6 million in total.
MPI Director-General Wayne McNee announced the funding for the new Seed and Nutritional Technology Development programme.
"The Seed and Nutritional Technology Development programme works on many fronts to ensure farmers will have access to the best pasture and forage crop technologies," McNee says.
"We are pleased to see innovative approaches that will address current challenges such as improving feed conversion efficiency, as well as taking the opportunity to mitigate environmental challenges such as soil erosion and drought stress."
Dr Derek Woodfield, general manager – research and development of PGG Wrightson Seeds, welcomes the funding announcement and says: "The PGP funding will allow PGG Wrightson Seeds and its research partners to focus on delivering a suite of new technologies that will keep New Zealand farmers internationally competitive."
Primary Industries Minister David Carter has welcomed the successful PGP bid which lifts the total allocated to around $600 million.
"In just three years, the PGP programme has worked with industry to develop some of the most exciting primary sector research and innovation proposals New Zealand has ever seen," says Carter.
"Co-funding of these projects by government and industry is what PGP is all about – a joint commitment to growing our economy through greater investment in R&D."
The PGP programmes currently underway cover sectors including wool, red meat, dairy, seafood, manuka honey and forestry.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.
OPINION: Everyone wants to go to heaven, but nobody wants to die.
State farmer Pāmu (Landcorp) has announced a new equity partnership in an effort to support pathways to farm ownership for livestock farm operators.
OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…
OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.