How farmers make spring count
OPINION: Spring is a critical season for farmers – a time when the right decisions can set the tone for productivity and profitability throughout the year.
Ballance Agri-Nutrients has confirmed a farmer rebate of $45 per tonne for the year ending 31 May 2020.
The farmer-owned fertiliser co-op has reported a profit before rebate and tax of $68.9 million.
In total, it will be returning $54 million to its farmer-shareholders.
Total sales volume for the 2020 financial year, including nutrient products, animal feeds and industrial ingredients, were 1.6 million tonnes.
Ballance says it is well positioned to support the primary sector to drive the prosperity of NZ. It says that in 2019, NZ export revenue attributable to the primary sector was over $45 billion, with about $19.8 billion of this revenue dependent on access to nitrogen fertilisers.
The co-op says that the employment of almost 74,000 people in NZ is dependent on nitrogen fertiliser.
“The 2020 financial year has been like no other, with COVID-19 and extreme weather events from floods in the south to drought in the east and north,” says Ballance chairman, David Peacocke.
“We’re entering a new era, and one thing is for sure, we can look forward to a renewed understanding of the value of the primary sector to NZ global economic future and reputation,” he says.
BNZ says it is backing aspiring dairy farmers through an innovative new initiative that helps make the first step to farm ownership or sharemilking a little easier.
LIC chief executive David Chin says meeting the revised methane reduction targets will rely on practical science, smart technology, and genuine collaboration across the sector.
Lincoln University Dairy Farm will be tweaking some management practices after an animal welfare complaint laid in mid-August, despite the Ministry for Primary Industries (MPI) investigation into the complaint finding no cause for action.
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.

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