PGW revises earnings guidance as farmer spending drops
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
PGG Wrightson clients will again have the opportunity of funding the community organisation of their choice through the annual Cash for Communities initiative which started last week and runs until May 31.
The programme will allocate $2/tonne of Ballance Agri-Nutrients fertiliser purchased and $2 for every $500 spent on selected agri-chemical or seed products to deserving community organisations. Customers have the option of nominating their local school, St John, IHC or Rescue Helicopter for funding.
Stephen Guerin, PGG Wrightson general manager rural supplies, says Cash for Communities represented a joint initiative between PGG Wrightson and a number of its committed suppliers who backed the idea of giving something directly back to the communities they served.
Last year the initiative put more than $80,000 into the hands of almost 140 rural schools, St John services, the IHC and the Christchurch Earthquake Appeal.
Guerin says PGG Wrightson would also continue its focused efforts on providing technical expertise to assist clients with their annual cropping planning through its Autumn land production programme, geared to ensuring that farmers and growers were using the right products at the right time for optimum pasture performance and results.
"The PGG Wrightson team is dedicated to providing quality forage and agronomic solutions that fit into our clients' farming business."
Clients can register and nominate their cause in-store or at www.pggwrightson.co.nz.
China’s Ambassador Wang Xiaolong says bilateral economic and trade cooperation between China and New Zealand has made significant and rapid progress.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.