Red meat rebound
The red meat sector is poised for a strong rebound this season, with export receipts forecast to top $10 billion and farm profitability to almost double.
Beef + Lamb New Zealand wants changes made to the stock exclusion regulations the Government introduced in August 2020 - specifically the low-slope map.
"Our position has been clear all along - we want the inaccurate low-slope map to be deleted and replaced with a general rule that regional councils would be empowered to give effect to," BLNZ chief executive Sam McIvor says.
The Government's current low-slope map identifies thousands of hectares of steep land as low-slope which therefore is required to be fenced. "Tinkering around the edges of the unworkable and inaccurate national-scale map won't get the right outcomes - we need regional approaches."
McIvor says the Government's decision to support an industry-led Intensive Winter Grazing (IWG) module to farm plans in the coming year and to delay the implementation of the winter grazing rules shows that arbitrary rules are not the right approach. "We have been very clear that farmers need workable and relevant rules and have been advocating for effects-based approaches at the paddock scale to both IWG and to stock exclusion, delivered through effective farm planning."
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.
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