Ravensdown Returns to Profit, Approves $15/Tonne Shareholder Rebate
Ravensdown has reported a net profit before tax and rebate of $50.1 million for the year ended 31 May 2026.
Finance Minister Bill English says it turns out that the country is not as dependent on the dairy industry as we thought.
"We certainly benefited from its strength through 2009-10 when the dairy industry helped pull the country out of recession ," he says.
"Now we see a whole range of industries where there size is such when they grow as they are, it is taking the whole national economy forward."
English made the comments while opening the 2016 National Fieldays.
English singled out the horticulture industry and the sheep and beef industry as doing well.
He says the economy has pretty strong prospects because "it turns out we have a well balanced export sector".
"Of course there are risks out there; on any given day we can worry about whether the Chinese credit bubble will burst or whether Britain will leave the EU.
"Both of these things look a bit more likely this week than they did last week."
Halter has announced the six winners of its 2026 One Year Free competition, marking the biggest year yet for the annual award and the first time the company has expanded the field beyond its usual line-up.
For 50 years, Tasman's Mel Ewers has been helping the apple sector navigate through compliance issues and training.
The New Zealand ploughing team to the world championship in Croatia next month will be banking on borrowed equipment as they seek glory.
Just a matter of hours after Indian Prime Minister Narendra Modi's historic trip to New Zealand, the political doors in India swung wide open for Associate Minister of Agriculture, Mark Patterson, who was there to help promote our high-quality coarse wool.
A new company set up to cultivate and supply seaweed for animal methane mitigation studies believes it could be a game changer for the dairy industry.
There's strong support from the horticulture sector for the Government's plans to overhaul and streamline the Recognised Seasonal Employer (RSE) scheme.

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