Drones, AI making cattle counting a dream
PGG Wrightson has launched a new stock-counting service using drones and Artificial Intelligence (AI), which it says removes all the hassle for farmers, while achieving 99.9% accuracy.
Australian rural services company Elders has downplayed media speculation it is raising funds for a buyout of New Zealand’s largest agricultural services company PGG Wrightson (PGW).
In a statement to the Australian Stock Exchange, last week, Elders said had not made “any definitive proposal” to buy PGW.
This came after a report in The Australian newspaper that it is seeking to raise A$300 million – speculating that Elders – along with Dutch seed company Barenbrug (a corner-stone shareholder in NZ Agriseeds) – are interested in buying all or part of PGW.
However, in the ASX statement, Elders chief executive Mark Allison says the company will only make acquisitions that make compelling strategic and financial sense.
Rumours about PGW’s future have been triggered by claims that Chinese-owned Agria Corp wants to quit its 50% stake in the NZ rural services company.
Agria is being investigated by the Overseas Investment Office (OIO) for its “good character”, following its delisting from the New York Stock Exchange in 2016 after the NYSE announced it allegedly uncovered evidence a “top executive and other intermediaries” artificially inflated the company’s stock price.
PGW said it had nothing to add to a statement it made in May, that the company had been conducting a strategic review of its business, including growth opportunities, capital and balance sheet requirements, and potentially shareholding structure.
A governance group has been formed, following extensive sector consultation, to implement the recommendations from the Industry Working Group's (IWG) final report and is said to be forming a 'road map' for improving New Zealand's animal genetic gain system.
Free workshops focused on managing risk in sharefarming got underway last week.
Annual farmer gathering, the South Island Dairy Event (SIDE), is set to make history as it heads to Timaru for the first time.
Installing 400 solar panels at their Taranaki piggery and cropping operation will have significant environmental, financial and animal welfare benefits for the Stanley family.
WoolWorks, New Zealand’s largest wool-scouring company, has partnered with the Lions Club of Riverton to help raise money for much-needed repairs to the Southland town’s swimming pool.
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