Farmlands partners with Blackcurrent to launch FLEX for farmers
Input costs can make or break a season for farmers and electricity is one of the largest expenses.
Rural services co-operative Farmlands has posted a $9 million loss for the 2016 year.
In its annual report released late last week chairman Lachie Johnstone and chief executive Peter Reidie blame the loss on the tough year in farming.
“The highs and lows confronting the sector are well documented and Farmlands has not been immune to them, posting a $9 million loss for the year ended 30 June 2016,” they say.
So bad was the year that, as earlier reported, no bonus rebate will be paid to shareholders “because the conditions we were experiencing would not allow it”.
Johnstone says this announcement foreshadowed a full year loss, but he claims things are now improving.
“Since the end of the financial year our results suggest we are on track for a stronger 2017.”
Reidie says: “the decline in sales, required adjustment to our cost base and right sizing our organisation, after many years of growth,” became an urgent focus during the year.
The co-op says its nutrition and retail businesses were hardest hard hit.
“Decreased foot traffic in our dairy-oriented stores had a ripple effect, and some of our livestock and real estate business units were down on previous years.”
But he says there were “positive contributions” from other parts of the business, in particular grain and seed.
Two butcheries have claimed victory at the 100% New Zealand Bacon & Ham Awards for 2025.
A Taupiri farming company has been convicted and fined $52,500 in the Hamilton District Court for the unlawful discharge of dairy effluent into the environment.
The Climate Change Commission’s 2025 emissions reduction monitoring report reveals steady progress on the reduction of New Zealand’s climate pollution.
Another milestone has been reached in the fight against Mycoplasma bovis with the compensation assistance service being wound up after helping more than 1300 farmers.
The Government’s directive for state farmer Landcorp Farming (trading as Pamu) to lifts its performance is yielding results.
The move to bring bovine TB testing in-house at Ospri officially started this month, as a team of 37 skilled and experienced technicians begin work with the disease eradication agency.
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