LIC ends year with $30.6m profit
Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.
Foreign land ownership, food prices and super farms are all hot topics at the moment – and they all hinge on the vital importance of agriculture and land-based industries to the New Zealand economy.
Visitors to the National Agricultural Fieldays at Mystery Creek this week June 13-16 will have the opportunity to hear about these and a range of other topics at daily seminars, being held in the Premier Feature area.
The University of Waikato is in its sixth year as a strategic partner of fieldays, and the university's inaugural Chair of Agribusiness, Professor Jacqueline Rowarth will be playing a key role in delivering the Fieldays Seminar Series.
She'll be facilitating a series of panel discussions with speakers covering topics such as farm ownership, gender, ethnicity, land use, and regulations in food production -- as well as food prices.
"These are topics of interest to all New Zealanders," says Rowarth. "It's the exchange of ideas and information that is the foundation for advances in agriculture. It's also the basis of understanding."
To discuss the issues, she'll be joined by speakers including Peter Buckley of the Waikato Regional Council, Willy Leferink of Federated Farmers, and Chris Kelly of Landcorp.
Also speaking at the seminar series is population economist Professor Jacques Poot of the National Institute of Demographic and Economic Analysis, based at the University of Waikato.
Poot is examining data on population trends in rural New Zealand, and says it's a complicated picture.
He says some rural areas on the fringes of urban areas are experiencing population growth as lifestylers move in, others are benefiting from growth in the primary sector or tourism, while yet other more peripheral rural populations are hollowing out as young people leave to find work.
Alliance has announced a series of capital raise roadshow event, starting on 29 September in Tuatapere, Southland.
State farmer Pāmu (Landcorp) has announced a new equity partnership in an effort to support pathways to farm ownership for livestock farm operators.
Following a recent overweight incursion that saw a Mid-Canterbury contractor cop a $12,150 fine, the rural contracting industry is calling time on what they consider to be outdated and unworkable regulations regarding weight and dimensions that they say are impeding their businesses.
Trade Minister Todd McClay says his officials plan to meet their US counterparts every month from now on to better understand how the 15% tariff issue there will play out, and try and get some certainty there for our exporters about the future.
Brett Wotton, an Eastern Bay of Plenty kiwifruit grower and harvest contractor, has won the 2025 Kiwifruit Innovation Award for his work to support lifting fruit quality across the industry.
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