Cyclone-ravaged orchardists facing balance sheet woes
Many companies are financially mortally wounded by the effects of Cyclone Gabrielle and may have to sell up because of their high debt levels.
Kohunui Station owners Todd and Donna Oliver are putting up an original painting of an Angus bull for auction at their 2023 bull sale.
Funds raised from the sale painting will be donated to help with the Cyclone Gabrielle recovery.
This original art piece was painted by Coromandel based artist Mary James, who previously lived and worked at Kohunui. It will be framed in a rustic Totara frame and will also be on display at the Tangihau bull sale.
The Olivers say they were inspired to help out with the cyclone recovery after watching Kiwi war hero and Victoria Cross recipient Willie Apiata on TV, who has raised $220,000 for cyclone-impacted communities.
Apiata has urged New Zealanders to remember the isolated East Coast communities, who are now more isolated than ever following the impact of Cyclone Gabrielle. "This is a really good cause and that's what it is all about - our people," he says. The money raised from the auction of the Angus bull painting will go to the Tairawhiti Emergency Management Fund.
Dry conditions are widespread but worse in some places, with rain and drought affecting farms just a few kilometres away.
The Government's plan to merge the seven crown institutes presents exciting possibilities for plant technology company Grasslanz Technology, says chief executive Megan Skiffington.
Agribusiness leader Rob Hewett is the new chair of listed carpet maker Bremworth.
The divestment process for Fonterra's global consumer business is gaining momentum, with the co-op meeting global fund managers this week on a potential listing of the co-operative's newly formed Mainland Group.
There are calls for the Reserve Bank to drop its banking capital rules, which Federated Farmers says is costing farmers a fortune.
Beef + Lamb New Zealand (B+LNZ) is calling on livestock farmers to take part in a survey measuring the financial impact of facial eczema (FE).
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