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.
Irrigation New Zealand chief executive Vanessa Winning is stepping down after four years in the role.
The search for her replacement is underway and IrrigationNZ has advertised the vacancy. It says the CEO will build and maintain strong, mutually beneficial relationships with members, stakeholders and government, and actively seek opportunities to collaborate with other aligned sector organisations to deliver the best outcomes for the irrigation sector in New Zealand.
IrrigationNZ represents over 4500 members nationally, including irrigation schemes, individual irrigators, and the irrigation service sector.
"Our irrigator members include a wide range of farmers and growers: sheep and beef, dairy and cropping farmers, horticulturalists, winegrowers, as well as sports and recreational facilities and councils," it says.
"We also represent over 120 irrigation service industry members - manufacturers, distributors, irrigation design and install companies, and irrigation decision support services for both freshwater and effluent irrigation. We are a voluntary-membership, not-for-profit organisation whose vision is water to nourish our community, environment, and economy."
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
Farmers are being encouraged to take a closer look at the refrigerants running inside their on-farm systems, as international and domestic pressure continues to build on high global warming potential (GWP) 400-series refrigerants.
As expected, Fonterra has lifted its 2025-26 forecast farmgate milk price mid-point to $9.50/kgMS.
Bovonic says a return on investment study has found its automated mastitis detection technology, QuadSense, is delivering financial, labour, and animal-health benefits on New Zealand dairy farms worth an estimated $29,547 per season.

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