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."
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.

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