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 the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.

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