Reliable irrigation crucial to hort sector
Horticulture New Zealand (HortNZ) says access to reliable irrigation water is essential for a thriving horticultural sector.
Amuri Irrigation Company (AIC) is formally seeking farmer investment in a $79 million, 7000 - 9000ha piped irrigation scheme for the Hawarden basin area, south of the Hurunui River in North Canterbury.
AIC has issued a product disclosure statement (PDS) for shares to fund the proposed Hurunui Irrigation Scheme.
The share offer is now open and will close on July 26. The company aims to raise $42 - 49 million of equity and to fund the rest by $30m of debt.
The scheme would take water from a proposed intake on the south bank of the river and distribute it to shareholding farmers through 100km of pipeline.
This is the area where the now defunct Hurunui Water Project would have operated. Having failed last year to garner the required farmer support for its scheme, HWP accepted a takeover offer from Amuri.
Chief executive Andrew Barton says AIC had offered to buy HWP’s water consents but a full takeover proved the easiest and neatest way to acquire them. As of May 31 the two companies have formally amalgamated under the AIC name.
AIC, which already irrigates 28,000ha north of the Hurunui, says the proposed scheme is a smaller alternative to the HWP proposal. The company says it has talked with local farmers and believes a smaller scheme is viable.
AIC says the area has been drought hit over recent years and an irrigation scheme would bring opportunity and certainty to its farmers.
“The offer of shares... is the culmination of a lot of hard work by the community over many years,” AIC chair David Croft says. “In the last year, AIC has taken on the mantle to shape a viable proposal for irrigation and is now pleased to present this opportunity to local farmers.”
He says a smaller scheme also reduces the risk of effects on water quality.
“Farmers will typically irrigate less than half of their farms, making irrigation viable for existing sheep and beef farmers. The resource consents for operating the scheme have strict conditions to mitigate the environmental effects of the proposal.”
AIC says it takes its environmental responsibilities seriously and any new irrigators will be subject to the same stringent requirements as existing shareholders.
“AIC ensures that all its farmers hold farm environment plans (FEPs) and new irrigators will need to use efficient irrigation systems and have FEPs in place prior to getting any water. FEPs specify the on farm actions to meet good management practice.”
Dawn Meats is set to increase its proposed investment in Alliance Group by up to $25 million following stronger than forecast year-end results by Alliance.
A day after the ouster of PGG Wrightson’s chair and his deputy, the listed rural trader’s board has appointed John Nichol as the new independent chair.
Tributes are pouring in from across the political divide for former Prime Minister Jim Bolger who passed away, aged 90.
The iconic services building at National Fieldays' Mystery Creek site will be demolished to make way for a "contemporary replacement that better serves the needs of both the community and event organisers," says board chair Jenni Vernon.
Agri advisor Perrin Ag says its graduate recruitment programme continues to bring new talent into the agricultural sector.
Entries are open for the 2026 New Zealand Dairy Industry Awards (NZDIA).
OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…
OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…