China’s new beef tariffs expected to favour New Zealand exporters
Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.
Outgoing chief executive Simon Limmer will remain involved with SFF in a strategic role in the future.
Silver Fern Farms chief executive Simon Limmer is leaving the meat company and moving into the wine sector.
Earlier this month, Limmer – previously the chief operating officer of kiwifruit company Zespri – announced that he’s standing down after five and a half years as boss of the meat processor and exporter. Last week it was revealed that Limmer will take up the chief executive role of Indevin Group, New Zealand’s largest wine company and owner of Villa Maria brand. He will take up his new role in early 2024.
SFF chair Rob Hewett says Limmer will stay in his role at SFF during the transition to a new chief executive and remain involved with the company in a strategic role in the future.
“We’re now entering into a formal process to find a replacement for Simon and I expect this will take until 2024,” Hewett added.
In a message to suppliers announcing his move, Limmer says it was time for new energy to take over the role.
“The business is in really good shape. We’ve built really good capability, have a clear direction of travel and produced some very good results in recent years,” he claimed.
“Notwithstanding the challenges we currently face. However, these are the economic realities we face and highlights just why our strategy is so important and the right one for us.”
Limmer added that he will stay involved with SFF where he ‘can add value’ and that there would be a long transition – into the new year – before a replacement was named.
Hewett described Limmer’s five and half years at the company as commendable.
“It’s a pretty short length of time when you consider how far the company has come.”
He also acknowledged the challenging times facing the company and farmers at the moment.
“What we are currently facing is tough and unprecedented in many ways, but the strategy we have adopted is validated by this,” Hewett told suppliers.
“What Simon and his team have done over the past five and a half years is ultimately going to stand Silver Fern Farms and our suppliers in good stead.”
He says the company has engaged international and local recruitment agencies in its search for a new chief executive.
“There is a good lot of New Zealanders employed offshore, as well as some really good talent internally.”
Hewett says wherever the new chief executive comes from, the process will take time and the company will be regularly updating suppliers on progress.
“I am expecting this will not be completed until early in the new year.”
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
Fonterra is boosting its butter production capacity to meet growing demand.
For the most part, dairy farmers in the Waikato, Bay of Plenty, Tairawhiti and the Manawatu appear to have not been too badly affected by recent storms across the upper North Island.
South Island dairy production is up on last year despite an unusually wet, dull and stormy summer, says DairyNZ lower South Island regional manager Jared Stockman.
Following a side-by-side rolling into a gully, Safer Farms has issued a new Safety Alert.
Coming in at a year-end total at 3088 units, a rise of around 10% over the 2806 total for 2024, the signs are that the New Zealand farm machinery industry is turning the corner after a difficult couple of years.