Flock House and its secrets
Plans are in place to celebrate the 100th anniversary of the legendary Flock House opening its doors for the first time.
The New Zealand Merino Company has posted a net profit of $1.9 million for year ending June 2014. A dividend of $950,000 has been declared.
Company chairman Ruth Richardson attributes the positive result to NZM's innovative model.
"This is a result NZM can be proud of. It highlights that our market-focused model is setting a standard that is distinctively different to any other offering.
"Our customers and shareholders can be confident that we are delivering value through our single-minded focus to have the highest standards in production, ethical standards, servicing our markets and creating customer delight".
"Through this model we have delivered major value add to growers and market partners alike".
Richardson says the board has set ambitious goals to double the value of the company in the next three years.
Chief executive John Brakenridge says the result reflected the strong partnerships and a model that continues to deliver.
"In the last 16 years we have built several key and lasting market partnerships and this year have delivered a profit after tax return of 22% on average shareholders' funds," he says.
"The success of the Merino and Mid Micron model has given us confidence to build a presence in the adjacent strong wool market."
Brakenridge also commented on the talent of the NZM team.
"We have attracted a team of capable, passionate people who have a diverse base of skills who are recognised for their leadership from wool expertise, through to market development, sales and marketing, creative, textile science, production science and environmental science and are helping us to achieve our vision".
A Taranaki dairy farmer received four-month home detention and was disqualified from overseeing of animals for 18 months over a lack of feed and welfare which led to some animals being euthanised.
Plans are in place to celebrate the 100th anniversary of the legendary Flock House opening its doors for the first time.
The mood in horticulture is cautiously optimistic, according to the chair of Horticulture NZ, Barry O'Neil.
New Zealand’s major primary industry exporters have secured shipping capability to export $160 billion worth of products over the next 10 years.
The mood in the deer industry is very positive and on an upwards trajectory.
Trade and Agriculture Minister Todd McClay says the Government is always working to ensure that our food exporters are treated fairly under trade agreements signed with other countries.