Cheyne Gillooly appointed CEO of NZ Young Farmers
This morning, NZ Young Farmers (NZYF) has announced that Cheyne Gillooly will take over as its chief executive in June.
PGG Wrightson (PGW) chief executive Stephen Guerin says that while there are positive signals within the market, there are also challenges.
Last month, the rural retailer released its half-year results, revealing that the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 13% and net profit after tax (NPAT) jumped up 25%.
The result improves upon the 2024 full-year result released in July which saw NPAT drop to $3.1 million and EBIDTA drop by 17%.
Guerin says that there have been some significant highs for the company in the past six months.
“For us, it’s playing out in a couple of ways,” he told Rural News. He says that in the past six months, PGW’s real estate arm has sold several farm properties valued at over $10 million.
This, Guerin says, shows that farmers are seeing different opportunities available to them. “We’re working our way through some changes in our livestock saleyard footprint. We’ve sold two saleyards in that regard so that’s contributed to our cash.”
Guerin says that the current higher commodity prices – like with the rising farmgate milk price – are improving optimism across the sector.
Healthcare appears to be the big winner in this year's budget as agriculture and environment miss out.
OPINION: Foreign policy is a real strength of Winston Peter and this is recognised by Ministry for Foreign Affairs and Trade (MFAT) officials who, so the story goes, wanted him in his present role because of his experience in that field.
DairyNZ subsidiary New Zealand Animal Evaluation (NZAEL) will update the genetic base used to calculate Breeding Worth (BW) next month.
Ruralco has donated $10,000 to the Mid Canterbury Rural Support Trust following a recent fundraising golf tournament.
Nominations are open for three positions on the Horticulture New Zealand (HortNZ) board.
Lydia Goodman has been crowned the Central Otago 2025 Young Grower of the Year regional winner.
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