Agri sector to lead economic recovery
OPINION: Over the past month, people up and down the country have been asking me what I think is in store for the Agri sector.
Strong leadership, good networks and being change-ready are the key ingredients to running resilient farming operations, says Westpac managing director of private wealth and insurance, Simon Power.
Power was speaking last week at the Westpac Farming Insights 2013 – Challenges, Opportunities and Resilience event, held at Vidals Winery in Hawke's Bay.
A 100-strong audience of sheep and beef farmers plus horticulturalists turned out to hear from the Associate Minister of Primary Affairs, Jo Goodhew, Beef + Lamb NZ chairman, Mike Petersen and Power.
"Most farming operations these days are sophisticated business enterprises that require strong vision, entrepreneurship and tenacity. They also require a major degree of resilience," says Power.
"Resilient farm operations look for ways to enhance competitive edge. This is a crucial factor in resilient business."
At the same event Power announced a new partnership Westpac has developed with Sir John Kirwan to host resilience-themed events for the rural community focusing on building personal resilience.
"The rural sector has faced many stresses over the past year, including the worst drought New Zealand has experienced in 70 years. Sir John Kirwan has done an incredible job of raising awareness about depression and the importance of building resilience and we know he has plenty of valuable insights to share with the rural community," says Power.
Westpac intends to hold two Rural Resilience events with Kirwan before the end of the year, and will look to hold more next year.
Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.
DairyNZ chair Tracy Brown has waded into the debate around soaring butter prices, pointing out that the demand for dairy overseas dictates the price to farmers and at the supermarket.
Farmers are welcoming new Government proposals to make farm health and safety rules more practical and grounded in real-world farming.
Missing fresh mozzarella cheese made at home in Bari, southern Italy, Massimo Lubisco and his wife Marina decided to bring a taste of home to New Zealand.
An A$2 billion bid for Fonterra's Oceania business would be great news, according to Forsyth Barr senior analyst, equities, Matt Montgomerie.
Irish meat processor Dawn Meats is set to acquire a 70% stake in Alliance Group, according to a report in The Irish Times.
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