Fonterra bosses’ mission to sell the $4.2b divestment plan
Fonterra chair Peter McBride, fellow directors and the management team, will front up farmer shareholders next week to explain the metrics around the proposed $4.22 billion divestment plan.
The closed tender bid process for the Gold3 licence for attracted strong participation, with over 1000 growers bidding for licence, Zespri says.
One aspect of the tender process is a good spread of hectares among growers, with 266 successful bids and an average size of bids well under 2ha for each category, it says in its Kiwiflier newsletter.
Zespri chairman Peter McBride says, "It is satisfying to see relatively broad participation in the process. The level of participation and the high median price of successful bids reflect, I believe, the strong level of confidence in the product."
The average size of the successful bid was 1.31ha for the restricted tender (for Green and Green14 conversions) and 1.77ha for the unrestricted tender.
The result indicates a good level of accessibility in the process, with just one successful bid for more than 10ha of licence. Both the restricted and unrestricted tenders were oversubscribed, and the available area was allocated to the highest priced valid bids.
The regional spread of licence allocation was concentrated in the Bay of Plenty but there were allocations also in Gisborne, Waikato, Auckland, Coromandel, Hawkes Bay and Northland.
Zespri will provide an update on the performance of Gold3 in the markets later in the season. It is expected that in November there will be sufficient information to provide the industry a clear signal regarding the potential release of Gold3 hectares
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.
According to a new report, the Safer Rides initiative, which offered farmers heavily discounted crush protection devices (CPDs) for quad bikes, has made a significant impact in raising awareness and action around farm vehicle safety.
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