'Mea culpa'
OPINION: The Reserve Bank’s rate cut is great news, albeit a bit late, but your old mate agrees with Act leader David Seymour that the cut – with more to come – is a “multi-billion dollar mea culpa” by the RBNZ.
OPINION: A mate of yours truly has been getting quotes for new carpet in the lounge and, being a good keen man, he was looking first at wool carpet.
"Let's have wool!" he said.
He was duly quoted for "medium-quality wool carpet", $104 per square metre plus install costs.
"The carpet salesman took great delight in telling us that there are 48 ounces of wool per square yard. That's roughly 1.3kg of wool per square metre."
Based on current average crossbred prices of about $3.00/kg, our good keen man reckons the farmer's getting a bit under $4 per square metre for that $104 piece of carpet.
"Looks like wool farmers are being 'fleeced' - that's a hell of a mark up!" he said.
Rural Contractors NZ have launched a campaign today against the risks of fatigue in their industry.
The popular Surfing for Farmers programme, which gives farmers a well-earned break from life on the farm, starts its eighth season from November 5.
Milk vat manufacturer DTS is selling its dairy automation business to MilktechNZ.
Former Synlait chief executive Grant Watson says the past two years have been quite the journey.
Retiring chair Jim van der Poel has used his final AGM to announce the intention to increase the DairyNZ farmer levy for the first time in the industry-good body's 17-year history.
Not too many dairy industry leaders were keen to publicly comment on the sudden passing of former Fonterra chief executive Theo Spierings.
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