Seeka Posts Record $62m Profit as Zespri Lifts 2026 Forecast
More signs of a booming kiwifruit sector.
OPINION: Sour taste Your old mate suggests the country’s struggling kiwifruit growers will find the latest pay increases to executives at Zespri very hard to swallow.
According to the kiwifruit marketer, the $10 million increase payments to employees - in a year when the kiwifruit marketer’s net profit fell by nearly 34% - is due to the company ‘keeping on top of its game’.
The kiwifruit exporter’s annual report for 2023 shows employee remuneration and benefits rose nearly 7% from $140.6m to $150.3m, while net profit after taxation fell to $238.7m from $361.5m in FY22.
Net profit before tax was $331.2m in FY23 compared to $505.1m the previous financial year.
It looks like chief executive Dan Mathieson got a pay rise.
The report shows the top earner in the company had a total remuneration and benefits range of $1.990m-$1.999m compared to $1.880m-$1.889m in FY22. All right for some!
Farms across the upper North Island are trialling different pasture mixes as part of a research programme that aims to build greater resilience into farming systems.
Election years are always a concerning time for farmers, according to DairyNZ chair Tracy Brown.
The Ballance Farm Environment Awards are coming to the West Coast of the South Island.
Most dairy regions around the country have had a pretty good season so far says Tracy Brown.
Rural leader Mark Hooper has been appointed as an independent director to the NZPork board, bringing extensive farming, governance and advocacy experience to the role.

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