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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!
Zespri says it welcomes the recently signed Western Bay of Plenty Regional Deal, describing it as an important step towards supporting growth in the region and for New Zealand's kiwifruit industry.
Zespri has unveiled Grown for Good, a refreshed global brand platform, in an effort to reinforce the company's commitment to nutrition and creating value across the kiwifruit industry.
Despite the ongoing bad news on the geopolitical front, New Zealand kiwifruit growers may be in for a good payout.
More than five million trays, or 18,000 tonnes, of Zespri’s RubyRed Kiwifruit will soon be available for consumers across 16 markets this season.
Good news for kiwifruit growers - a record crop with forecast per hectare returns at record levels for all fruit categories for the 2025-26 season.
A move to boost farmer uptake of low methane emitting sheep is underway.
Silver Fern Farms has tackled the ongoing war-induced shipping challenges to mideast markets by airlifting 90 tonnes of chilled New Zealand lamb and beef to the United Arab Emirates.
The primary sector is leading New Zealand's economic recovery, according to economist and researcher Cameron Bagrie.
Dairy industry leader Jim van der Poel didn't make much of the invitation he received to the recent New Zealand Dairy Industry Awards in Rotorua.
Farmers around the country are going public big time, demanding their local district, city and regional councils come up with amalgamation plans that meet the needs of rural communities and don't allow urban councils to dominate.
The battle for the rural vote is on and parties are securing high profile names to try and bolster their chances at the general election.
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