Wednesday, 30 August 2023 14:55

Sour taste

Written by The Hound

font size decrease font size increase font size
Print
Email

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!

More like this

Seeka Posts Record $62m Profit as Zespri Lifts 2026 Forecast

More signs of a booming kiwifruit sector.

Blueberries Could Be NZ's Next $150m Horticultural Export

Blueberries have the potential to become a major horticultural export, earning up to $150 million within the next three to five years.

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities Party, labelled by some as the 'LinkedIn Greens' for their corporate spin on Green-esque 'tax the rich' policies.

UK Warning

OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in Westminster is a salient warning for us.

New Mates

OPINION: Proponents of regenerative agriculture tend to be naturally aligned with a 'green mindset', so they will be nonplussed with their new mates in the US of A.

Featured

Taniwha Station: The Bull Beef Farm Famed for Daffodils

South of the central Hawke’s Bay town of Waipukurau is Taniwha Station – a highly successful 550ha bull beef farming operation.

Catch the Rain: B+LNZ Trials Boost Soil Infiltration

Beef + Lamb NZ funded research has shown that some simple changes to pasture management could help farmers make better use of rainfall and build resilience before dry conditions hit.

Editorial: No Small Challenge

OPINION: There could hardly be a more appropriate theme for a conference than the one chosen by the red meat sector - Navigating Volatility.

Northland Firm's CPD Is Used From NZ to Antarctica

When Northland leather worker Vernon Suckling started making horse saddles 50 years ago, quad bikes and side-by-side vehicles were unheard of.

Alliance to Pay Up to $20m to Farmer-Shareholders

Alliance Group has confirmed that eligible farmer-shareholders who supply and continue to back the business will receive up to $20 million later this year, following the strategic investment partnership with Dawn Meats.

Election 2026: What Parties Promise the Primary Sector

With a general election under five weeks away, Rural News is asking major political parties about their policies and positions on key issues facing the primary sector. We will run their responses to each question over the next four weeks. The ACT Party and the Greens didn't respond in time.