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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!
New Zealand's kiwifruit industry has welcomed Government co-investment in a new five-year programme designed to help growers produce higher yields of premium fruit, with less water, fewer nutrients and reduced environmental impact.
Zespri's sales of kiwifruit for the 2025 season have broken all past records.
Zespri says its global fruit sales revenue has reached a record NZ$5.9 billion from sales of 248.1 million trays.
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.
Joshua Irving has been named the 2026 Ormond Nurseries North Canterbury Young Viticulturist of the Year.
Vets say they support the responsible use of virtual fencing and virtual herding technology for cattle and wants to work with farmers, manufacturers and government to help shape standards for future use backed by ongoing research to strengthen animal welfare outcomes.
National and world records tumbled as top Kiwi axeman claimed two Stihl Timbersports world titles at the same event in Budapest, Hungary over the first weekend in June.
A safety push across New Zealand has revealed significant gaps in hazardous substances management, farm vehicles, tractors, quad bikes and side-by-sides.
New Zealand farmers have earned a global edge by consistently yet cautiously taking advantage of emerging agri-technology.
New season data from LIC shows a strong reproductive performance for the 2025-26 season, with a lift in key metrics compared to last season.
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