KiwiBrothersTM make their China debut
Zespri has unveiled the award-winning KiwiBrothersTM mascots in China for the first time to market its large kiwifruit crop.
Demand will rise for existing kiwifruit orchards as a result of Zespri granting its annual quota of new licences for the gold kiwifruit variety, claims a rural property salesman.
Stan Robb, of PGG Wrightson Real Estate, Te Puke, says demand for the licences has been keen.
“Zespri [says licences for] 700ha of gold kiwifruit and 50ha of organic gold have been issued for the 2019-20 growing season,” Robb says.
“With a total of 750ha of licences available, applications totalled 1848ha, so the offer was almost 2.5 times oversubscribed.”
About 54% of the allocated licences are for new developments. Growers paid a median price for the licences of $290,000+gst/ha.
“Many growers, in particular the larger ones, were planning to add to their current operations. But it appears that most of the new licences have gone to smaller developments,” Robb says.
“Those larger operators are growing green kiwifruit, planning to cut them over and graft the vines with the gold variety. Clearly, as they have not been granted licences, they will need to wait another 12 months to implement their plans and will likely bid higher to secure the 2020 licences.”
Premium orchards already growing gold kiwifruit are now selling for $1.2 million per canopy hectare, while high producing green kiwifruit properties are selling as high as $500,000 per canopy hectare.
Depending on locality, bare land blocks suitable for kiwifruit in Bay of Plenty are valued from $200,000 per hectare.
Robb says the unsatisfied demand for gold kiwifruit licences will hold the price for existing orchards.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
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