Organic dairy co-op files for liquidation
A co-operative touted as New Zealand's only 100% farmer-owned organic milk producer has gone bust.
More evidence - if it was needed - that farming sector confidence is on the wane, burdened down by increasing red tape and workforce shortages.
This comes in KPMG's latest Agribusiness Agenda, released at this month's Fieldays, which says New Zealand's role in a global "food renaissance" could be hampered by Covid-19 fatigue and sweeping regulatory changes.
KPMG global head of agribusiness Ian Proudfood said morale in the sector had slumped over the past year, with industry leaders struggling under the pressure. The report highlights how agribusiness morale has falled steeply in the past year as the pressures of labour shortages, shipping challenges and the unprecedented speed of regulatory change sap the strength of the sector.
"We could sense anger during our conversations, particularly in relation to the labour shortages the sector faces."
Proudfoot said for the first time in the report's history, it reflected tangible concerns over the part New Zealand organisations would play in the futureor the global agrifood sector.
"Each new rule brings new compliance and reporting requirements and often requires changes to core systems," he says. "The point was made that it is the breadth of change that is stretching many organisations. In addition to this, the Climate Change Commission's final advice on faming has also presented pressure for the sector to do its part, or even to do the heavy lifting for New Zealand."
Proudfoot added that the practical challenges caused by Covid-19, including shipping delays and labour shortages, were also adding pressure on an already stretched sector.
He says the pace of change is stretching many organisations, bringing added compliance and reporting requirements.
"Our conversations saw a simple request to the Government: 'Please ensure that work is coordinated across agencies so that consultation occurs, and regulations are drafted, in a way that reduces the burden placed on executive time'."
Meanwhile, the report also warns that while New Zealand's agribusiness sector is in a good position - it is not going to be good forever.
Proudfoot says organisations need to act now and leverage our current reputation to secure a "place at the table before our invitation to join the global food renaissance expires".
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.