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.
Developing truly NZ cuisine, creating innovative food products and getting up close to our customers: these were the standout themes in the KPMG Agribusiness Agenda released last week at Fieldays.
The future for New Zealand’s agri-food sector depends on us producing artisan, niche, premium quality, safe and sustainable food – as well as beverage, fibre and timber products, says KPMG’s head of global agri, Ian Proudfoot.
Consumers are constantly looking for new, innovative products and if NZ can bring diversity into the diets of consumers this will assist in securing a price premium, Proudfoot says. To succeed in a changing world, ultimately the consumer must be central to everything we do.
“There are still too many organisations in the primary sector that say they exist for their farmers, their producers. In the end, if that’s what you exist for there won’t be a market for you.”
Proudfoot claims NZ has been complacent about the food it produces, believing there will always be a market for our produce.
“Yes, there may be a market, but if people have choice they may go for something more interesting, exciting and nutritious. As a consequence, though NZ may have markets, they will not pay what they historically paid unless we change and respond -- and that’s going to take strong leadership right across the sector.”
Proudfoot says we need to stop talking about single products and talk about the larder full of quality food products NZ has to offer.
KPMG says NZ has historically focused mostly on maximising production; customer relationships have been transactional, price driven and often through an intermediary rather than through retailers or ultimate consumers. NZ’s drive to produce more is not always matched with a clear strategy on how to sell this extra production and where and at what price.
But the report authors believe that, in respect of millennial consumers, the agri food sector must understand what triggers or prevents a purchase by these new consumers.
It notes the work being done by MPI’s Economic Intelligence Unit, to gather more data on consumer habits, but it believes this might sit better in a stand-alone ‘centre of excellence’ outside government. Such a centre may then attract ‘commercial’ people who would not work in government.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
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.