Dairy sector profit still on the table, but margin gap tightens
DairyNZ’s latest Econ Tracker update shows most farms will still finish the season in a positive position, although the gap has narrowed compared with early season expectations.
Waikato farmer Jim van der Poel has been re-elected chairman of DairyNZ.
Following the board elections and annual general meeting this month, the board met to follow standard process and elect the chair.
The DairyNZ board comprises five farmer-elected directors along with three board-appointed directors. Van der Poel was re-elected to the board for another three-year term this month while South Island farmer Cameron Henderson was elected to replace Colin Glass, who has retired.</p.
Van der Poel and his wife Sue live in Ngahinapouri and have farming interests in Waikato, Southland, Canterbury, and the US.
He has previously served on Fonterra’s board and was an inaugural director on the Fonterra Shareholders Fund and has won a number of industry awards including the AC Cameron Award, 2002 Nuffield Scholarship, Sharemilker of the Year and Dairy Exporter Primary Performer Award.
Horticulture New Zealand (HortNZ) says a new report projects strong export growth for New Zealand's horticulture sector highlights the industry's increasing contribution to the national economy.
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
T&G Global says its 2025 New Zealand apple season has delivered higher returns for growers, reflecting strong global consumer demand and pricing across its Envy and Jazz apple brands.
New Zealand's primary sector is set to reach a record $62 billion in food and fibre exports next year.
A new levying body, currently with the working title of NZWool, has been proposed to secure the future of New Zealand's strong wool sector.
The most talked about, economically transformational pieces of legislation in a generation have finally begun their journey into the statute books.