Two Major NZ Dairy Deals Completed
Two major acquisitions in the New Zealand dairy sector were completed this week.
Fonterra has won its battle to get a limit on how long other large independent milk processors are entitled to access Fonterra milk.
Large processors who also buy milk directly from farmers will get a three-season limit for accessing regulated milk, the Government has decided.
Primary Industries Minister David Carter announced amendments to the Raw Milk Regulations, the rules by which independent milk processors can access raw milk from Fonterra.
The key amendments are:
• Large independent processors who collect a significant quantity of milk directly from farmers will have a three-season limit for accessing regulated milk;
• The total quantity of milk available under the Raw Milk Regulations will be set at approximately 5% of Fonterra's milk supply, as provided for in the legislation;
• A range of maximum quantities will apply to processors accessing milk under the Raw Milk Regulations in different months of the season to reflect the seasonal nature of milk production;
• Processors who do not take much, or any milk, directly from farmers will be able to pay a fixed price for milk accessed under the Raw Milk Regulations and will not be subject to the "wash-up" process at the end of the season.
"The regulations ensure dairy processors can access raw milk when they are starting up and aim to support competition in domestic dairy products," Carter says.
"The changes follow an extensive consultation and review process on how best to achieve a fair and efficient dairy market in New Zealand."
Carter says the new regulations will take effect on the first day of the next dairy season, from June 1, 2013.
While the District Field Days brought with it a welcome dose of sunshine, it also attracted a significant cohort of sitting members from the Beehive – as one might expect in an election year.
Irish Minister of State of Agriculture, Noel Grealish was in New Zealand recently for an official visit.
While not all sibling rivalries come to blows, one headline event at the recent New Zealand Rural Games held in Palmerston North certainly did, when reigning World Champion Jack Jordan was denied the opportunity of defending his world title in Europe later this year, after being beaten by his big brother’s superior axle blows, at the Stihl Timbersports Nationals.
AgriZeroNZ has invested $5.1 million in Australian company Rumin8 to accelerate development of its methane-reducing products for cattle and bring them to New Zealand.
Farmers want more direct, accurate information about both fuel and fertiliser supply.
A bull on a freight plane sounds like the start of a joke, but for Ian Bryant, it is a fond memory of days gone by.
OPINION: Who will replace Miles Hurrell as Fonterra's next CEO?
OPINION: Governments all over the world are dealing with the fuel crisis.