Krone Group Earnings Drop Despite Stable Farm Machinery Sales
While turnover was back slightly at €2.3 billion in 2024/2025 (previous year €2.4 billion), the German Krone Group saw earnings fall from €107 million to €40.1 million.
The latest Krone Comprima net wrap unit is proving its worth to Wairarapa dairy farmer Lewis Herrick by enabling him to use net-wrap or a net replacement film for the first time.
Lewis has been trialling the machine since the last baling season, tweaking the set-up of the unit to meet local conditions.
“We’ve tested in all kinds of weather, including the wind and the damp, and different crops,” he says.
“Of the 1500 bales I’ve wrapped this year I’ve used film on 500 and can see huge savings on baling time already.”
In a season dictating that feeding-out began in December, Lewis notes that film-wrapped bales are much easier to unwrap than conventional net-wrapped; the film doesn’t get caught in parts of the bale feeder as can happen with net.
Stored bales also appear to be in better condition with the film system, no doubt helped by being packed tightly, stopping air ingress and leading to less rodent or bird damage, which should all contribute to less spoilage over the longer term. Lewis believes bales will be able to stay wrapped for a couple of years.
As well as big improvements in bale quality there are also useful cost savings by using only four layers of film rather than the usual six, because the film put on in the chamber offers more protection than net. When net is required, changeover from film to net and vice versa is a simple process.
John Tulloch, of Tulloch Farm Machines, said another test rig in Southland has been seen to reduce the effect of windy conditions when the wrap is being used; he also notes that less air gets into the bales, meaning that along with less spoilage the quality of silage will improve for farmers and contractors using it.”
A partnership between Canterbury milk processor Synlait and the world's largest food producer, Nestlé, has been celebrated with a visit to a North Canterbury farm by a group including senior staff from Synlait, the Ravensdown subsidiary EcoPond, and Nestlé's Switzerland head office.
Canterbury milk processor Synlait is blaming what it calls "a perfect storm" of setbacks for a big loss in its half year result for the six months ended January 31, 2026.
More of the same please, says Federated Farmers dairy chair Karl Dean when asked about who should succeed Miles Hurrell as Fonterra chief executive.
A Waikato farmer who set up a 'tinder' for cows - using artificial intelligence to find the perfect bull for each cow - days the first-year results are better than expected.
Fonterra says it's keeping an eye on the Middle East crisis and its implications for global supply chains.
The closure of the McCain processing plant and the recent announcement of 300 job losses at Wattie’s underscore the mounting pressure facing New Zealand’s manufacturing sector, Buy NZ Made says.
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