Scales declares strong first half performance
Scales Corporation has today reported its results for the first half of the 2025 financial year, revealing what it says are outstanding results from its horticulture and logistics divisions.
THE PROSPECT of irrigation addresses some of the woes of Hawkes Bay’s annual drought, says Beef + Lamb NZ chairman Mike Petersen.
The Hawkes Bay Regional Council is developing the Ruataniwha water storage scheme, in the Tukituki river catchment, near Waipukurau.
This involves building a 90 million m3 dam which could irrigate 30,000ha. It could also be used to generate electricity.
Petersen can see the catchment from his farm but he wouldn’t benefit from it because he’s in the hill country.
Considering the years of drought such as the present one, the Ruataniwha scheme is what the district needs, he says.
“Frankly a year like this is a graphic example to naysayers of why it needs to happen. We have a district severely impacted by dry conditions. Having a 30,000ha area capable of being watered year-round is going to be a big benefit for the area.”
Petersen says history shows that where you build irrigation the dairy cows soon follow. But there are spin-offs for the wider farming community, he says.
“In this area we’ll see a focus on sheep and
beef finishers and they will see how they can integrate their operations with the irrigation. Remember we’ve got McCains and Heinz in
this part of the world, so there will be benefits for people who want to do cropping as well. It’s a massive opportunity
and dairy hasn’t got it
all its own away in this area.”
Fertiliser co-operative Ballance has written down $88 million - the full value of its Kapuni urea plant in Taranaki - from its balance sheet in the face of a looming gas shortage.
The Government and horticulture sector have unveiled a new roadmap with an aim to double horticulture farmgate returns by 2035.
Canterbury farmers and the Police Association say they are frustrated by proposed cuts to rural policing in the region.
The strain and pressure of weeks of repairing their flood-damaged properties is starting to tell on farmers and orchardists in the Tasman district.
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.
Alliance Group's proposal to sell a 65% shareholding to Ireland's Dawn Meats won't solve the red meat industry's structural problems, says former Federated Farmers meat and wool chair Toby Williams.