Ravensdown Returns to Profit, Approves $15/Tonne Shareholder Rebate
Ravensdown has reported a net profit before tax and rebate of $50.1 million for the year ended 31 May 2026.
A Ravensdown-sponsored study by AgResearch, of highly invasive tutsan, has found there is no quick-fix when it comes to controlling and eradicating the weed.
Found throughout New Zealand, Tutsan is unpalatable to livestock but can be harmful if ingested. Like St John’s Wort, it contains hypericin, which causes photosensitisation and extreme skin sensitivity (hyperaesthesia) in sheep, cattle and horses.
In the past tutsan has been held in check by tutsan rust, but in the central North Island the plant is showing resistance to rust and spreading rapidly across hill country.
“The biggest problem with controlling tutsan at the moment is that the most effective herbicides are toxic to clover, which is counter-productive in the type of country where this weed is an issue,” says George Kerse, Ravensdown’s business manager agrochemicals.
“In the absence of other solutions such as biological control, some farms might have to use chemical controls and sacrifice clover growth, although the fact that there is no damage to grass lessens the impact,” he says. It can take 6-12 months for clover to re-establish after spraying.
Products that contain triclopyr and picloram appear to be the best available option at present, but these still require repeat treatments.
Biological control options are still being explored by the Tutsan Action Group, founded in 2011 and supported by the Sustainable Farming Fund. Tutsan Action Group chair Graham Wheeler says progress on biological controls is promising, but still a way off.
“The most important thing is that farmers need to deal with the weed as soon as it appears,” he says.
“Tutsan isn’t only a problem on poor land and if outbreaks are not dealt with as soon as possible, the weed will spread.”
The study says it is important to control isolated plants and to re-plant bare sites with more desirable, competitive species. Improving fertility can help prevent seedling growth and this needs to be supported with the application of fertiliser, oversowing with desirable species and stock grazing.
“The reality is that there is no silver bullet available at the moment which can solve the tutsan problem,” Kerse says.
“While we will continue to hope for a breakthrough biological treatment, at the present chemical control supported by sound management practices are the only option.”
A Palmerston North shearer has been sentenced to six months' community detention and 12 months' supervision after being found to have physically abused three lambs while shearing them.
Power Farming has launched a joint venture in Southland.
Food rescue charity Meet the Need has released its 2025/26 Impact Report, revealing a record year of growth alongside a stark warning: demand for food support across New Zealand is rising faster than supply can keep up.
As we move into the second half of 2026, the Tractor and Machinery Association (TAMA) reports that Year-to-Date figures ending June 30 saw new tractor deliveries hitting 1,386 units or 10.7% ahead of the same period in 2025.
The avocado sector is entering the new season with a larger crop and positive market opportunities.
New Zealand growers have always adapted to changing conditions, but one challenge is steadily gaining ground across the horticulture sector: resistance.

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