Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
ASB has expanded its rural corporate business in the South Island with the appointment of two new rural corporate managers who both bring specialised regional knowledge to their roles.
Ray Parker has joined the ASB team and will be based in Dunedin. A qualified chartered accountant, Parker is former chief executive of Tasman Agriculture, which grew to become the world's largest pastoral dairy farm owning company with farms located in the South Island and Northwest Tasmania. Parker has also been employed by Fonterra Co-op Group as GM Shareholder Services and in 2002, developed his own businesses specialising in private investment and management consultancy work with a focus on NZ's commercial and rural sectors. Parker is looking forward to working with clients on the issues facing them and developing workable solutions that best fits their needs.
Andrew McGuckin has been appointed rural corporate manager. He will be based in Christchurch, having initially joined ASB Bank in Southland in November 2000 as a rural manager before returning to Christchurch to work with agri-businesses in the North Canterbury area. With a wealth of practical farming knowledge, McGuckin has developed his family's farming property in Waipara into a vineyard and is bringing his unique North Canterbury farming and rural banking experience to his clients in Canterbury and the upper South Island.
ASB's national manager for rural corporate Richard Hegan says, "In 2008, ASB was the first bank to establish a specialist rural corporate division specifically to look after the needs of both large scale and complex farming and agri-business customers. This division is resourced with the most experienced rural bankers and support teams to ensure the delivery of high quality outcomes for our customers. We are pleased to be increasing our commitment to rural businesses by increasing specialist staff with on-the-ground rural knowledge to provide unbeatable service and support to local agri-businesses and corporate farming operations."
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.
According to a new report, the Safer Rides initiative, which offered farmers heavily discounted crush protection devices (CPDs) for quad bikes, has made a significant impact in raising awareness and action around farm vehicle safety.
OPINION: In the past weeks, much has been said and written about one of New Zealand's greatest prime ministers, James Brendan Bolger, who died just a few months after his 90th birthday.