Court rejects Greenpeace's attempt to block green hydrogen project
An attempt by Greenpeace to block the consent of a green hydrogen project involving fertiliser co-operative Ballance has been dismissed by the Court of Appeal.
Ballance Agri-Nutrients has confirmed a farmer rebate of $45 per tonne for the year ending 31 May 2020.
The farmer-owned fertiliser co-op has reported a profit before rebate and tax of $68.9 million.
In total, it will be returning $54 million to its farmer-shareholders.
Total sales volume for the 2020 financial year, including nutrient products, animal feeds and industrial ingredients, were 1.6 million tonnes.
Ballance says it is well positioned to support the primary sector to drive the prosperity of NZ. It says that in 2019, NZ export revenue attributable to the primary sector was over $45 billion, with about $19.8 billion of this revenue dependent on access to nitrogen fertilisers.
The co-op says that the employment of almost 74,000 people in NZ is dependent on nitrogen fertiliser.
“The 2020 financial year has been like no other, with COVID-19 and extreme weather events from floods in the south to drought in the east and north,” says Ballance chairman, David Peacocke.
“We’re entering a new era, and one thing is for sure, we can look forward to a renewed understanding of the value of the primary sector to NZ global economic future and reputation,” he says.
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
OPINION: We have good friends from way back who had lived in one of our major cities for many years.
Listed Canterbury milk processor Synlait’s shares have been placed in a trading halt.
OPINION: Even before the National-led coalition came into power, India was very much at the fore of its trade agenda.
A step-by-step guide helping farmers through the process of creating a Freshwater Farm Plan (FWFP) has been launched by FarmIQ.