PGW revises earnings guidance as farmer spending drops
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
PGG Wrightson has recommitted to continuing its support for the IHC Calf & Rural Scheme.
"This is a partnership that has flourished over four decades and continues to make a significant difference in the lives of some of New Zealand's most vulnerable individuals and their families," says Peter Newbold, general manager of PGG Wrightson Livestock.
He says PGW has recently renewed its sponsorship for the IHC Calf & Rural Scheme, committing to another three years.
"This renewal extends the legacy relationship with the IHC to a remarkable span of at least 44 years," Newbold explains. "Such commitment showcases a dedication to creating positive change that stands the test of time."
Launched in 1982, the IHC Calf & Rural Scheme has grown to be one of New Zealand's most successful charitable programs.
"Through the years, this rural donation scheme has raised over $41 million for IHC, funds that have made a transformative impact on the lives of those it serves," Newbold adds. "We're proud of our long assocaition with this fantastic cause."
The Rural Change programme, providing free private mental health professional sessions to the rural industry, is set to continue its next chapter within Rural Support Trust from 1 July 2024.
Beef + Lamb New Zealand chief executive Sam McIvor will step down in July.
A new report shows farm employers across the dairy, sheep and beef, and arable sectors have continued to invest strongly in one of their greatest assets – their staff.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
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