LIC ends year with $30.6m profit
Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.
Foreign land ownership, food prices and super farms are all hot topics at the moment – and they all hinge on the vital importance of agriculture and land-based industries to the New Zealand economy.
Visitors to the National Agricultural Fieldays at Mystery Creek this week June 13-16 will have the opportunity to hear about these and a range of other topics at daily seminars, being held in the Premier Feature area.
The University of Waikato is in its sixth year as a strategic partner of fieldays, and the university's inaugural Chair of Agribusiness, Professor Jacqueline Rowarth will be playing a key role in delivering the Fieldays Seminar Series.
She'll be facilitating a series of panel discussions with speakers covering topics such as farm ownership, gender, ethnicity, land use, and regulations in food production -- as well as food prices.
"These are topics of interest to all New Zealanders," says Rowarth. "It's the exchange of ideas and information that is the foundation for advances in agriculture. It's also the basis of understanding."
To discuss the issues, she'll be joined by speakers including Peter Buckley of the Waikato Regional Council, Willy Leferink of Federated Farmers, and Chris Kelly of Landcorp.
Also speaking at the seminar series is population economist Professor Jacques Poot of the National Institute of Demographic and Economic Analysis, based at the University of Waikato.
Poot is examining data on population trends in rural New Zealand, and says it's a complicated picture.
He says some rural areas on the fringes of urban areas are experiencing population growth as lifestylers move in, others are benefiting from growth in the primary sector or tourism, while yet other more peripheral rural populations are hollowing out as young people leave to find work.
Sheep and beef farmers are urging the Government to do more to stop productive farmland overrun by pine trees.
Auckland’s Eventfinda Stadium saw New Zealand’s top butchers recognized at the National Butchery Awards.
According to the latest Beef + Lamb New Zealand (B+LNZ) Stock Number Survey, sheep numbers have fallen by 1% while beef cattle numbers rose by 4.4%.
Beef + Lamb New Zealand says it is seeing strong farmer interest in its newly launched nProve Beef genetics tool, with early feedback and usage insights confirming its value in helping farmers make better breeding decisions and drive genetic improvement in New Zealand's beef herd.
The Innovation Awards at June's National Fieldays showcased several new ideas, alongside previous entries that had reached commercial reality.
To assist the flower industry in reducing waste and drive up demand, Wonky Box has partnered with Burwood to create Wonky Flowers.