Red meat rebound
The red meat sector is poised for a strong rebound this season, with export receipts forecast to top $10 billion and farm profitability to almost double.
Matt McRae, a farmer from Mokoreta in Southland who runs a sheep, beef and dairy support business alongside a sheep stud, has been elected to the Beef +Lamb NZ Board as a farmer director.
McRae received 5,104 weighted votes. Glen McDonald received 1,552 weighted votes and Simon Davies received 811 weighted votes.
B+LNZ Board Chair Kate Acland congratulated McRae, noting he is currently Chair of B+LNZ’s Southern South Island Farmer Council.
“Matt is already highly engaged with the organisation and I look forward to him bringing new ideas and energy to the Board table.
“I’d also like to thank Glen and Simon for standing for election. It’s heartening to see such a high calibre of candidates put themselves forward.”
Turnout for the director election was 15.95 percent, which is on par with comparable organisations.
Current Southern South Island farmer director Geoffrey Young is retiring at the annual meeting.
“At that time, we’ll formally farewell and thank Geoffrey for his service to the organisation. He has been a strong advocate for sheep and beef farming interests in the deep South and has brought a collaborative approach to Board discussions.”
Results of other voting – Company resolutions to increase director fees and to appoint an auditor – will follow the annual meeting on Wednesday (18 March).
Āta Regenerative is bringing international expertise to New Zealand to help farmers respond to growing soil and water challenges, as environmental monitoring identifies declining ecosystem function and reduced water-holding capacity across farms.
Yili's New Zealand businesses have reported record profits following a major organisational and strategic transformation.
Owners and lessees of certain Hino Trucks New Zealand diesel vehicles have just 10 days remaining to register or opt out of a proposed $10.9 million class action settlement.
Silver Fern Farms has successfully produced and delivered 90 tonnes of premium chilled New Zealand lamb and beef to the United Arab Emirates via airfreight.
For the first three months of 2026, new tractor deliveries saw an increase over the previous two months, resulting in year-to-date deliveries climbing to 649 units - around 5% ahead of the same period in 2025.
QU Dongyu, director-general of the Food and Agriculture Organization of the United Nations (FAO), has issued a warning saying that global fertiliser scarcity caused by disruptions in the Strait of Hormuz will lead to lower yields and tightening food supplies into 2027.

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