MPI Hails Kiwifruit Boom as Horticulture Revenue Surges Past $9 Billion
Ministry for Primary Industries (MPI) Director General Ray Smith is giving a big shout-out to the horticulture sector, especially kiwifruit.
The Zespri averages of fruit damaged by the frost don’t paint an accurate picture of what individual growers are facing.
One long time kiwifruit business person is describing this and probably next year as the worst they can remember.
It's an unusual situation because the Zespri averages of fruit damaged by the frost don't paint an accurate picture of what individual growers are facing.
For example, while the RubyRed crops appears the worst affected, it's likely that the same grower may also have crops of Green or SunGold which could mitigate some of the financial hardship.
It would be unusual, we are told, that a grower would have just one variety.
On the other hand, some growers may have lost their entire crop while others are largely untouched.
But what kiwifruit growers are facing is a double financial whammy.
"Two years in a row - last season it was poor quality fruit and this season it's the frost," says Colin Bond.
What this means is that from now until June next year, all kiwifruit growers will have an income of sorts based on the sale of the 2021/22 crop - remembering however that the quality of this crop was soft and poor, meaning a reduced return. The impact of the frost and other factors will not surface until 2024 when growers will be paid or, in some cases, not paid for the 2022/23 harvest.
Bond says there is a risk that some orchardists will have no income 12 months from now and could face significant financial hardship.
In the meantime it's a waiting game to see if predictions are accurate or whether there is still some hope for the coming twelve months.
Fonterra’s impending exit from the Australian dairy industry is a major event but the story doesn’t change too much for farmers.
Expect greater collaboration between Massey University’s school of Agriculture and Environment and Ireland’s leading agriculture university, the University College of Dublin (UCD), in the future.
A partnership between Torere Macadamias Ltd and the Riddet Institute aims to unlock value from macadamia nuts while growing the next generation of Māori agribusiness researchers.
A new partnership between Dairy Women’s Network (DWN) and NZAgbiz aims to make evidence-based calf rearing practices accessible to all farm teams.
Despite some trying circumstances recently, the cherry season looks set to emerge on top of things.
Changed logos on shirts otherwise it will be business as usual when Fonterra’s consumer and related businesses are expected to change hands next month.