Friday, 08 December 2017 07:55

Solid year for dairy goat co-op

Written by  Sudesh Kissun

Goat farmers supplying milk to the Dairy Goat Cooperative (DGC) were paid $18.50/kgMS last year.

Speaking at the annual meeting last month, chairman Campbell Storey reported a year of strong revenue.

This grew from $177 million in 2015-16 to $193m in 2016-17; sales grew in existing and developing export markets.

“Farmer payout remained positive at $18.50/kgMS,” he said.

During the financial year DGC gained accreditation to the international FSSC22000 food safety systems certification standard.

Farmer-shareholders voted to appoint Mark Dewdney the third independent director on the DGC board. He recently retired as chief executive of PGG Wrightson, having previously worked for Fonterra and LIC.

DGC was set up in 1984 to develop, manufacture and market overseas its own-brand goat milk nutritional powders for infants and children.

It sources goat milk from its shareholder suppliers in Northland, Waikato and Taranaki.

At its Hamilton base it owns and operates all its core manufacturing processes, enabling tightly controlled production of high quality milk formula. It has at least 200 staff there.

DGC products are sold in at least 20 countries.

More like this

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Dairy sheep, goat woes mount

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

PGW feeling the pinch

Rural retailer PGG Wrightson (PGW) is feeling the impact of the current rural downturn, reporting a 40% drop in net profit to $12.7 million in the six months to December 31, 2023.

PGW's challenging half-year

The second half of 2023 gave rural retailer PGG Wrightson a challenging result, but there’s still room for positivity on the horizon, according to chief executive Stephen Guerin.

Featured

Sheep drench resistance costly

Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Hurry up and slow down!

OPINION: We have good friends from way back who had lived in one of our major cities for many years.

National

Knowing bugs means fewer drugs

A mastitis management company claims to deliver the fastest and most accurate mastitis testing available at scale for New Zealand…

Machinery & Products

AGTEK and ARGO part ways

After 12 years of representing the Landini and McCormick brands in New Zealand, Bay of Plenty-based AGTEK and the brands’…

100 years of Farmall Tractors

Returning after an enforced break, the Wheat and Wheels Rally will take place on the Lauriston -Barhill Road, North-East of…

JD unveils its latest beast

John Deere has unveiled its most powerful tractor ever, with the launch of the all new 9RX Series Tractor line-up…

Biggest Quadtrac coming to NZ!

In the biggest announcement that Case IH Australia/New Zealand has made around its tractor range, its biggest tractor is about…

» Latest Print Issues Online

The Hound

Why?

OPINION: A mate of yours truly wants to know why the beef schedule differential is now more than 45-50 cents…

Fat to cut

OPINION: Your canine crusader understands that MPI were recently in front of the Parliamentary Primary Sector Select Committee for an…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter