Seeka Posts Record $62m Profit as Zespri Lifts 2026 Forecast
More signs of a booming kiwifruit sector.
Zespri chairman Peter McBride is challenging employers in the horticulture sector to do more for young people in the industry.
McBride told 400 people at the Bay of Plenty Young Grower of the Year competition of the need to develop young people and bring them through the industry.
It has a lot of physical assets, but the most important is people, he says.
"In developing our young people we are creating equity opportunities for them. There are models out there for encouraging our young people to become owners; [we can] and give them opportunity in our businesses either with capital or by helping them to secure loans."
McBride says with horticulture and tourism the fastest-growing industries in NZ that creates a world of opportunity for young people -- in management, post harvest, orchard management and roles in Zespri and in the horticultural services sector.
And there is also plenty of scope for people to start their own businesses, he says.
"The business environment has never been better for young people to flourish and take opportunities. Most of these come in periods of difficulty or downturn so these are also periods of high risk. But they have to take the opportunity when it comes and push the boat out and hope the water stays in the harbour."
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.