fbpx
Print this page
Wednesday, 08 May 2024 15:55

Wrong, again!

Written by  The Hound

OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour Agriculture Minister Damian O’Connor when Chineseowned Yili took over the troubled dairy company Westland Milk a few years back.

O’Connor claimed it would be end of the world and West Coast dairy farmers would be the losers.

However, it seems – like his election result last October – the only loser in this case is O’Connor.

The company recently notched up its second impressive annual result in a row, with a 43.7% lift in net profit to $55.9 million in 2023.

It was also above 2022’s $38.9m record-breaking result and a $120m rebound from 2021.

Since Yili bought the once troubled company in 2019, former shareholder farmers have not only had record profits but also received a cash payment of $3.41 a share and a 10-year guaranteed competitive milk payout.

More like this

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities Party, labelled by some as the 'LinkedIn Greens' for their corporate spin on Green-esque 'tax the rich' policies.

UK Warning

OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in Westminster is a salient warning for us.

New Mates

OPINION: Proponents of regenerative agriculture tend to be naturally aligned with a 'green mindset', so they will be nonplussed with their new mates in the US of A.

Levy Scrutiny

OPINION: Mike Chapman, former chief executive of levy-funded HortNZ, has thrown out a challenge to farmers and growers to put their levy-funded industry organisations under the same scrutiny as fertiliser, electricity, labour and freight.

True Reflection?

A fair question has been raised about how member-funded organisations should conduct themselves when taking a public position on any given issue.

Featured

Taupiri Farmers Chase Ownership After Awards Success

For Taupiri dairy farmers Logan and Sian Dawson, their involvement in the NZ Dairy Industry Awards has been a key catalyst in the growth of their business - the experience helping shape how they approach the farm ownership pathway they are pursuing today.

Ballance Urges Farmers to Plan Ahead for El Niño

With forecasters advising El Niño conditions will develop through winter and strengthen into spring and summer, Ballance Agri-Nutrients is encouraging farmers and growers to think ahead about nutrient planning and be prepared to work around challenging weather conditions.

National

Machinery & Products