Archive for September, 2009

RUC changes could boost farm profitability

Farmers are hoping the switch to electronic Road User Charges (RUC) licences will lead to a reduction in farm freight transport costs. Last week the Govt announced an electronic distance recording and display system will be in place from early next year. This is expected to cut compliance costs and evasion. Transport Minister Steven Joyce […]

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Agriculture off the hook for the ETS - for now

Farmers have won some valuable breathing space with the Govt’s decision to hold off on their inclusion in the Emissions Trading Scheme until 2015. The dairy industry looks to be the biggest winner as under the Govt’s scheme, major emitting industries will face little in the way of price signals to change to lower-carbon technologies […]

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NZ Road User Charges: RUC changes could boost farm profitability

Farmers are hoping the switch to electronic Road User Charges (RUC) licences will lead to a reduction in farm freight transport costs. Last week the Govt announced an electronic distance recording and display system will be in place from early next year. This is expected to cut compliance costs and evasion. Transport Minister Steven Joyce […]

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NZ Emissions Trading: Agriculture off the hook for the ETS - for now

Farmers have won some valuable breathing space with the Govt’s decision to hold off on their inclusion in the Emissions Trading Scheme until 2015. The dairy industry looks to be the biggest winner as under the Govt’s scheme, major emitting industries will face little in the way of price signals to change to lower-carbon technologies […]

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Dairy industry restructuring: Fonterra Details Future Financial Direction

Fonterra’s farmers will be allowed to hold shares up to 120% of their production under the co-operative’s proposal to strengthen its capital structure, giving them access to ‘dry’ shares which get paid out the same as production shares. The aim is to reduce and then take redemption risk off Fonterra’s balance sheet - the hundreds […]

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Fonterra Details Future Financial Direction

Fonterra’s farmers will be allowed to hold shares up to 120% of their production under the co-operative’s proposal to strengthen its capital structure, giving them access to ‘dry’ shares which get paid out the same as production shares. The aim is to reduce and then take redemption risk off Fonterra’s balance sheet - the hundreds […]

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Palm kernel imports under threat from Greens

Dairy farmers could potentially face higher supplementary feed costs as the pressure goes on the Govt to stop palm kernel imports. The Greens are calling on the Govt and Fonterra to reduce imports of the feed, saying it is produced unsustainably and its use here is damaging NZ’s international reputation. Co-leader Russel Norman says palm […]

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Broadband breakthrough for rural New Zealand

FedFarmers believes its intensive work with the Govt is behind it announcing new targets for rural broadband at a cost of $300m which FedFarmers says will dramatically improve the prospects for growth and innovation in the rural sector. President Don Nicolson says “this is a big deal which has farmers very excited. It paves the […]

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Fonterra looks to its farmers to fund growth

Fonterra’s biggest sales job may be in convincing its farmers to accept the implications of shutting the cooperative to outside equity interests - growth will have to be funded from profits, eating into the milk suppliers’ bottom line. Profit at Fonterra has typically been an after-thought, given the focus on the milk-fat payment to farmers […]

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Bollard buys time as high kiwi hampers exports

FedFarmers didn’t get the interest rate cut it barracked for in the run up to this month’s central bank statement but Governor Alan Bollard did the best he could not to fuel the NZ dollar’s gains. By maintaining the RBNZ’s easing bias, Bollard has sent a message to the foreign exchange market not to get […]

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