Hard work and brain power

A family that works as a tight-knit team are the Waikato’s top dairy business – Fritha Tagg reports.

Farm facts

Owners: Riddings Farm, Chris and Jude Stacey and Richard Stacey

Location: Te Awamutu, Waikato

Size:  240ha, 155ha milking platform, 40ha native bush, 45ha young stock block

Cows: 430 crossbred

Production: 2016-2017 174,000kg MS, 2017-18 173,000kg MS 

Target:  2018-2019 185,000kg MS

French plan to copy Kiwi dairy

French dairy farmers are gearing up for an expansion of output over the next few years with the success of New Zealand’s milk production system being used to guide and inspire the next generation of producers.

New man for Fonterrra Brands job

Fonterra has appointed experienced fast-moving consumer goods executive Brett Henshaw to run Fonterra Brands New Zealand.

He is managing director of Griffin’s Food Company and won’t begin at Fonterra until the first week of December.

Time nigh for big Fonterra shrink

Investors in Fonterra Shareholders’ Fund units have to be patient and cautious but Fonterra’s 2018 results mark a change in direction and approach, First New Zealand Capital research head Arie Dekker says.

Synlait doubles its profit

Synlait Milk nearly doubled its annual profit on a near 16% increase in sales.

An increase in high-value finished infant formula sales – making up 28% of total sales, up from 13% a year earlier – drove the gains.

Dairy prices fall as supply lifts

Dairy product prices fell at the Global Dairy Trade auction as whole milk powder continued its slide amid increased supply.

Breeding worth follows the money

Dairy farmers might need to re-evaluate their semen orders for the artificial insemination programme ahead because the breeding worth of bulls has been substantially altered for 2019.

With much higher butter fat prices in world dairy markets Jersey bulls have gone up in BW by $23 on average while Holstein Friesian bulls have gone down by $28.

Sharebroker predicts another low dividend

Fonterra might pay another dividend of just 10c a share to unit holders in the NZX-listed Fonterra Shareholders Fund on this year’s earnings, sharebroking firm Forsyth Barr predicts.

The group’s historic earnings volatility mean it remains difficult to have confidence in the near-term earnings outlook.