MEATY MATTERS ARCHIVES

MEATY MATTERS: Co-op model not ideal for all

Co-operatives emerged in the 19th century as an important business structure designed to protect the interests of a group of members, based on the principle of equitable distribution of benefits related to use or supply.

A&P Show over for another year

What a relief – the Warkworth A&P Show took place last Saturday, closely following the horrendous terrorist attack on Muslims in Christchurch, without adverse weather, traffic jams or any other problems.

MEATY MATTERS: The signals are clear enough

Every business has to find an appropriate balance between long and short term planning and farming is no exception. 

But, given farmers are very capable of planning and implementing their annual farm strategy, the long term offers the greater challenge. 

MEATY MATTERS: High-value exports need assurance

Since its start date of July 1 2017 the New Zealand Farm Assurance Programme has generated a high uptake by processors and producers with a significant level of success. 

According to Red Meat Profit Partnership project manager Pat Turton nearly 3000 farms are registered and more than 80% of them have already been audited. 

MEATY MATTERS: No need to panic over Brexit

In spite of the fast-approaching deadline of March 29 when Britain is due to leave the European Union, not to mention the latest shipment date able to meet that deadline, there might be no need to get too concerned.

MEATY MATTERS: Pace of change getting quicker

Perhaps it’s my advancing age but it seems as though the changes facing agriculture demand ever faster reactions and responses to stay ahead or even just to keep pace with a whole series of challenges: public expectation, government regulation, consumer tastes, changing climate patterns and new technologies as well as the usual ones like finances, human resources and health pressures, both physical and mental.

MEATY MATTERS: Alliance puts spin on poor result

It was a profit but, as Alliance chairman Murray Taggart said “We don’t budget to make $8 million on turnover of $1.8 billion”.

The just-announced 2018 result compared with the previous year’s operating profit of $20.2m though after pool payments the 2017 profit was only 11% higher than this year’s. 

MEATY MATTERS: Structure kills Fonterra growth

Fonterra's trials and tribulations have led to a rising crescendo of criticism of the co-operative’s performance since the release of the 2018 annual report. 

Declining share value and dividend payments, fluctuating milk price, inadequate return on capital, failure to match international and domestic competitors’ financial performance, failed investments, rising debt ratio and overpaid staff are the most notable criticisms.