Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Fieldays sales hit a record high

6 September 2004

FOR IMMEDIATE RELEASE

Fieldays sales hit a record high

Sales taken by Fieldays exhibitors reached record levels in 2004, with $131.5 million reported during the four days of the event, up 60 per cent from 2003.

Fieldays general manager Barry Quayle said farming is “on a high” – and the sales figures reflect that, compared with the $79.3 million taken during Fieldays 2003. It also exceeded the previous “during Fieldays” sales record of $123.3 million in 2001.

The 2003-04 farming year is an investment one for farmers, Mr Quayle said, with many choosing to purchase additional land to grow their farming businesses.

“In addition, there was a lot of amalgamation of farms over the past few years,” he said.

“Now, these guys have reduced their debt and their liquidity is very good.”

“With good liquidity you can look at investment and development opportunities. Which is where we’ve seen that translate into sales at Fieldays.”

The total amount of sales resulting from Fieldays reported by exhibitors both during the event, and as a result of in the months following has remained consistent – around $220 million, Mr Quayle said.

In 2004 the total sales were $219.7 million, compared with the 2003 figure of $225 million.

And while farmers experienced a healthy dairy payout prior to Fieldays, Mr Quayle said that a great dairy payout is a factor in confidence, “but it’s not the only driving force that has an impact on farmer spending.”

The figures quoted are from the 2004 Fieldays Exhibitor Survey, with 46 per cent of all exhibitors responding.

Ends.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news