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

 

On the way to reaching T150

16 October 2008

On the way to reaching T150

Sheep farmers may be well on the way to reaching Federated Farmers' T150 goal after a new partners' programme called Backbone(tm) was announced by Silver Fern Farms today.

Meat & Fibre chairman, Bruce Wills says he is extremely encouraged by the new integrated supply chain that focuses on the three areas that its T150 campaign said needed to change.

"Federated Farmers said those proposing change should ask themselves, "How will this initiative help reach the $150 lamb target?" It is great to see a processor has taken this seriously and moved to make the changes needed.

In its new proposal Silver Fern Farms shows:

* Commitment to supply for growers and processors.

* Incentives to supply livestock outside peak processing season.

* The move to heavier lambs.

"Silver Fern Farms must be congratulated. I have reviewed the figures and with this proposal farmers are looking at $90 to $110 for a "19kg Euro lamb" for next season. We are well on the way to reaching our $150 target. This is very good news.

"Federated Farmers has only just launched the T150 programme, and some have felt uncomfortable with such a 'highly aspirational figure'. We said $150 would not be an easy target to meet but heads needed to be lifted to sight a target that is tangible, inspirational and achievable.

"There is much more that needs to be done throughout the industry to achieve better and more sustainable returns to growers but this is certainly a good start."

"The Silver Fern Farms' new supply programme is certainly encouraging. Farmers now have their part to play. We need to commit to supply contracts and spread our selling season," Mr Wills said.

Read more on T150 >

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: