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

 


Bigger Payout Means More Will Shop At Field Days

Bigger Payout Means More Visitors Will Head To Field Days To Shop – President


A higher dairy payout means more farmers will be spending more money at the 2013 Northland Field Days in February according to Northland Field Days president Lew Duggan.

Fonterra lifted payout predictions for the end of this season from $5.25kg/MS to $5.50kg/MS also increasing 2012-2013 season to $5.90-$6.

While he says many farmers will be keen to pay down debt that extra cash should also flow through to more spending at the Northland Field Days February 21-23.

“Farmers tend to save up big purchases for the field days to take advantage of time and money saving opportunities at the event,” says Duggan “2013 should definitely reflect that with the higher payout.”

An Enterprise Northland commissioned AUT Economic Impact Study discovered that in 2008 1250 people surveyed specifically went to the field days to buy something with spending averaging out at $738 per visitor including food and accommodation.

Duggan attributes this to specials offered up at the event and the ability to talk to a lot of retailers at the same time.

“How many other times are there in the year when a farmer will have all the dealers in one small place?” asks Duggan. “It's a huge time saving opportunity and to make matters better most dealers save up some of their best specials for this time.”

Oakleigh dairy farmer Murray Byles has been going to the Northland Field Days for the past 20 years because of the savings available and the proximity of dealers."Dealers generally offer Field Days specials out there so if I'm going to buy anything I'll do it then," says Byles. "And it's in the second half of the season when you generally know where your finances are at. Byles usually goes with something in mind, in 2011 it was a quad causmag grass seed spreader."I was able to go round everybody who had spreaders and get prices," says Byles. "If it were any other time it would have taken a couple of days but they're all there."

The Northland Field Days will be held from February 21-23 in Dargaville, two and a half hours North of Auckland. For more information call Meagan on 09 439 8998, email info@northlandfielddays.co.nz or visit the website http://www.northlandfielddays.co.nz

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news