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


Ballance signs up record shareholders

Ballance signs up record shareholders

A record number of farmers from around the country have secured shareholdings in Ballance Agri-Nutrients in time to receive a rebate on their fertiliser purchased from the farm nutrient co-operative in September this year.

Ballance’s rebate and dividend in the 2013 financial year averaged a record $65 per tonne.

Nearly 1000 farmers signed up to become shareholders for the 2014 financial year which ended on 31 May.

Customers are required to sign up before the end of year cut off to be automatically eligible for a rebate payment for purchases during the year. In the rush to sign up before the year ended, some 300 new shareholders signed up in May 2014 alone.

Chairman David Peacocke said that as smaller farms become integrated into larger farming enterprises, growing the shareholder base from a shrinking number of farm owners is no small accomplishment.

“We’re hearing that customers like what our co-operative is doing, and they want to be part of it. The influx is quite a step change from prior years, and nearly double the amount of new shareholders compared to last year. Interest has certainly picked up and we think this reflects our stable financial performance over recent years and our consistent performance with rebates. For a relatively modest outlay, customers who become shareholders get access to those rebates, essentially proving an overall reduction in the fertiliser costs which are a regular item on farm budgets.”

Mr Peacocke said the low initial outlay and the ability to share up via rebates made shareholding in the co-operative easily affordable.

“We have also looked at how we can add more value to being a shareholder as part of our approach to complete farm nutrient management. In addition to rebates, for examples, our shareholders have free access to a base package of our Ag Hub online farm management system including GIS interactive farm mapping, access to farm nutrient budgets, soil tests and fertiliser plan histories, and online ordering for Ballance products. ”

Ballance’s shares are currently valued at $8.10, and are regularly reviewed with the board recommending to shareholders if revaluations reflecting the company’s performance should take place. They have been re-valued three times in the past six years, with the last increase of 60 cents voted in by shareholders at the last annual meeting in September 2013.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Sweet Health: Sugary Drinks Banned From Hospitals And Health Boards

All hospitals and DHBs are expected to kick sugary drinks out of their premises. University of Auckland researcher, Dr Gerhard Sundborn who also heads public health advocacy group “FIZZ”, says he welcomes the initiative. More>>


NASA: Evidence Of Liquid Water On Today's Mars

Using an imaging spectrometer on MRO, researchers detected signatures of hydrated minerals on slopes where mysterious streaks are seen on the Red Planet. These darkish streaks appear to ebb and flow over time. More>>


Bird Brains: Robins Can Just Be Generally Clever

Research from Victoria University of Wellington has revealed that birds may possess a ‘general intelligence’ similar to humans, with some individuals able to excel in multiple cognitive tests. More>>


Psa-V: Positive Result On Whangarei Kiwifruit Orchard

Kiwifruit Vine Health (KVH) has received a Psa-V positive test result on Hort16A and male vines on a kiwifruit orchard in Whangarei. This is the first confirmed case of Psa-V on an orchard in the Whangarei region. More>>

Regional Accents: Are Microbes The Key To Geographical Differences In Wine?

A new study of six of New Zealand’s major wine-growing regions has found that differences in flavour and aroma of wine from different areas may depend more on microbes than was previously thought. More>>


Science: AgResearch To Cut Science Staff In Areas Of 'Reduced Demand'

“We are therefore consulting with our staff from today on a proposal to reduce science staff in areas of shrinking demand. Combined with recruitment planned in areas of growing demand, this would mean a net reduction of 15 scientists and 41 technicians at AgResearch in the 2015/16 year." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news