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


Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Science Awards: NZAS Celebrate NZ Scientific Achievements

The Marsden Medal is awarded for a lifetime of outstanding service to the cause or profession of science, in recognition of service rendered to the cause or profession of science in the widest connotation of the phrase. This year’s medal is awarded to Dr Mike Andrews. More>>


Court Rules: Affco 'Unlawfully' Locked Out Meat Workers

The note says the full court found for the plaintiffs, "that is that the defendant locked out the second plaintiffs unlawfully and that it breached s 32 of the Act by acting otherwise than in good faith towards the plaintiffs while collective bargaining was still going on." More>>


New Bill Introduced: GST On Online Services

These measures are an important first step in the Government’s efforts to deal with increasing volumes of online services and other intangibles purchased from overseas suppliers that should, under New Zealand’s tax rules, be subject to GST. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news