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

 

Southern Dairy Hub Great Farmer Investment


Southern Dairy Hub Great Farmer Investment


The Southern Dairy Hub is an excellent investment for southern dairy farmers, as every dollar invested automatically delivers a $6 return.

That’s the view of Hedgehope dairy farmer Nigel Johnston, who has pledged his support for the Hub proposal and considers it a good investment for his farm business for a number of reasons.

“We need some decent science around what’s happening specifically in Southland and especially around nutrient management. A collective approach to that – like what’s being proposed with the Hub – is critical.”

Mr Johnston says the Hub will also ensure the future sustainability of dairying in the region.

“I held a local farmer meeting at my place and the general feeling was that the Hub is almost a bit grandiose, but when it’s explained as to why and how it is future proofing the southern dairy industry, they get it.”

He says it is also an excellent investment.

“For every dollar we put in there’s at least a $6 return due to the investment also being made by DairyNZ, AgResearch and the Southern Dairy Development Trust (SDDT) through the Southland Demonstration Farm.”

The SDDT trustees, who are backing the Hub concept, have less than three weeks left to get southern dairy farmers to pledge their financial support towards the proposal.

SDDT Chair Matthew Richards says there is widespread support for the proposal with quite a few farmers intending to pledge but just haven’t filled out the form.

“We want farmers to look at the big picture and, like Nigel, recognise the excellent value of the investment we are asking them to make. There are a heap of farmers out there who we know are keen to pledge, but just haven’t done it yet. We need them to get online and pledge before it’s too late.”

The SDDT has a deadline of April 30 to raise the $2 million local farmer contribution needed. DairyNZ and AgResearch are both prepared to invest $5 million, and the SDDT expects to contribute about $2.5 million in cash when the Southland Demonstration Farm lease runs out. The remainder of the Hub will be funded through debt.

The Hub aims to be an innovation centre where ideas and concepts are tested that will benefit southern dairy farmers. The 300-380ha farm Hub will undertake comparative research in a commercial environment, with four herds of about 200 cows each. It will also house education and learning facilities and provide space for community groups and farmers to meet.

As of April 13, over 266 farmers have pledged with more than $670,000 in donations towards the proposal.

Ends.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

DIY Law: Government Exempts Some Home Improvements From Costly Consents

Homeowners, builders and DIYers will soon have an easier time making basic home improvements as the Government scraps the need for consents for low-risk building work such as sleep-outs, sheds and carports – allowing the construction sector ... More>>

ALSO:

Media Awards: The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards

The New Zealand Herald has been labelled a “powerhouse news operation” as it claims the two biggest prizes – Newspaper of the Year and Website of the Year – along with many individual awards at the 2020 Voyager Media Awards Website of the ... More>>

ALSO:

ASB Bank: ASB Takes The Lead Again With New Low Home Loan Interest Rate

ASB has moved again to support its customers, cutting a number of home loan rates, including the two-year special rate to a new low of 2.69% p.a. Craig Sims, ASB executive general manager Retail Banking says the reduced rate will be welcome news for many ... More>>

ALSO:

Nathan Hoturoa Gray: The Problems With Testing And Case Statistics For Covid-19

To begin to understand disease transmission in a country requires adequate testing of your population with properly vetted, accurate tests. As the world struggles to find what 'adequate percentage' of the population is necessary, (estimates predict ... More>>

ALSO:

RNZ: Fletcher Building To Lay Off 1000 Staff In New Zealand

The construction company will cut around 10 percent of its workforce as it struggles with the fallout from Covid-19. More>>

ALSO:

Can Pay, Won't Pay: Cashflow Moves Urged

Government Ministers are asking significant private enterprises to adopt prompt payment practices in line with the state sector, as a way to improve cashflow for small businesses. More>>

ALSO:

Gordon Campbell: On Why We Should Legally Protect The Right To Work From Home

For understandable reasons, the media messaging around Level Two has been all about “freedom” and “celebration”, but this is not necessarily going to be a universal experience. When it comes to workplace relations, Level Two is just as likely to ... More>>

ALSO:


Telecoms: Spark Welcomes Spectrum Allocation And Prepares For 5G Rollout Over The Next 12 Months

Spark welcomes spectrum allocation and prepares for 5G rollout over the next 12 months Spark today welcomed the announcement of the direct allocation process of 5G spectrum, with the Company to be offered management rights to 60 MHz of 3.5 GHz ... More>>

ALSO:


Trade: Record Monthly Surplus As Imports Dive

Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today. “This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest ... More>>

ALSO:


Media Blues: Stuff Chief Executive Buys Company For $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
The chief executive was returning the company to New Zealand ownership, with the sale is expected to be completed by 31 May.
"Our plan is to transition the ownership of Stuff to give staff a direct stake in the business as shareholders," Boucher said in a statement.... More>>

ALSO:

RNZ: Bar Reopening Night 'much, Much Quieter'

Pubs and bars are reporting a sluggish first day back after the lockdown, with the fear of going out, or perhaps the joy of staying home, thought to be a reason for the low numbers. More>>

ALSO:

Stats NZ: New Zealand’s Population Passes 5 Million

New Zealand's resident population provisionally reached 5 million in March 2020, Stats NZ said today. More>>

NIWA: Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist

Seven weeks of lockdown has provided evidence of how pollution can vanish overnight with benefits for the environment and individuals, says NIWA air quality scientist Dr Ian Longley. Dr Longley has been monitoring air quality in Auckland, Wellington ... More>>

ALSO:

Government: Milestone In Cash Flow Support To SMEs

A significant package of tax reforms will be pushed through all stages in Parliament today to throw a cash flow lifeline to small businesses. More>>

ALSO:



University Of Canterbury: Astronomers Discover The Science Behind Star Bursts That Light Up The Sky

University of Canterbury (UC) astronomers are part of an international team that has revealed how explosions on the surface of a white dwarf star can increase its brightness by thousands or millions of times making it look like a new star. For ... More>>

Air NZ: Air New Zealand Adds Business-timed Flights For Regions

Air New Zealand will operate business-timed flights in and out of a number of regional ports from next month.
The flights will allow customers in Hamilton, Tauranga, Napier, New Plymouth, Palmerston North, Nelson, Dunedin and Invercargill to undertake a day of business in either Auckland, Wellington or Christchurch... More>>

ALSO: