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

 

New Zealanders Offered Sweet Investment

New Zealanders Offered Sweet Investment

FOR IMMEDIATE RELEASE: 23 February 2017

New Zealanders are being invited to invest money for honey in a revolutionary hive sharing initiative launching today.

Whanganui-based Canaan Honey has launched a PledgeMe crowdsourcing campaign for investors looking to get a sweet return: a lifetime supply of honey.

A launch party last night saw the season’s first harvest of honey with a 3kg bonus honey offered to the first 10 signups.

Hive Share lets backers around New Zealand become beehive owners, without the fuss of having to look after the hive.

“They buy the hive, but we look after it and give them a return in honey for their investment,” explains Canaan Honey partner Michael Brandon.

Investors have the option of either paying $920 for a hive or $460 for half of a hive. A full hive yields a return-on-investment of 7 kilograms of honey each year after the first year.

“That works out to being a 12% per annum tax free return,” Brandon says.

“It’s a much better investment than any bank or financial institution will give you. And as the Native Indians say: ‘you cannot eat money.’ But you can eat honey.”

He says while similar models exist overseas, this is the first hive share of its kind in New Zealand.

Michael’s father John Brandon has been beekeeping for more than 35 years. Michael remembers helping his father as a child and decided to leave his Auckland IT career last year to join his father in beekeeping.

“Canaan Honey is a family business and it’s lovely having Michael back by my side to help me into retirement” John says.

“Beekeeping is an ancient and traditional craft, and that’s lovely, but our business does need to modernise. It’s great to have Michael’s innovative and tech-savvy mindset to bring the business into a new era and make honey an easy investment for all kiwis.”

Michael came up with the idea for the hive share initiative as he thought about the timeshare and retirement village systems in which people buy an asset that’s managed by others.

“Hive Share means we can sell a hive, retain management rights, and give a sweet return in honey.”

“We can then divide those hives to grow the business faster than if we sold those hives outright,” he says.

Hive Share builds the beehives, breeds the queens and professionally manages the hives. It pays the hive levies, harvests the honey and packs and sends it to the customer. Unlike other investments, buyers pay no income tax.

“We are offering people a chance to be part of the burgeoning honey industry, as well as a chance to learn something more about the incredible honey bee: a miracle of nature,” Michael says.

The hives are sited in dedicated hive share apiaries in the Whanganui area. If they don’t produce enough honey, Canaan Honey will add in honey from its other apiaries.

Hive Share is offering up to 100 beehives and hopes to raise $92,000 through its PledgeMe campaign.

For more information or to purchase a Hive Share, go to the PledgeMe campaign here.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:

Economy: Funding For 85% Of NZ Not-For-Profit Entities Impacted By COVID-19

Results of a recent Institute of Directors poll show that 85% of board members on not-for-profit organisations say COVID-19 has moderately or significantly affected their funding. The ‘pulse check’ conducted in the first two weeks of July looked ... More>>

Volcano Detection: Eruption Alert System Would Have Given 16 Hours’ Warning At Whakaari

An alert system that could have given 16 hours’ warning of last year’s eruption at Whakaari/White Island is ready for deployment, University of Auckland scientists say, with warning systems for Ruapehu and Tongariro the next priority. ... More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO: