dairy

The meat, fish and dairy sector’s efforts to monitor and reduce greenhouse gas emissions makes for grim reading, with each stat in the Coller FAIRR Index more surprising than the last.

Rural Bank warns that the outlook for 2019-20 is ‘mixed’ and impressive growth in cattle exports this year was largely driven by an increase in production due to drought-induced destocking.

Confidence in dairy is now higher than it is for other commodities, but farmers in drought-stricken areas are seeing potential profits from higher milk prices being eroded by the costs of water and feed imports.

New Zealand dairy giant flags writedowns of more than NZ$800m ahead of its full-year results in September when it will report its second ever annual loss.

Fonterra’s strategic review continues with a Victorian factory closure and possible sales of Brazilian JV and Chinese farms.

Milltrust Agricultural Investments has taken a 24.9% stake in a new entity managing a portfolio of eight dairy farms across the North and South Islands.

The outlook for this year is worse for many, but the overall picture is of a resilient ag sector with a lot still to offer investors.

Elio Leoni Sceti, co-founder of lead investor The Craftory, says the investment into NotCo reflects a strategy designed to harness a 'seismic shift' in the relationship between brands and consumers over the past five years.

The firm is consolidating a group of sustainable farmland assets in Denmark, which now total 1,605 hectares in the country.

Regal will also help raise funds for the Kilter Water Fund, while two of its directors will join Kilter’s board.