Silver Ferm Farms

[winner69]

Resorted to buying grain feed beef rump steak from Australia today ….New World ….and cheaper than mince….and I’m not OK the farming practice of feeding cattle grain in Oz but a man’s got to eat

Farming going downhill in NZ.?

Heading to being a net importer of food.

[Sideshow Bob]

Resorted to buying grain feed beef rump steak from Australia today ….New World ….and cheaper than mince….and I’m not OK the farming practice of feeding cattle grain in Oz but a man’s got to eat

Farming going downhill in NZ.?

Heading to being a net importer of food.

Shortage of cattle at this time of year the main issue. But probably also price vs Australian product.

https://www.farmersweekly.co.nz/mark...ST_EMAIL_ID%5D

[nztx]

Interesting Article - Alliance Smithfield:

https://www.stuff.co.nz/nz-news/3504...meeting-timaru

Friday Meeting All Smithfield Staff

[Sideshow Bob]

Interesting Article - Alliance Smithfield:

https://www.stuff.co.nz/nz-news/3504...meeting-timaru

Friday Meeting All Smithfield Staff

Well, we all know what that most likely means. Been rumours for months that Rooney Group has bought the plant.

[winner69]

Well, we all know what that most likely means. Been rumours for months that Rooney Group has bought the plant.

I take it Rooney won’t be doing any meat processing stuff.

[Sideshow Bob]

I take it Rooney won’t be doing any meat processing stuff.

No.....plants like that are normally sold with a covenant on them for 25 years+ that they can't be used for meat processing.

But they can be valuable commercial sites - coldstores, water rights, zoning, resource consents, rail sidings, rendering plant (perhaps not at Smithfield in the middle of Timaru). You get the idea.

There has been a number of old meat plants closed down and sold over the years and turned into business parks - Oringi, Longburn, Marlborough, Silverstream, Islington etc.

[nztx]

No.....plants like that are normally sold with a covenant on them for 25 years+ that they can't be used for meat processing.

But they can be valuable commercial sites - coldstores, water rights, zoning, resource consents, rail sidings, rendering plant (perhaps not at Smithfield in the middle of Timaru). You get the idea.

There has been a number of old meat plants closed down and sold over the years and turned into business parks - Oringi, Longburn, Marlborough, Silverstream, Islington etc.

Add Whakatu & Tomoana to the Business park convert list

Any offshore operators looking for the nuts & bolts of a ready to pull/apart put back together Plant project - say
in South America or elsewhere ?

[Sideshow Bob]

Interesting investment...............


Media Release: Silver Fern Farms Co-operative Ltd takes stake in WoolWorks


Silver Fern Farms Co-operative Limited has today announced it has purchased a 12.5% stake in Wool Scour New Zealand Limited (trading as WoolWorks).


Alongside Bright Meat Group, Silver Fern Farms Co-operative is the joint owner of Silver Fern Farms Limited, New Zealand’s largest red meat processor and marketer.


WoolWorks is the largest woolscourer by volume in the world and provides commissioned wool scour services to wool growers, manufacturers and exporters. It handles approximately 80 percent, or over 100 million kilograms, of the New Zealand wool clip.


Silver Fern Farms Co-operative Chair, Anna Nelson, said the investment in Woolworks is part of the Co-operative’s strategy to develop new revenue streams for farmers.


“At a time where our sheep farmers in particular are facing some challenges, this investment is a vote of the Co-operative’s confidence in the future of the industry,” she says.


“Although there have been some difficult trading conditions in the last few seasons, the performance and returns from Silver Fern Farms Ltd over a number of years have given the Co-operative the ability to invest in new initiatives to increase on-farm returns.


“We know there's the potential to capture more value for high-quality wool, and we’re excited by the opportunity our investment in WoolWorks gives us to help unlock this,” she says.


Nelson says better wool returns are important to the overall viability of sheep meat farming, and this investment will complement the Co-operative’s investment in Silver Fern Farms Ltd.


“We’re proud to be owned by some of the world’s leading farmers, and we’ve seen the potential value that can be created by aligning global customers with our sustainable and ethical farming systems,” she says.


“As a Co-operative, we will also be working closely with Woolworks to help ensure these opportunities translate into increased returns for our shareholders,” she says.


Woolworks President, Nigel Hales, says a newly established division at Woolworks will focus on emerging opportunities for differentiated wool supply.


“We are seeing increasing opportunities for a differentiated line of wool supply from farm through to manufacturers who are looking for additional environmental credentials for their wool, such as low carbon. They are also looking for this to be underpinned by a traceable supply chain,” he says.


“Global regulators and commercial building specifiers are looking seriously towards natural products as sustainable alternatives to what is currently available, and we are seeing this shift happening quickly in some markets.


“Woolworks is excited to have such a large group of farmers investing in our world-leading processing facilities,” he says.