Silver Ferm Farms

[Sideshow Bob]

Sure has been going like that. Then someone read your post and put 10,000 up for sale just to prove us wrong :-)

Haha, indeed!! Although about 6k went through yesterday afternoon, still about 6k on offer.

Lets see what happens today......

[iceman]

Really good listening https://podcasts.apple.com/nz/podcas...=1000596163856

[iceman]

Some words from the Chairman https://www.youtube.com/watch?v=igB5p49rDgU

[percy]

Some words from the Chairman https://www.youtube.com/watch?v=igB5p49rDgU

Most impressive.

[Sideshow Bob]

Looks like the buy side has dried up for the time being, with a number of parcels on the offer at $1.50.

[Sideshow Bob]

Getting to the time when the annual bean counting results aren't too far away from coming out.

Expecting a solid result but would be most interested in the guidance. Lamb is undoubtedly a tougher challenge with the slow down in China with high stocks - starting to loosen up now with Covid restrictions.

I am hearing (from elsewhere) that lamb is around breakeven, and the phenomenal beef margins have now gone and also a tougher challenge. And beef undoubtedly would have been the star in the SFF crown the last few years. Alliance had a relatively great result, but their FY was until end Sept, and the last quarter was when it got tough.

I guess we just have to wait......

[iceman]

Getting to the time when the annual bean counting results aren't too far away from coming out.

Expecting a solid result but would be most interested in the guidance. Lamb is undoubtedly a tougher challenge with the slow down in China with high stocks - starting to loosen up now with Covid restrictions.

I am hearing (from elsewhere) that lamb is around breakeven, and the phenomenal beef margins have now gone and also a tougher challenge. And beef undoubtedly would have been the star in the SFF crown the last few years. Alliance had a relatively great result, but their FY was until end Sept, and the last quarter was when it got tough.

I guess we just have to wait......

We got the results on 31 March last year so awhile to wait yet. I'm sure we will have an outstanding result and in fact we got a confirmation of that with the unprecedented interim dividend announced at the end of October.
Agree there are tougher times ahead but SFF will face that with a very strong balance sheet and a sought after product.

[iceman]

Brazil has voluntarily suspended beef exports to China due to discovery of BSE. Short term at this stage but if extended, could make a big difference to pricing. 80% of China's beef imports come from South America.
But in any case. global demand is firming, particularly in China and other North Asian countries. US anticipating slowdown in processing numbers so have lifted asking prices and Australia is following their lead.
So things could turn out for us to see yet another good year for SFF

[percy]

NZ red meat exporters back Beef + Lamb New Zealand’s Kiwis Backing Farmers campaign



New Zealand’s red meat processing and exporting sector is supporting the Kiwis Backing Farmers campaign, saying the only sustainable way for the Government to deliver better outcomes for the environment and the economy is to work with farmers.



The campaign, spearheaded by Beef + Lamb New Zealand and rural advocacy group 50 Shades of Green, aims to highlight the cumulative effects of successive policies, such as the wholesale conversion of productive sheep and beef farms into carbon farms, on rural communities.



“New Zealand’s sheep and beef farmers are already among the most carbon efficient and environmentally sustainable producers of red meat in the world,” said Sirma Karapeeva, chief executive of the Meat Industry Association.



“However, successive waves of new regulation in areas such as freshwater, biodiversity and carbon farming are putting the sheep and beef farmers’ status as champions for the environment at risk.



“Many of these regulations could be much better aligned with on-farm practice, and collectively add unnecessary costs on farmers at a time when inflation and volatile global markets are putting their operations under extreme pressure.”



Ms Karapeeva says the meat processing sector is also concerned about the lack of limits on fossil fuel emitters offsetting their emissions by planting trees on productive land.



“This risks pushing more land into carbon forestry, which will have long-term consequences for the viability of rural communities and the New Zealand economy as a whole.



“We all have a deep interest in creating a cleaner, greener environment and a thriving economy, which is why we’re calling on the Government to work with sheep and beef farmers to achieve this.”



“As it stands, the red meat sector generates almost $12 billion in earnings from exports to more than 100 countries and employs 92,000 people, and by working together we can grow this in a sustainable way.”

[iceman]

NZ red meat exporters back Beef + Lamb New Zealand’s Kiwis Backing Farmers campaign

Good to see SFF get involved in this. The current situation is madness with forever more productive meat farms being converted to forestry with little to no economic benefit from the country and huge risks as we have seen from Cyclone Gabrielle slash disaster in Gisborne & Hawkes Bay. This whole area needs a big rethink.

Only 10 odd more sleeps to the annual results and dividend announcement