Home' Otago Southland Farmer : October 19th 2012 Contents 19.10.12 Farmer
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It's part of a totally integrated farm
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VMS Roadshow Invercargill
When Wednesday 31 October
Where Hosted by Southland Farm Services
85 Bill Richardson Drive, Invercargill
Start time 10:30am. A light lunch will be provided.
RSVP By 29 October to email@example.com
For further information contact
Grant Vickers on 021 704 691.
to remain at 12
The number of elected Environment Southland
councillors will remain at 12 despite Federated
Farmers proposing the number of councillors be
reduced to six.
Last week councillors voted unanimously to keep
the number of elected representatives and
constituencies the same after a lengthy
consultation process which generated just one
Federated Farmers had proposed that the regional
council reduce the number of councillors from 12
to six, and empower catchment committees to
take on some of the council's responsibilities.
That submission was rejected by the councillors
earlier in the year.
Resource Planning Manager Ken Swinney said
that the proposal to retain the existing electoral
arrangements would now go to the Local
Government Commission for consideration.
It was possible that constituency boundaries
would have to be adjusted to take account of the
Southland District Council's decision this week to
alter its wards. This is because a regional
council's constituency boundaries must be
aligned as closely as possible with district or city
council ward boundaries.
Deal sealed on buy up
Joint venture: Landcorp chief
executive Chris Kelly.
By DIANE BISHOP
Chinese company Shanghai
Pengxin has finally received
approval to buy the 16 North
Island Crafar farms after the
Supreme Court refused to allow a
further appeal by iwi.
The company said the purchase
had been an ''unbelievably pro-
tracted'' process but it never
considered giving up at any stage
and looks forward to a positive
relationship with the dairy indus-
try and the communities in which
it will soon be a corporate dairy
The purchase will be in the name
of Milk New Zealand Holding Ltd,
a subsidiary of Shanghai Pengxin.
The farms will be managed by a
joint venture company, Milk New
Zealand Farm Management, a
50/50 joint venture with
government-owned Landcorp, the
Landcorp chief executive Chris
Kelly said the next stage was due
diligence where an inventory of
the physical assets of each farm
would be checked and the herds
The various management and
sharemilking contracts the com-
pany will take over from the
receiver, will be activated before
the transaction is settled.
''All going well, we expect to take
over the running of all the farms
in early December,'' Mr Kelly
Landcorp's early focus will be to
begin the upgrades necessary to
meet increased production targets
and to start the environmental
upgrades which have been agreed
with the Overseas Investment
It was also required to establish a
dairy training school on one of the
Mr Kelly said Milk New Zealand
Farm Management intends to
spend about $15.7 million on the
properties in the first three years.
For now, it will continue to send
the milk from its farms to
With ownership finality, Milk
New Zealand Holding can now
make progress on its options to
process milk from the farms and
create a range of high value
consumer products for sale in
Spokesman Cedric Allan said this
may be a contract arrangement
with a New Zealand supplier or a
joint venture with a New Zealand
Milk New Zealand Holding has set
aside a marketing budget of $100m
in China in the first five years.
Steps will now be taken to form
Milk New Zealand Farm Manage-
ment and appoint directors and a
chairman, to be announced soon,
as well as set up a head office in
Mr Allan said Milk New Zealand
was still interested in acquiring
further dairy farms if the right
opportunities arose and was still
prepared to continue discussions
with the iwi wishing to buy two of
the Crafar farms.
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