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P17 Thursday, Sept 26, 2013
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THE INDEPENDENT VOICE OF MID CANTERBURY
$58 million boost for Mid Canty? BY MICHELLE NELSON MICHELLE.N@THEGUARDIAN.CO.NZ
Fonterra’s record forecast milk price could pump an additional $58.5 million into the Mid Canterbury economy. Yesterday the dairy giant lifted its farmgate milk price for the 2013-14 season, this time by 50c to a record $8.30 per kg of milk solids. However, the good news was buffered by a warning from Fonterra chief Theo Spierings – that the financial performance over the first half would be “significantly lower” than the first half of the previous year. The move came less than a month after Fonterra hiked the price by 30c kg/MS, and this windfall came on the back of an extra 50c promised in August. The increase along with an estimated 2014 dividend of 32c per share amounts to a forecast cash payout for Fonterra’s farmers of $8.62. Mid Canterbury’s 288,000
cows are the highest producers in the country milking 406kg/ MS on average. The extra 50 cents could equate to an additional $58.5 earn for the district’s farmers. Chairman John Wilson said the record milk price reflected continuing strong international dairy prices, particularly for whole milk powder driven by demand from Asia, and especially China. Nationally, BNZ economist Doug Steel said the $8.30 milk price stacks up to $5 billion more for the economy from the dairy industry than it received last year. However Environment Canterbury’s controversial new Land and Water Regional Plan (LWRP), which imposes limits on nitrogen leaching from farms has the potential to stymie further land use change to dairying. The LWRP is essentially a licence to farm, and will become notified in 2017.
LWRP creates buyer caution
PHOTO TETSURO MITOMO 250913-TM-027
Kids flushed with musical success View or purchase photos online guardianonline.co.nz
P4
Tinwald School pupils were given the challenge to make things work, and that’s exactly what they did. As part of the school’s 2013 topic, challenge, the school’s pupils were tasked with “making it work” seeing a range of creations from artwork to musical instruments.
Pupils (from left) Matthew Pearce, 9, Milly O’Connor, 9, Seth Hosken, 8, Riley Harris, 9, and Nic Stringer, 8, formed a band and made instruments, including drums and a trombone, out of plumbing supplies for their challenge and later played to their classmates and visiting parents. Ph 03 307 7900 to subscribe!
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