AgInEd | October 12, 2020

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FOR E FUTURIA G R R S! U E N E R P

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Volume 28 I October 12th, 2020 I email: agined@globalHQ.co.nz I www.farmersweekly.co.nz

2 What was the North Island prime price last week?

This table shows prices for Angus and Angus-Hereford two-year steers at the Feilding Store Sale. There is a strong trend developing across the country in recent weeks where good-quality cattle are sought after, although demand is soft for ‘longer-term’ cattle. This means cattle of mixedbreeding or of lighter weights are selling at cheaper prices compared to bigger and/or better-bred cattle. Cattle need to reach certain weights in order to go to the processors, i.e. heavier cattle will be ready earlier than lighter cattle.

3 How is this tracking compared to year-ago levels?

1 Compare prices for steers weighing 529-589kg, and those weighing 312kg.

1 Go the AgriHQ market snapshot page

2 Following the drought, many regions have also had below average rainfall through winter. This means many farmers are concerned around the amount of grass they will have for this coming summer. Why do you think this impacts on prices paid for lighter cattle in particular?

STRETCH YOURSELF:

3 Schedules for prime steers at the processors dropped last week. How will this affect prices paid for store cattle?

In your paper

1 Go to www.farmersweekly.co.nz 2 Find and watch the OnFarm Story of Jenni and John Ridd “We’re in it for the long haul” and read the accompanying article “Pioneers overcoming challenges ”.

Fonterra has just announced that they will be releasing plant-based 2L milk bottles which will be in stores from the 13th October. These are derived from sugarcane and are 100% curbside recyclable and the bottles are made in NZ. Read the whole article here in this week’s Farmers Weekly edition. Sustainability and related innovation within fibre and food production is a necessity going forward. How important do you think it is that companies like Fonterra keep looking for alternatives for packaging? How do you think the likes of the old glass milk bottles stack up environmentally against the newer alternatives? Make sure you take into consideration the processes involved in recycling and producing the different options. What other products do you see a need for alternatives to be produced for things like packaging? (Think of things like the trays that meats are on in our supermarkets).

Agribusiness New Zealand’s economy is dominated by agriculture and food - it generates about 80% of the country’s export earnings a year and international demand is predicted to continue to grow. Primary industries in the NZ economy according to 2019 MPI report[1]. • 80% of trade, steady increase over the last two decades • 15% of employment - 351,000 people • 11% of GDP

4 Apart from hemp what other crops do the Ridds grow? What else do they have on the farm?

STRETCH YOURSELF: 1 How much land do the Ridds use exclusively for hemp production? We would love to hear your thoughts and ideas, please send them through to agined@globalhq.co.nz

Referring to the supplied graph, answer the following questions: 1 From 2018 to 2020, what are the fastest growing primary industries in terms of export revenue?

Where could you add value in this agribusiness value chain?

2 Are these expected to be the fastest growing industries from 2020 to 2024?

Farm Management Farm Business Analysis Sustainable Farm Systems

3 These projections were made in 2019, prior to the Covid-19 pandemic. How do you think the pandemic will impact on the growth projections?

Agribusiness Strategies Agribusiness Management Sustainable Agribusiness

Agribusiness supply chains employ people from the farm to the marketplace. What key skills do you think are needed for the following roles in an apple supply chain? • Orchard manager • Packhouse apple grader • Exporter WANT TO LEARN MORE ABOUT AGRIBUSINESS? CHECK OUT:

3 Where in NZ do the Ridds farm?

  Agri-food Logistics and supply chains Value Chain Analysis Cooperative Governance and Management

International Food and Agribusiness Strategies International Agribusiness Agri-Food Trade and Export [1] MPI (2019) Situation and Outlook for Primary Industries – June 2019. MPI, Wellington

Bachelor of Agribusiness (www.massey.ac.nz/massey/learning/programme-course/ programme.cfm?prog _ id=93420) Master of Agribusiness (https://www.massey. ac.nz/massey/learning/programme-course/programme.cfm?prog _ id=93423)

2 They use dual crop varieties, which are suitable for both seeds and fibre. What products are made from these? 3 There are currently a lot of regulations in growing hemp? Can you list some of these? 4 Hemp is relatively easy to grow, reducing the need for chemicals for weed eradication. There is one main problem that they encounter around seed harvest time, what is this? How do the Ridds deal with this issue? 5 When harvesting the fibre there have been issues with the stalk wrapping around the harvester and jamming things up, how did Jenni and John resolve this? What did they end up having to use to cut the wrapped stalk out of the machinery? (that shows just how strong the fibre is).

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