Home' Rangitikei Mail : March 8th 2012 Contents 18 THURSDAY, MARCH 8, 2012
Terms and conditions apply to $500 prize. Full details available at goyoungfarmer.co.nz The National Bank of New Zealand, part of ANZ National Bank Limited.
Every man and his dog
should be suppor ting
The National Bank
Young Farmer Contest.
Every year, New Zealand's best young farming talent goes head to head in The National Bank Young Farmer Contest.
From 22 District Finals we're down to seven Regional Finals and the 2012 competition's really heating up!
The National Bank is the banking force behind New Zealand's next generation of rural leaders. We're proud to support all of
the contestants, and you can too. Post a message of support for your favourite Regional Finalist at goyoungfarmer.co.nz
and help them win $500 for their Young Farmers' club. And don't forget to catch all the action at the Regional Final on
Monday 12 March at The Hub, Waihi Road, Hawera - we'd love to see you there!
Go Young Farmer!
MASS LAND CONTOURING,
DRAINCLEANING, SCRUB CLEARING.
BULLDOZERS, DIGGERS, DUMPERS,
ALL ENQUIRES WELCOME
Phone (06) 327 8562 • Email: firstname.lastname@example.org
Same Quality Care Still
Aged Care Centre
30 Bond Street, Marton
"Your home away
Feilding Herald Advertising Feature
FEILDING STORE STOCK SALE FRIDAY MARCH 2
This store market is taking as long
as the Queen Mary to turn around
as, in spite of recent and projected
schedule falls, the demand and sale
prices for store lambs remains solid
and there are unsuccessful buyers
wandering around the sale yards
wondering when they, too, can enter
Perhaps there is a bit of denial in
the store market or perhaps some
buyers have not killed any prime
lambs lately as the margin between
store and prime lambs is shrinking
Another remarkable situation is
developing with second cut pens
selling for virtually the same money
as the top cut lines such is the
desire to purchase lambs.
This is working very much in the
favour of the vendors as their lambs
are selling at higher levels than
they may have expected and,
anecdotally, there are still signifi-
cant numbers of store lambs out in
the hills. With the onset of autumn,
lambs will pick up again as much of
the offering showed the signs of liv-
ing on harder pasture and they will
improve given better feed.
The ewes were roughly steady --
Broadlands Station, Ashhurst, sold
201 Perendale 2 tooths for $210 to
illustrate how the market for ewes
has eased and numbers will not rise
until the run with ram ewes arrive.
The male lambs to start the sale
were naturally the heaviest of the
day -- the Shannon Brothers of Peep
O Day s Glenara sold 133 Coo-
pworth cryptorchids for $114.50
which was the same money SG and
JM Kelly, Taihape, sold 135 shorn
Of interest was the Kellys selling
their second cut of 202 for $110 and
John Batley only having 50 cents
difference between his first and sec-
Once again, a pen of capital stock
ewe lambs was in demand with M
McKinnon, Mangaweka, selling 101
woolly Romney/Perendale ewe
lambs for $130, easily the day s top
money. Maybe a cold spell of
weather will drag a few more lambs
out as today s yarding of 6000 is
very low for this time of year.
The cattle sale also remained very
solid with a low yarding tally again.
About the only section to increase in
size was the weaner bull section but
of a very low base. Tarndale Part-
nership, Feilding, achieved the
highest price when they sold 14 1
year Angus steers for $1115 ($2.50),
L Cox, Awahri, sold 7 Hereford/Frie-
sian steers for $1110 ($2.16) and the
specially advertised Angus steers
and heifers from Maata Kotahi, Tai-
hape, were in demand selling at
higher cents per kilogram than the
rest of the yarding with their top cut
of heifers selling for $905 ($2.47).
No older steers or heifers were
yarded at all as they remain at
home cleaning up paddocks.
A line of well marked Friesian
bulls from MG Mant, Marton, sold
for $1100 ($2.30) but these animals
are still presenting in low numbers.
Weaner bulls were also in solid
demand as we lead in to the early
weaner fairs but this market
remains affected by small offerings
and some uncertainty.
Sheep (7722): ewes (1643); 2th
(299), $185-$210; MA, $51-$188;
lambs (6,049); 36-37 kg,
steady; 31-35 kg, $104-$130,
$3.24-$3.45, firm; 25-30 kg,
$85.50-$103, $3.15-$3.55, firm.
Cattle (528): steers; 1 year (199),
282-514 kg, $640-$1115,
$1.92-$2.58, steady; weaner (10),
176 kg, $530, $3.01; bulls; 1 year
(39), 357-478 kg, $755-$1100,
$2.11-$2.37, steady; weaner (68),
104-186 kg, $400-$555, $2.80-$3.65,
steady; heifers; 1 year (147),
303-411 kg, $655-$915, $1.94-$2.47,
steady; weaner (44), 98-173 kg,
By JILL GALLOWAY
The public have a chance to invest in New Zealand
dairying, if they have $20,000.
New company Pastoral Dairy Investments (PDI)
aims to raise more than $75 million. Of that the
board of directors expects $25m will come from
individuals and $50m from institutions.
Feilding-based MyFarm Asset Management will
manage the assets for the investment company.
Feilding dairy farmer Malcolm Bailey, a former
Federated Farmers national president and Fonterra
board member, will chair the board, and it also has
two independent directors.
We will use the money invested in PDI to buy
dairy farms. So it will give people a stake in the dairy
industry. To have that, you have needed millions of
dollars to invest in a dairy farm.
MyFarm Asset Management s Andrew Watters
said the investment would be in six to eight dairy
farms, which would be debt-free.
That means there will be monthly milk payments.
We expect to return 5 to 6 per cent in pre-tax
dividends, but unlike having the money in a bank,
dairy farms have kept pace with inflation, Mr
It would be a closed-end fund , meaning that as
farms were sold, the investment would be returned to
those who put money in, rather than being
reinvested. The potential is that we may raise more
money than we thought, in which case we will buy
more dairy farms.
He said dairy farms had returned 10 per cent each
year for the past 10 years, well ahead of most other
Links Archive March 1st 2012 March 15th 2012 Navigation Previous Page Next Page