Feilding Herald : March 8th 2012
18 THURSDAY, MARCH 8, 2012 goyoungfarmer.co.nz 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. NAT0286Q 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! AGRICULTURAL EARTHMOVING LTD SPECIALISTS IN MASS LAND CONTOURING, FORESTRY, DAIRYWORK, DRAINCLEANING, SCRUB CLEARING. 4 HIRE: BULLDOZERS, DIGGERS, DUMPERS, TS18 MOTORSCRAPERS ALL ENQUIRES WELCOME PH: 0276882174 FREE QUOTES 4435305AA 4422885AA Phone (06) 327 8562 • Email: email@example.com Same Quality Care Still Aged Care Centre 30 Bond Street, Marton "Your home away from home" Feilding Herald Advertising Feature 4437703AA 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 the market. 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 steadily. 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 cryptorchids for. 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- ond cuts. 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, $106.50-$114.50, $2.96-$3.09, 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, $400-$475, $2.74-$4.08. Dairy investment opportunity 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 Watters said. 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 investments.
March 1st 2012
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