Methven dairy farmer, Alister Body had been appointed the new Chairman of the Ashburton Trading Society.
The former Chairman of the Ruralco Joint Venture Board was appointed at Decembers Board Meeting and has been a Director of the co-operative since 2011. He replaces longstanding Director and Chair, Phil McKendry, who retired from the Board in November last year.Click here to continue reading.
ATS's long term strategy ensures positive future
The first full year’s trading of Ruralco as a wholly owned subsidiary of ATS has produced significant benefits for the co-operative and for members accessing the many discounted services and products through the expanding Ruralco Supplier network.
The Ashburton based farm supplies co-operative recorded increased Group revenue of $210m compared to $119m in the previous year and this was primarily due to the Ruralco card business being fully consolidated into the ATS Group for the whole year as opposed to only one month in the previous financial year. There was a gross profit of $8.8m for the year and EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) was $228k, compared to $6.8m and $495k respectively in the previous year. Group equity at the end of 2016 was $14.9m ($15.2m in 2015) and as in the previous financial year, there was no long term debt. Click here to read more.
The Ashburton Agrecovery container (based at ATS Ashburton) is currently at capacity and will not be available until mid January. Please call ATS Ashburton on 03 307 5100 before you bring any Agrecovery containers to town to check availability.
Effort in gets best nitrogen reports out
As dairy farms’ nitrogen reports start hitting letterboxes for last season, farmers are being encouraged to put as much effort into this season’s recording as they do into producing milk.
“These reports are a great tool for assisting farmers to analyse their nutrient use and see what needs to be done to improve their nutrient efficiency,” says Ballance Farm Sustainability Services Manager, Alastair Taylor. Click here to read more...