Home' NZ Dairy Farmer : July 2011 Contents 8 The Dairyman JULY 2011
WESTLAND Milk Products' share-
holders had good reason to resist
an offer by Fonterra with
Westland payouts higher Fonterra's in the
past four out of eight years, West Coast dairy
farmers have been told at annual district
Shareholder meetings in Karamea,
Westport, Reefton, Rotomanu, Kokatahi and
Hari Hari were updated on Westland's
growth strategy, strategic actions undertaken
since April and details on seasonal perform-
ance across its business units.
Westland chief executive Rod Quin said
growth plans for 2011 and beyond were
focused on driving performance and increas-
ing returns to shareholders.
"The facts showed Westland provided a
superior return on investment to sharehold-
ers in the past eight years with our payouts
higher than those of Fonterra in the past four
out of eight years," Mr Quin said.
Payout before retentions was forecast at
$7.60 to $7.80 per kilogram of milk solids in
2011 with additional payout for colostrum. It
would be the second highest payout on
Mr Quin said in the year to date, 14.7 per
cent additional milk had been processed at
Hokitika. In addition to expansion in
Rolleston, Westland planned to meet the
future needs of the West Coast by further
investing and expanding its nutritional pro-
duction capability in Hokitika.
He said Westland's co-operative model
had delivered 60 per cent milk growth since
"This is value both created and captured
by Westland shareholders," Mr Quin said.
"Westland is well placed to meet
increased demand from our global customer
base, having already secured new share-
backed milk supply in Canterbury."
Mr Quin said shareholders had decisions
ahead of them following Auckland-based
Fonterra's approach to West Coast share-
"However, we firmly believe the reasons
and opportunities to stay with Westland are
still as relevant today as they were back in
2001," Mr Quin said.
"Westland has faced competition in the
marketplace and is now prepared to face
competition at the farm gate."
Mr Quin said Westland's independence
was born in 2001 from the belief that deci-
sions that affected dairy farming on the West
Coast would be best made by those farming
in the region.
"As businesspeople, the on-going success
of Westland rests with our valued sharehold-
ers," he said.
Mr Quin said Westland had a proud histo-
ry dating back to 1937, had demonstrated its
sustainability as a co-operative and since
2001 had a proven, competitive business
"Westland has built a unique company and
our growth plans will make it even stronger.
The focus of the board and management will
be to achieve our vision and take the cooper-
ative from good to great."
Payouts competitive, says Westland
MORE people around the world drink goat milk than milk
from any other animal, and 98 per cent of New Zealand's
goat milk production goes offshore -- mostly in the form of milk
But what if we could further raise the quality of New Zealand
goat milk and attract more interest from these global markets?
Researchers at Waikato University are collaborating with the
Dairy Goat Co-operative NZ to find answers to questions like
Masters student Nadine Huitema is looking at how diet and
genetics affect the quality of goat milk produced in New Zealand.
It's the first study of its kind in New Zealand, and she's
focussing on the milk's functional components -- the elements that
are beneficial to human health.
These include the fat and protein content, and also a number of
bioactive elements, such as conjugated linoleic acid and omega 3.
"Goat milk has lower levels of alpha-s1-casein and smaller
chained fatty acids than cows' milk which makes it easier to
digest," Nadine said.
"Plus goat milk provides better nutrient absorption, so it's often
used for infant formula. There's growing interest in Asian and
Western markets for such high-quality goat milk products, which
makes this a really exciting area to work in."
"It's all about trying to enhance the 'good stuff' in goat milk."
Study looks at enhancing goat milk properties
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