Forum Archive Index - May 2003

["mvanv" <mvanv@xtra.co.nz>]

Hi Snoopy

 

Being an ex farmer I follow this sector quite closely.

I have limitted  contact with farmers themselves but I still manage

to pick up bits and pieces.

I know that farmers are very concerned about the stength of the kiwi dollar.

The number of farmers affected by drought is no higher than usual asfar as I can tell.

The difference this year is that an area not prone to drought is suffering (West-coast of the N.I.)

and so we are hearing more about drought than is usual.

 

IMO the next season starting in June will be a harder year than the current year.

In saying that I think the long term outlook for farming  is very good.

No matter how tougth things get in the world, people will always have to eat.

 

As far as WRI is concerned I would be  interested in it if it's price were to drop

below 90c. WRI is heading in a new direction with it,s newly aquired stake in Genisis

whereas PGG have recently aquired an outfit supplying irrigation pumps and equipment.

You could say that PGG is sticking to it's knitting which I happen to like.

WKL is probably the most progressive of the three companies. They are expanding quickly

throughout the North Island. A merger between PGG and  WKL would make avery strong company

for WRI  to compete with.

 

 

disc. don't hold any   WRI,PGG,WKL, allied farmers

 

 

Mick