The Honey Baked Ham Company, LLC’s Post

After having a wee look at the Zespri International business I was surprised how I’d overlooked its earnings and dividends are principally generated from the overseas orchards licensed to grow Zespri-stickered fruit and the lucrative royalties in place. It’s very easy to think of the single marketing desk in much the same way as Fonterra. After all, growers are typically more focused on orchard-gate returns in much the same way that farmers love their farmgate milk price. But the efforts to expand growers into international territories so Zespri stickers can adorn supermarket shelves all year and the massive R&D that goes into developing new cultivars (and hopefully new royalty income streams) is very different to the various ingredients, food service and consumer brands businesses that Fonterra’s tried on and off over the years. So no surprise that MyFarm Investments is keen on securing that dividend stream as part of its $190m kiwifruit fund, though I did raise my eyebrows when seeing how much of a contribution it’s expected to make to the fund’s earnings. It’s raising $10m from those in the know and those who say they are (also known as wholesale and eligible investors) and plans to raise up to another $27m in the coming years to become a central player in the industry. Also, big kudos to MyFarm for the level of transparency across its various wholesale offerings. The level of detail available to Joe and Jane Public seems much more in tune with the spirit of the Financial Markets Conduct Act than that of many other wholesale offering players and doesn't seem to have had a chilling effect on its ability to raise money. Go figure... Here's my latest on BusinessDesk NZ. https://lnkd.in/g3DpkNbK

Fast growers | Big dividends Investor's Champion reflects on announcements from very different companies. While one has the appeal of very strong growth, another comes with a big dividend payout. Read on here for our usual forthright views. https://lnkd.in/eSuhCFPE

Companies that don’t prioritize purpose should be taxed at a higher rate. 👆That’s what a potential client said during a meeting I sat in on this morning (to learn more about what her organization does ahead of our intro call later in the day). And honestly? Yah. Earth’s population is expected to increase by another 2 billion (!) people by 2050. To feed all those people, experts say we’ll need to increase food supply by 65% (!!) — to account for overconsumption. Because apparently, overconsumption is a given. How do we expect to do that? Food systems are already strained. ALL of our systems are strained. The quality of life available to us on this planet is in grave jeopardy. If you run a business that isn’t trying to solve one of the numerous perils we face, but rather actively makes those problems worse by prioritizing profit over purpose… (Spoiler, you need both!) — There should be a consequence. There can be no more “business as usual.” That ship has sailed. What do you think? Should companies that prioritize profits over purpose pay a higher tax? #climatetech #foodtech

I wasn’t expecting to get caught up in Fonterra so soon, but the price action today just grabbed my attention. The Fonterra Shareholders’ Fund had a good day with a 7% rally when news of the global consumer business exit emerged, which shouldn’t be too surprising given the long-running concerns about the return on capital for the high-value consumer businesses. But what caught my eye today was just how much the cooperative shares jumped today in trading among the farmer shareholders – up 15% or so in late afternoon trading. Jarden’s analyst note speculating on a $2-per-share capital return from a successful sale probably did them some favours, given the co-op shares started the trading day at about $2.52 a share. The gap between the cooperative shares and the fund units has been pretty stark since Fonterra tied up the fund rather than give it the dignified death it probably needed and the capital restructuring sapped the need for farmers to be fully-shared up to supply the co-op. I reckon that narrowing of the price gap on hefty volumes for the co-op gives a pretty clear steer on where its owners see the value accruing. Would be nice to see a turnaround in some of that lost ground of recent years.  https://lnkd.in/gFEhpZpv

Let’s say you are an #orange juice or #chocolate bar producer: your margins are under pressure because the costs of buying raw ingredients have exploded the last few years. What do you do? In any other business you would likely invest in your #supply to secure reliable #sourcing, better quality and potentially lower #prices. Why haven’t we done that in regen (with some exceptions of fully vertically integrated brands)? Now it seems possible for companies to invest in their #valuechain so to allow orange farmers to make regen changes in the practises to future proof them. How? Crucially it comes back to treat it as a long term #investment and not as a short term cost which will hurt you margins and, thus, annoy your shareholders. Treating investments- which btw we need billions- in regen as an investment and not a #cost sounds so trivial and simple, but it takes a whole lot of #technology to measure, report and a lot of talks with the big four #accountancy firms to get this done. Happy to welcome on the show Dr. Sonja Stuchtey, co-founder of The Landbanking Group. https://lnkd.in/dXiuZhr4

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Greencore Reports Surge in Profits for First Half of Financial Year Greencore attributed the sales decrease to its strategic decision to exit low-margin contracts from the previous financial year and the sale of Trilby Trading last summer. Read More: https://rb.gy/0zinvu #EnterpriseReview #Greencore #News #DailyNews #LatestNews

Exploring the significance of #supplychainfinance in the food industry goes beyond mere financial transactions; it delves into the essential pulse of an industry that sustains our well-being. Embracing the transformative power of supply chain finance is crucial for companies, enabling them to navigate challenges, foster innovation, and strategically position themselves for enduring success. Discover more: https://lnkd.in/daY42ZDE #foodindustry #foodandbeverage #foodandbeverageindustry #foodbusiness #foodsector #reversefactoring #finance #fintech

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