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A 36 percent increase in revenue

Horticulture New Zealand's financial health remains robust

Last week, the Bay of Plenty played host to the Horticulture New Zealand and Recognised Employer Scheme (RSE) conferences, bringing together hundreds of horticulture leaders, growers, and support sector representatives in Mount Maunganui. The event, set against the backdrop of the region's thriving kiwifruit and avocado sectors, delved into the various challenges and market dynamics of New Zealand's $7.48 billion horticulture industry.

During the Horticulture New Zealand Annual General Meeting, it was revealed that despite some growers experiencing lower returns, the organization's financial health remains robust, with a 36 percent increase in revenue to $18.3 million for the fiscal year ending in March. Horticulture New Zealand, which advocates for over 4500 commercial fruit and vegetable growers, operates primarily through a commodity levy on produce sales.

Chairperson Barry O'Neil highlighted the conservative fiscal approach that has led to a stronger-than-anticipated financial outcome. "Our balance sheet is looking very favourable and positive," O'Neil stated, emphasizing the strategic cutback in activities amid seasonal uncertainties and fluctuating pricing.

The conference also touched on leadership transitions within Horticulture New Zealand, with Nadine Tunley set to pass the chief executive baton to Kate Scott in mid-October. Furthermore, the organization has committed to funding six key projects, including sustainable agriculture initiatives and educational programs aimed at building capacity within the food and fibre sector.

Source: RNZ

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