Farmers Weekly NZ April 18 2022

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3 Funding for farm advisers Vol 20 No 14, April 18, 2022

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Carriers feeling the heat Colin Williscroft

L

colin.williscroft@globalhq.co.nz

IVESTOCK carriers are coming under increasing financial pressure and some in the industry say unless changes are made to help alleviate that, more transport companies will be forced to follow the example of Wairarapa-based Pinfolds, which recently announced it was shutting its doors after 102 years of business. Mangatainoka-based Beale Transport director Regan Beale said there are a range of different burdens that livestock carriers are having to deal with. One of those is because of space restrictions at meatworks, processing companies are filling trucks with small loads from multiple farmers, so truck drivers are having to drive greater distances to fill their trucks, rather than just stopping off at one farm. “They (processors) want to keep farmers happy but it comes at our cost,” Beale said. “Instead of (carriers) being able to go to one farm to get a load of sheep out, they’ll (processors)

split the load between say five (farmers), which means we’ve got to do a lot more kilometres to get a load but we’re paid the same money (per animal carried).” “That means we’re losing money out the bottom every single time.” He does not blame farmers for wanting to move whatever stock away they can. “I know that a lot of farmers have got our backs but from what some of them have said to me, things are tight and even if it’s a pain in the bum for them, if someone’s going to turn up and take 50 lambs off their hands, they’d rather see 50 go than none at all,” he said. “From their point of view, they have to take what they can get. “I understand that, but we still get paid the same per lamb that’s going to the works and instead of that lamb going from point A to point B, we’re going around four or five farmers to make that load up.” He says as well as the fuel cost, there’s also a time cost. “It’s not sustainable and they (processors) know that,” he said. Beale said out of all those

ALL-IN-ONE: Leaft Foods promoters Maury Leyland Penno, Ross Milne and John Penno say bringing an all-in-one protein to the market will create a pathway for NZ farmers to diversify into a system with a lower environmental footprint.

Plant protein project gets funds boost Annette Scott annette.scott@globalhq.co.nz CANTERBURY-BASED food innovator Leaft Foods is creating an opportunity for New Zealand agriculture to lead the global plant protein market, with potential to reach $US36 billion by 2024. The food-for-climate solutions company has successfully achieved a NZ$22 million capital raise, accelerating its mission to create NZ’s first plant protein system in Canterbury. Silicon Valley-based Khosla Ventures led the Series A investment round, with participation from Ngāi Tahu Holdings via their New Economy Mandate, ACC’s Climate Change Impact Fund and NBA

Basketballer and impact investor Steven Adams. Co-founding director John Penno says Leaft Foods attracted the attention of international and local investors, with its innovation that enables the extraction of plant protein from sustainably farmed green leaves for use in a range of foods. Through this system, Leaft Foods has ambitions to transform the agriculture industry for the better. “We think there’s a food revolution because there’s all this talk about alternative protein – we think it’s more an alternative food production system,” Penno said. With the latest round of funding the Christchurchbased company will grow its

farm system, its technical and product development teams, expand research and development and enhance manufacturing capacity ahead of market launch. Leaft Foods’ technology extracts Rubisco, the most abundant protein on the planet found in all green leaves. Rubisco has a complete amino acid profile, similar to beef. Unlike other proteins, Leaft’s protein does not require blending to manipulate the protein content or functionality. In addition to its high digestibility, Leaft’s protein has a neutral taste and colour. Its hypoallergenic status could be a game-changer for people sensitive to whey, soy or egg protein.

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