The big Southland Dry has prompted the Southland District Council to ban the use of all irrigators as farmers struggle to cope with lack of feed and water for their stock and crops. Southland District Councillor Nick Perham says the ban on use of all irrigators is in place for two weeks but may well be extended. And Silver Fern Farms say they are very aware of the issues farmers in the south are facing with low feed stocks and delays in getting their stock to the works. Staff shortages at processing plants are creating lengthy delays and SFF CEO Simon Limmer says they are working hard to prioritise the most urgent cases. And the plight of farmers contrasts with the success at what they do. Silver Fern Farms has increased its net profit after-tax by more than 50 per cent, with Simon Limmer saying that is a very pleasing result considering the economic environment. He says while its satisfying to get 2021 behind us, 2022 is proving to be more of the same with the added complication of staff shortages due to Omicron and weather events meaning more farmers want their stock killed. Silver Fern Farms net profit after tax was $103.8 million, up from $65.4m the year before and its after-tax profit jumped from $31.6 million in 2020 to $51.5 million in 2021. Silver Fern Farms’ revenue was $200 million while earnings before interest, tax, depreciation etc were up $54 million .
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