Ngā mihi te whānau whānui o Parininihi ki Waitotara mo te tau hou

A new year always brings an opportunity to revisit important aspects of any business and so it is timely that in this issue we outline our improved strategic mission and vision as well as our organizational

structure that was presented at our recent annual general meeting. It is also important to revisit the reason our incorporation exists in relation to regaining control of our land to remind shareholders of the challenges we continue to face.

New team members and new improvements on our farms along with new employment opportunities also form part of this issue as we seek to build our capability. Its not new news but the impact of the low milk payout is also important for our shareholders to be up to date with.

Add to that mix profiles on two exceptional scholars, Ngahina Hohaia a previous Charles Bailey scholar who is sharing our history through her unique installations and Te Reimana Marumaru who may have studied at Lincoln University but is finding his connections stronger with Taranaki as a result of being the first PKW/Ravensdown scholar.

Two new directors Aisha Ross and Claire Nicholson have also

been added to the Committee of Management alonafter the November 2015 elections. As previous Associate Directors no doubt they are keen to be part of the important decisions we will continue to make. They are joined by Taari Nicholas who was re-appointed after his successful election bid.

It was heartening to see many shareholders turn up at the AGM with their copy of Issue 12 and we recognise that Whenua continues to be an important communication tool. So we encourage shareholders to provide us feedback where possible on the stories and issues they would like us to highlight.

No reira, best wishes for 2015.

ORDER 2015

ANNUAL REPORT

Shareholders must now

order their Annual Report

by contacting the PKW

office on:

E: office@pkw.co.nz or

P: 06 769 9373

I MPORTANT NOT I C ES

In future issues we will be placing important notices on this page for your immediation attention.

2015 Tertiary

Grants Open

Apply online through

our website and go

to Page 22 for more

information

2 |

Parininihi ki Waitotara Committee of Management Election 2014

DECLARATION OF RESULT

The results for the 2014 Committee of Management Election that closed on Saturday 8 November 2014 are –

Election of Committee Members (3 vacancies)

Candidates Votes ReceivedNICHOLAS, Taari 111,278.91NICHOLSON, Claire 93,795.43ROSS, Aisha 81,153.00

SKERRETT, Warren 69,685.71HARRISON, Daniel 55,685.98WALDEN, Tokatumoana Kevin 47,750.42GALLAGHER, Patrick 40,874.98WALDEN, Ngawai 40,736.64RATANA, Darryn 31,447.24

Taari NICHOLAS, Claire NICHOLSON and Aisha ROSS are therefore declared elected as Committee of Management Members for Parininihi ki Waitotara.

Warwick Lampp Returning Officer – Parininihi ki Waitotara 0508 666 887 elections@electionz.com 8 November 2014

| 3

WHERE ARE YOU NOW

Looking for previous PKW Scholars

2015 TERTIARY GRANTS & SCHOLARSHIPS

Notice for latest scholalrship round

NGAHINA HOHAIA - PROFILE

Renowned artist's roots strongly entrenched in Taranaki

PKW - RAVENSDOWN SCHOLARSHIPS ALUMNI

Te Reimana Marumaru reports on his study

PKW RAVENSDOWN SCHOLARSHIP NOTICE

Notice for latest joint scholarship opportunity

COMMUNITY ENDORSEMENT OF OUR CAPABILITIES

Mayoral Award recognises PKW leadership

DAVID MACLEOD - REAPPOINTED AS FONTERRA DIRECTOR

PKW Director reappointed to Fonterra Board

2014 AGM REPORTS

A brief report on the November 2014 AGM

OUR MISSION

Outlining the revised vision for the incorporation

THE PKW WHĀNAU AND BUSINESS STRUCTURES

The framework that outlines our business units

REGAINING CONTROL OF OUR LAND

Featuring the history to our land management plan

BUILDING CAPABILITY OF OUR FARM TEAM

Introducing Roger Landers

NGĀ MAHI TAIAPA, FENCING

Working on the land provides employment

PKW LEADING DAIRY TECHNOLOGY

Latest developments at Farm 2 Meremere Road

MILK PAYOUT REDUCTION TO IMPACT ON FARMING BUSINESS

WHENUA MAGAZINE

Editor Dion TuutaDeputy Editor Amokura PanohoCreative Director Kristy RamagePhotography Quentin BedwellGraphic Design iStudios Multimedia

PARININIHI KI WAITOTARA

Postal PO Box 241, New Plymouth 4340Physical Taranaki House,109 Devon Street West, New Plymouth 4310Telephone +64 (6) 769 9373Fax +64 (6) 757 4206Email office@pkw.co.nzwww.pkw.co.nz

ISTUDIOS

77B Devon Street East, New Plymouth.Telephone +64 (6) 758 1863Email info@istudios.co.nzwww.istudios.co.nz

WHAKAMANA

CONTENTS

04

06

08

10

12

14

16

18

PĀKIHI

ĀWHINA

MĀTAURANGA

32

29

28

25

20

21

19

4 | WHAKAMANA

2014 AGM reports onSuccessful Year

4 | WHAKAMANA

WHAKAMANA | 5

Approximately 200 shareholders attended the 2014 PKW AGM held on Saturday 8 November at Aotearoa Marae, Okaiawa and though it was one of the more challenging meetings in recent years it was pleasing to see such a good shareholder turnout.

Some of the highlights for 2013/14 financial year that were presented by chair Hinerangi Raumati included;

• The revised strategic plan to guide the Incorporation’s work over the next ten years (refer pages 6 and 7)

• Significant on farm investment and lease investment – acquired 11 leases covering approx 494ha with next rent review due in 2017 (refer pages 10 and 11)

• Completion of the corporate reorganization of PKW Farms LP

• Completion of the Managed Farms three-year pilot review, with Glenn Road and Skeet Road the two farms used for the review

• Successful defence of Ngāti Tū Hapū Whēnua Toopu Trust Chair legal action

• Increased diversification within the farming business through livestock growth and dairy support

Improving the performance of PKW’s diversified investment portfolio was also highlighted with an increased

focus on seeking diversification opportunities to reduce reliance and exposure to dairy farming.

Concerns regarding the ongoing fragmentation of shares sparked differences of opinion amongst shareholders as to how this should be addressed.

Shareholder Robin Walker sought a special resolution seeking an investigation into the Committee of Management’s refusal to grant him consent to an application for an occupation order over a perpetual lease in North Taranaki. After presentations by both parties shareholders voted overwhelmingly against the special resolution.

Nine candidates sought election for three positions on the Committee of Management and the keenly contested election resulted in two new members, Aisha Ross and Claire Nicholson being elected along with the reappointment of Taari Nicholas.

PKW Chair Hinerangi Raumati paid tribute to departing committee members Tokorangi Kapea and Tokatumoana Walden and an opportunity was given to each of them to address the hui.

Tokatumoana acknowledged the work of the committee and reminded shareholders of the need to ensure that the directorship roles include locally based representatives as well as those with a farming background.

Toko completed his time with the committee by giving a rousing speech on the finer details of the ups and downs that came with the role, and the exciting challenges ahead for PKW.

The PKW Trust reported on how improved strategy, policy and systems have enabled the Trust to continue to focus on growing Taranaki descendants capacity. Due to a significant increase in applications the grant allocation also increased and the chair Hinerangi Edwards reiterated that a PKW shareholder must endorse any application.

The recommendation put to the meeting to change the PKW Trust Deed to allow the term for the shareholder representative to increase from one year to three years was agreed on. Two candidates stood for appointment to the shareholder representative role and Darryn Ratana was re-elected to the position.

Near the end of the day’s proceedings, shareholders were then treated to a stunning vocal performance from PKW grant recipient William Walker (Ngāti Mutunga). William has recently been selected as a member of the NZ Secondary School Choir.

Page 8: Hinerangi Edwards reports to the AGM on Trust activities for the last financial year.

Above: A rare moment with three PKW Chairpersons together, l-r Jamie Tuuta Spencer Carr and present chair Hinerangi Raumati.

OUR MISSIONpkw HAVE RECENTLY UPDATED THE I R STRATEG I C PR I OR IT I ES

6 | WHAKAMANA

Core Measures of SuccessFor Our People:Sustained ConnectionMeaningful Employment Opportunity Sustainable Financial ReturnContribution to the Taranaki Māori EconomyCommunity Support

For Our PartnersSharing resources, vision and expertise for collective benefitPositive Investment ReturnIncreased Influence and Network

For PKW Active Support of its OwnersPositive GrowthEnvironmentally Sustainable Business PracticeParticipation throughout the Value ChainBeing a Business of National Significance

OURMISSIONHe Tangata, He Whenua, He OrangaSustaining and Growing our People through Prosperity

OURVISIONA successfully diversified and sustainable Taranaki Māori-owned and operated business providing meaningful opportunity to its people

WHAKAMANA | 7

STRATEGICPRIORITIESSystemisation of Operations to Improve Performance

Skills Training and Development for Succession

Implement Diversification Strategy to Manage Risk

Our People ExpectKaitiakitanga to prevail over their Land and Assets

Accountability through Open and Honest Communication

Sustainable financial return and benefit from Investment

Access to employment and development opportunities

PKWMust HaveCommitment to Environmental Sustainability and Business Excellence

Capable, Courageous and Connected Leadership at all levels

World class systems and Infrastructure to Enable Success

A Commitment to developing our people for today and the future

Our Values Reflect Care for our Present and future generations

Commitment to Leadership

Adherence to our Tikanga and Belief in our Future

Belief in Collective Action with Trusted

8 | WHAKAMANA

THE PKW WHĀNAU AND BUSINESS STRUCTURESDefining our organisationPKW is often thought of as a ‘dairy farming business’ and while this is one of our largest investments - there is more to Parininihi ki Waitotara than dairy farming. Over the years PKW has made steps to diversifying into other business areas in addition to land ownership and farming.

While our ancestral lands will always remain PKW’s foundation – investment diversification is something which the Incorporation intends to keep doing as it looks for investment opportunities which can provide value to PKW’s owners.

Sensible diversification can assist to protect PKW from risk of being overly concentrated in one area which may experience negative returns – such as that being experienced by the dairy industry.

The following outline shows the various areas that PKW is invested in.

WHENUASensible land lease acquisition remains an important part of the strategy for active control over our whenua. This is happening through a combination of utilising the first right of refusal, negotiation with lessees and proactive approaches to lessees. As a t 30 June 2014 the Incorporation now controls 3,883ha of land representing nearly 20% of the total West Coast Settlement Reserve.

LEASE MANAGEMENT

• 17,500 ha of land under perpetual lease

• Approx. $300m of improvements

• Annual Rental

TANGATAAll management services for Parinnihi ki Waitotara Incorporation are now provided by PKW Farms LP. The significant growth in the farming business has corresponded with in increase in staff numbers to manage the increasing land portfolio and stock numbers particularly the drystock business. This has created new roles across the organisation to align with our commitment to quality land management, and health & safety practices.

OWNERS/SHAREHOLDERS • 9,450 Shareholders

GOVERNANCE

• 7 CoM + 1 independent (Farms)

STAFFING

• 14 - Operations• 24 - Farming Staff

TRUSTAgri-business is an international field involving science, land valuations, fencing, environmental studies, building not to mention dairy farming itself. As an intergenerational business the role of the Trust is to support the aspirations of Taranaki Māori. This is achieved by supporting whānau to gain valuable skills so they could become part of the PKW team and the global agri-business sector.

GRANTS

• Tertiary grants and scholarships

• NCEA secondary school grants

• Sporting excellence and cultural leadership

• Taranaki Māori community

WHAKAMANA | 9

FARMINGDAIRY OPERATIONS

The PKW Farms LP has three managers, 1 contract milker, 3 variable order sharemilkers, and 7 50/50 sharemilkers. This structure allows PKW's faming partnership to gain a greater proportion of the milk cheque while maintaining quality farm management expertise and a pathway for staff progression.

• 14 Dairy Farms covering 2800ha

• Annual Production of approx 3m kg/ms

DRY-STOCK OPERATIONS

Primarily responsible for grazing and fattening young stock so they are in the best condition when they enter the milking stock, this approach ensures we can fully control the quality of grazing our animals receive.

Trialling Wagyu cross calves for Firstlight Wagyu involved 300 calf heifers a venture we undertook as a fist step at diversifying products the farming business produce.

The properties also grow supplementary feed (maize and other crops) helping to insulate the farming LP from external grazing and supplementary feed costs.

• 6 dairy support units - 979ha • Wintering support and feed

supplement

LIVESTOCK

Growing our own herd numbers through the establishment of calf rearing units and selling surplus into the market is fast becoming a central value point for the farming business.

• Calf Rearing unit - 1000 calves

OTHERFORESTRY

During the mid-1990s PKW invested into the Mangaoapa Forestry Partnership. This passive investment is a 50/50 joint venture with Taranaki-based businessman Ralph Vosseler. This 400ha forest block is located in Eastern Taranaki with harvesting is anticipated to begin in the year 2020.

• 50/50 Joint Partnership

COMMERCIAL PROPERTY

A small but stable investment providing an average 6.5% return on assets per year. The acquisition of the building on Leach Street New Plymouth to become the Incorporations first permanent home after 38 years signals our increased presence as part of the Taranaki business community.

• 4 Commercial Properties in North and Central Taranaki

VENTURE CAPITAL

PKW has agreed to a two year contract extension with Finistere Partners LLC to manage potential value return from the remaining portfolio of companies within Finistere's early investments.

• US-based fund specialising in agri-science and medical devices

LOBSTERPKW receives three income streams from its lobster investment managed by Port Nicholson Fisheries Limited Partnership. The partnership is a fantastic example of Maori collaboration for mutual benefit with 17 Iwi and PKW making up the current membership:

- lease income from Quota assets

- profit share from processing business

- a rental stream from the processing facilities

The opportunity for other Māori lobster quota owners to join remains a positive sign for the business.

OUOTA

• 54 tonnes of lobster quota - CRA3, 4 and 6

PROCESSING

• PNF Partnership• 200 tonnes live export to China• 100% Māori owned

10 | WHAKAMANA

PKW administers 20,364 ha on behalf of its 9500 shareholders principally in the Taranaki region apart from some isolated leases in the South Taranaki area south of Waverley and in the Ngamatapouri locality.

These 346 leases comprise the corpus of the residual holding of the confiscated lands that PKW took over from the Māori Trustee administration when PKW was incorporated in 1976. As at the writing of this article PKW is now in active possession of 77 leases requiring future rent reviews for the remaining 269 leases.

Any freeholding of West Coast Lease Land was discontinued under the direction of the Minister of Māori Affairs Matiu Rata and the subsequent decision not to further freehold any further leases implemented by the Committee of Management.

The original corpus land leases comprised Leases in Perpetuity with 21 year rent renewals prior to 1996. The amending legislation (Māori Reserved Land Amendment act 1996; MRLAA 1996) implemented market change following the deliberation of a number of Commissions of Enquiry, Select Committee hearings and final legislative change by the Government of the day.

The amending legislation implemented three important changes for the administration of the corpus land lease portfolio comprising 7 year rent reviews replacing 21 year rent reviews, a statutory first right of refusal, and compensation paid recognising past rental losses.

Under the original Māori Reserved Land Act 1955 legislation PKW undertook the first rent review post 1976 incorporation. The process involved the Statutory Valuer, the Government Valuation Department, who carried out statutory valuation assessments with the right of objection by both Lessee and Lessor.

PKW reviewed the valuation certificates released by the Statutory Valuer and on

the basis of the available information and market evidence lodged a block objection to all assessments.

8 years of litigation followed with the 1990 rent review process finally being settled in 1998 after ongoing Land Valuation Tribunal Hearings, High Court fixtures, and a Court of Appeal deliberation.

The Valuer’s acting for both the Lessor (PKW) and the Lessees were faced with a dearth of information and file records because all previous files and field records were held by the Māori Trustee and the Statutory Valuer, the Government Valuation Department. To expedite the rent review process and prosecute the objections it was necessary to build new file and field records relevant to each lease.

On completing the 1990 rent review, Management of the day and the Committee of Management resolved to resource the Valuers, retained by PKW to build a hard file and electronic computer based Land Management Database (LMDB) to provide an information repository for all the relevant information pertinent to each individual lease.

The information required to process the rent review comprises a detailed record of all improvements on the land (buildings and paddock improvements) and improvements to the land (clearing, consolidation, fertility, grassing, and the time value of development) to allow an accurate assessment to be made of the rental value (unimproved value) to which the prescribed rental rate was applied (5%) for relevant leases under the 1955 legislation.

The assessment of the Unimproved Value is a complex matter involving the use of intellectual property and historical records identifying the original cover of each individual lease (i.e. Bush or fern open country), Māori clearings and pertinent Contour modification if any to relevant leases. The collegial process carried out over the last two

rent reviews has resulted in a large measure of agreement for physical factors relating to individual leases which has been committed to both hard file and LMDB records.

The PKW rental value, now the basis for assessing the fair annual rent under the MRLAA 1996 is based on Unimproved Value.

Unimproved Value is an anachronistic concept comprising land as at the date of valuation as “if no improvements (as defined under the Valuation of Land Act 1970) had been made to the land”. Essentially with a few exceptions unimproved value comprises land in its original unmodified condition.

The Valuer is therefore tasked with assessing unimproved value in a 2017 market (next rent review) for which there is no comparable evidence. The salient analogy is that there have been no sales of unimproved bush land on the Taranaki ring plain since the turn-of-the-century when colonial settlers cleared the land of the Bush for development into pastoral or dairy farming activities.

To efficiently expedite the rent review process management, under direction of the Committee of Management, have been enhancing and building file and field records relevant to each individual lease and updating the LMDB. The original LMDB was built in 1998 on a Microsoft Access platform and is now outdated technology.

PKW have recently implemented and updated the LMDB based on the most modern available information technology to expedite the rent review process incorporating a seamless procedure from start to finish.

The process commences with the data collection and capture from the rent review inspections and field records, formulating and completing the rent review certificate, generating the documentation required under the MRL AA 1996 to notify the Lessee of an amended and updated rent at the specified date, and finally dealing

REGAINING CONTROL OF OUR LANDUnderstand i ng our CAPAB I L I TY GROWTH

10 | WHAKAMANA

WHAKAMANA | 11

with the invoicing and aged debtor maintenance to rental arrears.

Management is confident that the new LMDB will position PKW well to efficiently administer the corpus land portfolio. The new updated database is required to provide an information repository for all land owned by PKW including freehold acquisitions.

An efficient database is essential to record Lessee changes and to protect the PKW position in so far as the statutory First Right of Refusal (FROR) is concerned. Any Lessee who was the registered occupier and owner of the leasehold interest as at the date of the amending legislation; i.e. 1996, was entitled to the right to transfer ownership through one generational transfer to a qualifying specified alienee.

Accurate transactional recording is essential to monitor these transfers and assignments of lease.

Significant change has occurred to the corpus land portfolio numerically since the inception of the amending legislation i.e. MRLAA 1996 with PKW Farms LP acquisitions comprising 77 leasehold interests approximating 15% of the portfolio. These ownership changes all need to be recorded and captured within the new LMDB data.

As in any growing organisation provision needs be made for succession planning and the orderly transition of intellectual property held by staff members. While much of the data and field records has now been committed to hard files and the updated LMDB there is always an element of intellectual property and local knowledge held by staff members associated with the past rent review process.

Since the original 1990 rent review, there have been two subsequent rent reviews carried out under the new legislation under the collegial process mandated by an agreement between PKW and the Lessees Association.

The next rent review is scheduled for 1 January 2017 and inspections will commence early 2016 under a new mandated agreement using the collegial process. Over the 2003 and 2010 rent reviews a significant data build and collection of information by agreement between the Valuers has been committed to hard copy file/field records and the LMDB to assist the succession process when the current PKW Valuer retires after the 2017 rent review.

Valuation expertise utilising the valuable intellectual property collected by PKW is essential to maintain the significant Rental cash flow generated from the corpus land portfolio. The rental cash flow provides a stable cash inflow to the Incorporation set for a seven-year period which is not exposed to the

climatic and revenue/cost impacts of the active portfolio administered by PKW Farms LP.

While only generating a return approximating 4% on the rental value the return reflects the low risk and relatively gilt-edged nature of the security.

PKW only has one opportunity to review the rent every seven years requiring optimal file and field records and using in-house intellectual property. The Incorporation is now in a position to establish solid succession and information transfer to incoming valuation expertise through the investment it has made in protecting intellectual property for the complex rent review exercise for the benefit of its shareholders.

WHAKAMANA | 11

12 | PĀKIHI

“ The passion and appreciation shown for the business at the AGM

was great to see as it reaffirms our collective efforts are valued by the

shareholders ”

PĀKIHI | 13

BUILDING CAPABILITY OF OUR FARMING TEAMThe latest edition to the PKW Farming staff is Roger Landers whose role as Dairy Farm Supervisor makes him responsible for four farms, two under herd owning structures, one a lower order sharemilker and one with a manager.

Roger comes to the organisation with a working knowledge of PKW as his sister-in-law and husband have been sharemilkers with PKW for a number of years. Having grown up in Kaupokonui as number six of eight children to parents Jack and Margaret Landers, Roger is also a trustee of his father’s estate where the family farms a small area of West Coast lease land and has worked with PKW and Ngāti Tu Hapū regarding the formation of the metal quarry on the farm.

Other farming activity includes an interest, along with wife Julie, in an

Equity Partnership farm in South Waikato of which he is the chairperson. Roger is also as a trustee of the Waimate West Demonstration farm.

With this background Roger is keen to add value to the PKW farming business and was pleased he was able to attend the November annual general meeting as it helped him understand who the farming team are ultimately working for.

“The passion and appreciation shown for the business at the AGM was great to see as it reaffirms our collective efforts are valued by the shareholders”, says Roger.

Some of the challenges Roger recognises come with the job include trying to meet the rising expectations around compliance, especially in the effluent area, matched against the current low milk price.

“On any given day I can be doing anything from writing reports to providing assistance where needed, organising quotes for any project or expenditure, or helping working towards best practice across the business”, says Roger who reports to the Dairy Operation Manager Shane Miles.

Top Left: Roger Landers, PKW Dairy Farm Supervisor

Bottom left: PKW Managers, Bronwyn McFarlane, Shane Miles and Roger Landers at Aotearoa Marae

Bottom right: Roger Landers with Merermere Rd Farm Manager Matt Kelbrick and sister Bex Kelbrick

14 | PĀKIHI

PROFILE ON WORK OPPORTUNITIES WITH PKWNGĀ MAHI TAIAPA - FENCING

“ The expertise of our fencing team has contributed to fencing urupa at Wharepuni

and Taiporehenui Marae”

PĀKIHI | 15

In 1998 PKW set a long-term goal to actively farm our land and introduced a land management strategy to regain control of our land and reinforce shareholders desire to create employment opportunities for our own people. As we increase the capacity of our future farmers we are ever mindful of other opportunities that arise across the farming businesses.

Fencing is another important career within PKW. Not only does this include the current maintenance programme, but every time PKW acquires more land the fencing needs are assessed and added.

Whenua caught up with the fencing crew that have been working for PKW Farms for three years now.

Supervisor David Wilson has been in the business for over 20 years and loves the outdoor aspect of working on the land. Reporting to PKW Dry Stock Operations Manager Andrew Gibson, David also engages with the other PKW Farm managers and often liaises with Shane

Miles and Roger Landers as they move from farm to farm.

“It’s a never ending ongoing activity that is part of farm maintenance and because PKW are committed to riparian planting there is a lot of work to keep us busy,” adds David.

With 5-10 years of planting on the horizon David is proud of the fact that the Incorporation is a leader in quality land management practices. He also appreciates the health & safety approach that PKW administrate with direction from PKW Health & Safety Manager Bronwyn MacFarlane.

“We have to be mindful we are working with machinery all the time and in all weather conditions in sometimes isolated places, so we monitor hazards and utilise the resources Bronwyn has provided us, that includes helmets and high visibility vests.”

Fellow fencers, Bill Gardner (Ngai te Rangi), Craig Hemara-Wahanui (Ngā Ruahine/Taranaki/Maniapoto) and Kahu Ngaia (Te Atiawa - featured in Issue 4)

also enjoy the camaraderie of being part of a larger PKW team.

Bill is a recent migrant to Taranaki having moved over from Tauranga for a change of lifestyle. He knew a little bit about PKW as a result of having attended FOMA (Federation of Māori Authorities) conferences and is enjoying the outdoor nature of the work as well.

Craig’s mother Te Rawanake Coles is a PKW shareholder so he’s grown up knowing about the organisation but never thought he’d be actually be working for them.

“I came from 30 years working in the meat industry, so to get the opportunity to work on the land – its pretty cool,” says Craig.

Top: Roger Landers discusses the days activities with Bill Gardiner, Craig Hemara-Wahanui

Opposite: The fencing team, Craig, David and Bill (absent Kahu Ngaia)

Repairs & Maintenance uses

on average 200 posts

A Full Conversion Farm uses on average

5,000 posts

16 | PĀKIHI

PKW Farms LP's commitment to sustainability has taken a step further with the inclusion of solar panels on the roof that will make the dairy shed completely self-sufficient in power. The solar power investment is expected to pay for itself within four years.

Since 2002 PKW have managed the Farm 2 Meremere Road Dairy Unit, that is located at Ohangai, south-east of Hawera. Operating with a 20-bail Herringbone dairy shed the existing building was built in the early 1980’s.

With regulatory rules around supplying quality milk to Fonterra becoming far more stringent, so too has the requirements around providing a safe working environment for on-farm staff.

Mindful of the Incorporation’s commitment to quality, a significant

investment has been made in a new dairy shed to ensure PKW are compliant with milk supply standards into the future and at the same time improve the working environment for staff.

Matt Kelbrick, the new Farm Manager who started with PKW in June 2014 is really pleased to be overseeing the Incorporation’s farming investment.

“The new shed includes some of the latest dairy shed technology, which will also provide benefits for both animal health and for the staff operating the property”, advises Matt.

At the same time, PKW will be upgrading the properties dairy-shed effluent system to ensure the farming business is at the forefront of dealing with effluent in an environmentally sensible manner. This will also ensure

that the effluent is utilised effectively on-farm for the good nutrient value it contains.

Some of the dry stock presently on farm originally came from Farm 22 in Tikorangi, north of New Plymouth.

“We have a lot of rough areas on this farm that the stock help tidy up so maximizing stock use across the PKW farms is a smart way to improve land use as well,” advises Matt.

Whenua looks forward to profiling more developments associated with this farming unit.

PKW LEADING DAIRY TECHNOLOGYi mprov ing our env i ronmental footpr i nt

Right: Matt Kelbrick is one of the youngest Farm Managers working for PKW Farms Ltd

PĀKIHI | 17

If you have been watching the news over the past few months you may have heard that Fonterra has reduced its forecast milk price from $7 per kg of milk solids to $4.70 per kg of milk solids for the 2014/15 dairy season.

This is big news to anyone involved in the dairy industry including PKW Farms LP. PKW Farms LP makes the majority of its revenue from supplying milk to Fonterra Cooperative Group (Fonterra).

A forecast or estimated milk price is set at the beginning of each dairy season based on what Fonterra believes it will sell to its global customers. This price can go up or down depending on what Fonterra’s customers are prepared to pay for their products which include a range of dairy products. Fonterra regularly revises its milk price based on business performance.

Last year (FY13/14) Fonterra paid a record price of $8.40 per kg of milk solids on the back of strong global demand for dairy products. This year the price has dropped to a forecast $4.70 reflecting a drop in demand for Fonterra’s products.

This is significant because it represents 33% less revenue for the farming partnership compared to the previous year. Unfortunately while revenue has reduced costs have remained largely the same. As a result PKW Farms LP is cutting back on non-essential operational costs and a number of planned projects will be deferred.

While this is disappointing PKW Farms LP is managing its costs as much as it can and preparing itself for when prices improve. On a more positive note PKW Farms LP’s diversification into beef rearing have proved beneficial this year with record beef prices helping to mitigate the impact of the low milk payout.

MILK PAYOUT REDUCTION TO IMPACT ON FARMING BUSINESS

18 | PĀKIHI

ĀWHINA | 19

It’s been 30 years since the Parininihi ki Waitotara Trust awarded its very first scholarship and since then the Trust has distributed hundreds more.

As the global demand for kai continues to increase, Parininihi ki Waitotara needs skilled people to help us grow and keep up with that demand. Therefore Parininihi ki Waitotara is doing a lot of work around succession and who will run this organisation in the future and we need to start finding these people now. An obvious place to begin is to return to those we supported with their tertiary studies. Within this network of people could be the future Chair of the Committee of Management, Chief Executive Officer or Drystock Manager. Or potentially a role with Taranaki Iwi.

We’d like to hear from everyone who received a tertiary grant or scholarship from 1983 through to 2014 to find out what you’re up to and how you could return the support to Parininihi ki Waitotara and Taranaki. This will also be the first step towards creating the PKW Alumni, a forum for tertiary grant recipients to network, trade contacts and inspire the future generation.

If you, or someone from your whānau received a tertiary grant then contact Allie or Candy or email their details to office@pkw.co.nz

WHERE ARE YOU NOW?Call i ng all

scholarsh i p and

tert iary grant

rec i p i ents from

1 983 to 20 1 4

2015 TERTIARY GRANTS & SCHOLARSHIPS

NOW OPENThe PKW Trust was established to support the education and cultural aspirations of Taranaki Māori and these grants achieve this objective and each year the PKW Trust invites Taranaki uri to apply online through the PKW website for a 2015 tertiary grant or scholarship.

Eligibility

Students must:• Be enrolled with an NZQA approved NZ tertiary institute;• Be endorsed by a current PKW shareholder;• Whakapapa to at least one Taranaki Iwi* and• Provide confirmation that course fees have been paid.Students applying for a scholarship must have a history of high academic achievement.

*whakapapa not required if you have received a grant from the PKW Trust before

Type of awards

Award Number available

Term Value Key info

Charles Bailey Scholarship

1 3 years $7,500 per year

Postgraduate only. Studies must contribute to PKW business activities and recipient must be available to PKW throughout the term of the scholarship. For full or part time students

Postgraduate Scholarships

3 3 years $5,000 Per year

Postgraduate only. Studies must contribute to PKW business activities. For full or part time students

PKW-Ravensdown Scholarships

2 3 years $5,000 per year

Must study, horticulture or science at an undergraduate degree level. Full time students only. Possible paid holiday work with Ravensdown.

Undergraduate scholarship

5 3 years $2,000 per year

Can study in any area at an undergraduate level. Full time students only.

Tertiary Grant 100 One year Varies Can study in any field at any level. For full or part time students.

All scholarships are awarded for three consecutive years subject to performance. Unsuccessful scholarship applicants are automatically considered for a tertiary grant.

How to make an application1. Go to our website: pkw.co.nz/scholarships2. Click on the link apply here3. If a first time applicant create your profile then start your

application, or If returning log in, update your profile and start your

application4. Applications close by 5.00pm, 31 March 2015

5. Print and complete the supporting documents. Must reach PKW by 8 April 2015

6. PKW Shareholder must complete one of the supporting documents

Key information- Closes 5.00pm 31 March 2015- Contact Allie for more information

ĀWHINA | 21

2009 Charles Bailey recipient Ngahina Hohaia has been making headlines around the world with her exhibition work. Her family background of Māori (Taranaki Iwi, hapū, Ngāti Moeahu, Ngāti Haupoto, Parihaka), and Greek/Irish heritage shaped her earlier learning in traditional weaving, carving, painting and adornment and now she has channeled that learning into incredible artworks. Recently Whenua had the opportunity to catch up with her on one of her many visits home to pose a few questions on her work, her influences and the importance of being a PKW Alumni.

What made you apply for the scholarship?

I had just completed a Bachelor of Māori Visual Arts degree at Massey University Palmerston North, and was in the first year of my postgraduate studies towards a Masters degree in Māori Visual Arts when I applied for the scholarship. Continuing with my tertiary studies at postgraduate level with a young family at the time was a commitment that I didn't take lightly. And applying for the scholarship was not only a means of helping to support that commitment financially, but it was also validation of the importance

of attaining higher education as a member of my whānau, hapū, and iwi. Being born and raised in Taranaki, my childhood and young adult years were very much centered around Parihaka, and I would often go with Dad to hui and his other iwi involvements in the wider Taranaki rohe. I left Taranaki to pursue my tertiary education, frequently returning home to my whānau at Parihaka. While at Art School the basis of many of my projects were grounded in concepts relating to the legacy of our people, our history and lands of Taranaki. So for me, applying to PKW for the Charles Bailey scholarship was important because it specifically gave

NGAHINA HOHAIACHARLES BAILEY ALUMNI -TELLING OUR STORY

22 | ĀWHINA

validation to my tertiary studies from within the context of my own rohe and iwi, which meant a great deal to me.

Did being a Charles Bailey scholar hold any special significance?

Becoming a recipient of the Charles Bailey scholarship was really humbling. It's something quite special to be given support from your own people, from within your own rohe. It's immensely encouraging, and also a reminder of the reciprocal relationship of giving back to the rohe, of being a part of contributing to our own communities and kaupapa that help to sustain our iwi. There has been an amazing caliber and range of Charles Bailey scholarship recipients over the years, and I am humbled to have been included among them.

What did you know of PKW Incorporation before applying?

The name PKW was referred to often in our home while I was growing up, as it also would have been for most other Māori families of Taranaki concerned with the legacy of our lands. People would often come to visit with Dad to talk about land issues. Terms such as "the Māori owners", "rightful owner", "beneficial owner", "shareholder", "lessee", "West Coast Lease", "perpetual leases", "peppercorn rentals", "market rental" "land alienation", and "dispossession" were all terms I frequently heard discussed with great gusto and passion in our family home. I would later learn what these terms were about and the issues that they referred to. The legacy

of our Taranaki lands and the ongoing relevance of these issues would also later become the key concepts underpinning my art practice.

How did the scholarship support your professional development, add value?

Beyond providing financial assistance towards the enormous cost of postgraduate fees, the outrageous cost of art materials, and the normal financial struggle of rigorous student life - the scholarship was also greatly beneficial for the value it added to the early stages of my developing art career with the credibility it provided through the prominence of PKW. There have been numerous artist biographies exhibited and published in which I have been able to make reference to being a recipient of the Charles Bailey scholarship as part of my career development.

There is quite a bit of talk about focusing the postgraduate scholarships on future leaders and contributors to the development of our people in Taranaki – pehea tou whakaaro mo tera?

Supporting the growth of future leaders who can be contributors to the development of our Taranaki people is hugely important in terms of our cultural, social, and economic sustainability for our future. If this becomes the criteria for the PKW scholarships, I think it's important to acknowledge that sustainability for our peoples future and the future of our whenua requires more than just corporate

leadership, that there is not just one model that constitutes a future leader. There many diverse roles of leadership needed within our communities for the development and wellbeing of our people and our environment.

As a scholar do you have any advice for future applicants?

No, not advise as such. I think if our people have continued on through the education system to pursue tertiary qualifications, they deserve to be commended for their commitment in achieving that, regardless of whether their scholarship application is successful or not.

What are your future aspirations?

Taranaki has an ancient history grounded in artistic excellence. Our narratives tell us so, and the remnants of our taonga validate this. We were prolific producers of muka, and renowned for the quality of our harakeke and weaving skills.

It's a vibrant legacy to draw from in terms of the ancestral example of creative resourcefulness, innovation and productivity. I would love to see the establishment of a Taranaki Kura for Visual Culture, that encompasses customary art forms, contemporary art, and Taranaki reo and History.

"He toi whakairo he mana tangata" - Where there is artistic excellence, there is human dignity. And where there is human dignity all good things are possible.

“ it's important to acknowledge that sustainability for our peoples future and the future of our whenua requires more

than just corporate leadership ”

ĀWHINA | 23

Top Left: Roimata Toroa, 2006Ngahina HohaiaRecycled woolen blanket, embroidery cottonImage courtesy of the artist.Collection of the Govett Brewster Art Gallery

Top Right: Paopao Ki Tua o Rangi, 2009Ngahina HohaiaAudio-track, moving image, recycled woolen blanket, embroidery cottonImage courtesy of the artistCollection of the artist

Bottom Right: Roimata Toroa, 2006 (detail)Ngahina HohaiaRecycled woolen blanket, embroidery cottonImage courtesy of the artist.Collection of Govett Brewster Art Gallery

Bottom: Te Kahu o te Karauna/This is why I don't stand for the national anthem, 2012 Ngahina Hohaiaun-galvanised chain, steel reinforcment rod, mild steelImage courtesy of the artistCollection of Te Manawa Art Gallery

Portfolio of Work

From her early works to now Ngahina has continued to expand and evolve into contemporary sculpture employing digital moving image, metals, recycled woolen blankets and other mixed media sculptural forms.

Always politically charged, Ngahina's artworks explore a discourse of the continuation of colonisation and cultural collision in New Zealand, her art stands as a re-assertion of mana tangata whenua - the reclaiming self determining indigenous voice and space.

With a Masters of Māori Visual Arts - Massey University, Ngahina’s public exhibition history now spans over a decade, her work has been exhibited throughout New Zealand and overseas, including Sydney, Hawaii, and Sweden.

In 2007, she began her postgraduate studies towards a Masters of Māori Visual Arts, and in the same year was a recipient of a Te Waka Toi Māori Arts Board of Creative New Zealand scholarship for Emerging Māori Artists, and also a recipient of the PKW Charles Bailey Memorial Scholarship.

Ngahina's first solo exhibition Roimata Toroa was in 2007 at the Govett-Brewster Art Gallery, New Plymouth. Her large scale installation work Roimata Toroa, now forms an important part of the Govett-Brewster Collection.

In 2009, Ngahina exhibited her multi-media installation Paopao Ki Tua o Rangi in the group show 'Fresh out of the Box' at Puke Ariki Museum, New Plymouth. Shortly after, she traveled to Sweden to exhibit another fibre installation work Patuki Manawa in the group show 'Fibra Spirare', an exhibition that showcased New Zealand fibre artists.

Also in 2009, her large poi installations Roimata Toroa and Paopao ki tua o Rangi comprised her solo exhibition Ngahina Hohaia that launched the City Gallery Wellington's new Roderick and Gillian Deane Gallery dedicated to Māori and Pacific Art. Both of these installations were configurations of hundreds of hand woven poi intricately constructed from recycled woolen blankets, and embroidered with symbols relating to the Parihaka movement and the legacy of non-violent resistance against colonial land-

grabbing. Ngahina's poi installations are based on the Taranaki tradition of poi manu, and pay tribute to the strength and resilience of the visionary leadership of Te Whiti o Rongomai and Tohu Kākahi, and the continued global relevance of their messages of justice and peace.

Then in 2010, Ngahina was further recognised for her achievements in the Arts by the Arts Foundation of New Zealand, with a New Generation Award.

Her recent group exhibitions include Navigation Pacifica 2013 at the Casula Powerhouse Arts Centre Sydney; Call of Taranaki at Puke Ariki, New Plymouth 2013; and Matatau at Bath Street Gallery, Auckland 2013.

In August to October 2014, Ngahina was the Govett-Brewster Art Gallery National Artist in Residence, undertaking a 3 month art residency with the Govett-Brewster Art Gallery.

For 2015 Ngahina will exhibit her new work as a key part of the Govett-Brewster Art Gallery and Len Lye Centre’s high profile opening exhibition 'Our Hearts of Darkness.'

24 | ĀWHINA

Te Reimana Marumaru, who has completed his studies at Lincoln University, won the inaugural PKW-Ravensdown university scholarship in 2012.

Te Reimana (Rei) who hails from Bulls near Palmerston North received the $5,000-a-year award for fees for his agricultural degree as well as the chance to complete paid holiday work in an area of Ravensdown’s business. Here Rei explains what the scholarship has meant and urges others to give it a go and send in their applications before 31 March 2015 deadline for the next PKW-Ravensdown scholarship.

How important was the scholarship to you?

The scholarship was worth $5,000 per year for the two years I had remaining in my studies. This was extremely important because I had already had two years of study and it was beginning to be a large financial burden! Receiving the scholarship meant that I had one less thing to worry about and could focus more on what really mattered which was actual papers I was studying.

What have you studied and how will it be relevant to your career?

At university I have completed a Diploma in Agriculture, a Diploma in Farm Management and a Bachelor of Commerce in Agriculture majoring in Farm Management. These courses give a good foundation of skills which can be expanded upon once studies finish. As well as majoring in farm management in the final years of the Bachelor of Commerce degree, I also tended to focus on soil science which aligns with what Ravensdown is looking for in their graduates.

Why is it important for Ravensdown to continue investing in scholarships?

I think it is essential for getting higher qualified people into the agricultural industry. Personally, I would have quite happily left at the end of two years with the qualification that I had achieved. The scholarship however

INAUGURAL PKW-RAVENSDOWN SCHOLARSHIP RECIPIENTTE REIMANA MARUMARU

ĀWHINA | 25

26 | ĀWHINA

allowed me to further my studies which has opened up many more exciting and intriguing career opportunities that I would have otherwise not been exposed to.

What would you say to parents and students who are thinking of applying for the next PKW-Ravensdown scholarship?

Go for it! I would recommend to any prospective applicants that they try not to be overwhelmed by the calibre of the people in the interview room. Ensure that you are well prepared and confident to give yourself the best opportunity to be successful.

What attracted you to work for Ravensdown?

I saw it as a great opportunity to learn from and work for the leaders in their particular field of the primary sector. I am a firm believer in learning from the best and saw Ravensdown as the best place for me to do so.

What has the value of PKW's joint sponsorship meant to you?

It has been invaluable to me in terms of the contacts I have made with influential people in the agricultural industry.

It also has enabled me to reconnect with my Taranaki ties which was important to my family especially my Aunty Witerina Cooper.

Please refer overleaf for details on the new scholarship round that is being held closing on 31 March 2015.

Page 25: Te Reimana Marumaru standing in front of the wharenui at his whånau marae Putiki, Whanganui

Opposite: Te Reimana's whånau are proud of his achievements.

L-R: Father, Te Hoeroa Marumaru, Aunt Witerina Cooper, Te Reimana, Aunt Colleen Hall and Uncle Wally Cooper

26 | ĀWHINA

MĀTAURANGA | 27ĀWHINA | 27

28 | MĀTAURANGA

The final whistle on this scholarship is blownat 5.00pm, 31 March 2015, so take a punt today.

Applicants must whakapapa to at least one Taranaki Iwi and be endorsed by a current PKW shareholder

Because you’re thinking about a degree in agriculture, horticulture or science, you know scoring $5,000 a year will go a long way to help. To win this scholarship from Parininhi Ki Waitotara (PKW) and Ravensdown, apply online through the PKW website.

The recipients may be o�ered paid holiday work with Ravensdown in a variety of roles to kickstart their career

MĀTAURANGA | 29

The final whistle on this scholarship is blownat 5.00pm, 31 March 2015, so take a punt today.

Applicants must whakapapa to at least one Taranaki Iwi and be endorsed by a current PKW shareholder

Because you’re thinking about a degree in agriculture, horticulture or science, you know scoring $5,000 a year will go a long way to help. To win this scholarship from Parininhi Ki Waitotara (PKW) and Ravensdown, apply online through the PKW website.

The recipients may be o�ered paid holiday work with Ravensdown in a variety of roles to kickstart their career

MAYORAL AWARD FOR PKW CHIEF EXECUTIVE COMMUN ITY ENDORSEMENT OF OUR CAPAB I L I T I ES

Across Taranaki there are a number of individuals that contribute to our business community on a sustained basis over many years, their leadership creates growth and opportunities for all Taranaki businesses or puts Taranaki on the international map for the world to see what we are capable of as a region.

The Taranaki Chamber of Commerce New Plymouth District Council Mayoral Award is presented in recognition of sustained leadership and contribution to the Taranaki region to a leader in the business community. Generally the award will recognise one individual, but occasionally it is given in recognition of a business where the collective leadership over several years has contributed to the strength and vibrancy of Taranaki.

Awarded to PKW Chief Executive Dion Tuuta at the Taranaki Chamber of Commerce Business Awards, Mayor Andrew Judd highlighted the significance of the award to PKW.

“This awards celebrates exceptional vision and leadership within successful businesses. Such values are particularly important in sectors that, historically, haven’t had the support, the opportunity or the framework to achieve their potential.”

“It is among these sectors that leadership that inspires and takes a long-term view is particularly important.”

“…This years winner leads an organisation that generated more than $20m in revenue over the last year, and a profit more than three-quarters of that.”

“It oversees 7,700 cows, 2300 hectares, and is inextricably linked to our region’s success.”

“This is supported by an impressive strategic vision, which is backed up by an active policy of reinvesting in its shareholders and in future generations through its own trust.”

“The story of Parininihi ki Waitotara has its roots in the loss of Māori land, but today it is an example of smart and sustainable growth with deep connections to Taranaki’s rich landscape. This growth has immense potential for the Māori community and Taranaki as a whole.”

For Dion Tuuta joining previous winners have included Noel Yarrow (founder of Yarrow Bread), Roy Weaver (outgoing CE of Port Taranaki), John Young (previous Director PKW Farms, one of his many roles) even Hollywood actor Tom Cruise in 2003, is an honour.

“I’m proud that PKW's collective leadership has been recognised in this award”.

Above: PKW Chief Executive Dion Tuuta at awards ceremony with Mayor Andrew Judd

30 | MĀTAURANGA

Te Tumu Paeroa, the new Māori Trustee, has launched the rollout of their exciting new online information service, My Whenua.

My Whenua gives Māori land owners a website specifically designed to hold information about their land. My Whenua includes maps, photos, land facts, meeting minutes, financial statements, owners lists and more. To keep people informed My Whenua also has an email notification service where owners get updated when there is news and updates on their website. My Whenua provides a transparent service for owners across Aotearoa and whānau who live abroad.

Jamie Tuuta, head of Te Tumu Paeroa says that My Whenua is part of their commitment to keeping owners informed.

“With My Whenua we can provide owners with easier access to more information about their land than we have ever before. It enables owners to stay connected with their land no matter where they live. We have seen the need to evolve with our communication from traditional ways of reaching people. Not only will My Whenua help the current owners – it also helps the next generation of landowners to be connected with their land”, says Jamie.

The My Whenua service will be rolled out to over 1,500

trusts that are administered by Te Tumu Paeroa over an 18 month period. This includes 150 Trusts in the Whanganui, South Taranaki and vserving over 5,000 Māori land owners.

With many owners already using the service, My Whenua is getting great positive feedback. Karina Tipene is an owner of Māori land in the Halcombe area and sees the value of My Whenua.

"This My Whenua website idea is awesome. I can keep up to date on what is happening and not wondering when a meeting is coming up or if I miss a hui what the outcome was, due… being able to read the minutes of the hui. This site has now opened up a new avenue for those who may not be able to travel and admittedly the cost of travel is expensive for some", says Karina.

If you have land administered by Te Tumu Paeroa, make sure you provide them with your current email address so that you can get access to My Whenua as its rolled out – simply go to www.tetumupaeroa.co.nz and click “update your contact details”. For more information about My Whenua including a demo of the service see

www.tetumupaeroa.co.nz/mywhenua.

New online information service for Māori land owners

MĀTAURANGA | 31

32 | MĀTAURANGA

NEW WHARE BRINGS NEW FUTUREWAIOKURA MARAE, MANAIA, SOUTH TARANAKI

is still the youngest Regional Council chairperson ever elected having been at the helm of the Taranaki Regional Council since 2007. He is also on the board of Port Taranaki, the National Council of Local Government New Zealand, and still maintains his business interests in Greaves Electrical based in Hawera.

Though he is a busy man, continuing to represent the interests of PKW remain at the forefront.

“This present role with Fonterra is both very interesting and challenging and the election process was quite rigorous in order to get the strongest governance team as possible”, said David.

“It also means travelling around the world in order to interact with customers, different communities right through to government officials and leaders. I have to do a lot of travelling

throughout New Zealand as well as meeting with shareholders and other key stakeholders.”

PKW is Fonterra's largest Taranaki shareholder and currently sits at about 13th largest overall.

“I believe it is important to have representation across the value chain as there are a lot of similarity in opportunities and challenges facing both organisations”, says David.

To date David has been appointed to a number of Fonterra committees;Audit Finance and Risk CommitteeMilk Price PanelCo-operative Relations CommitteeInternational Farming Group

In the very first issue of PKW (December 2011) we reported on the milestone achievement with David MacLeod’s appointment to the Fonterra Board of Directors. (In the November 2014 elections David Macleod was re-elected back onto the Fonterra.)

David has whakapapa connections to Ngāti Mutunga, Ngā Ruahine, Ngāti Ruanui, Ngai Tahu and Ngāti Porou and

RE-elected to

FONTERRA board

PKW DIRECTOR DAVID MACLEOD

“ I believe it is important to have

representation across the value

chain as there are a lot of similarity in opportunities and

challenges facing both organisations ”

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