Dear valued shareholder,
In this update, we announce another initiative that we are launching to deliver further value to you as a Ballance shareholder.
Applications are now open for our Fixed Price Nitrogen pilot, as mentioned in our last update, and we remind you of our 2024 Annual Meeting to be held online later this month.
Announcing SimplyFert
As signalled in our update on 16 August, we will be announcing several new initiatives in the coming months. Today we are announcing SimplyFert, an ex-hub model which gives you access to our core products at a lower, ex-hub price.
A minimum order of 12 tonnes must be placed and picked up directly from one of Ballance’s hubs located at Mount Operations, Maru Street, Timaru and Awarua (rather than a local Service Centre) and cover your own freight costs from our hub to your farms.
Please note, if you purchase SimplyFert you forgo the additional services Ballance offers, through its normal channel, such as nutrient advice, digital tools, and new products.
We know that most of you value the full service that Ballance provides, however there are some, who in some instances, don’t require the support and convenience of our full distribution network or who may not want access to our full suite of services.
This is the second service innovation we have launched this quarter, following the announcement of our Fixed Price Nitrogen pilot last month.
We will continue to look at ways to offer services and solutions that meet your needs.
SimplyFert is available at Mount Operations, Maru Street, Timaru and Awarua. For further information please go to www.simplyfert.co.nz.
Find out more
Fixed Price Nitrogen - applications now open
In our last Shareholder Update, we announced the launch of a Fixed Price Nitrogen pilot, an initiative we’ve developed to give you greater stability and confidence when planning ahead. You can read more about Fixed Price Nitrogen here.
Applications for this pilot are open for Ballance Shareholders, from today until 5pm on Wednesday 18 September. Based on feedback, we have dropped the minimum contract volume to 10 tonnes to make it more widely available.
A limited volume of nitrogen will be available as part of the initial pilot. You can apply for a minimum contract volume of 10 tonnes and a maximum volume of 500 tonnes on Nrich Urea or SustaiN for delivery across the six-month contract period.
2024 Annual Meeting
A reminder that our 2024 Annual Meeting will be held online on Wednesday 25 September. A Notice of Meeting has been posted to you this week and includes further details and instructions on how to join online. You will have a chance to ask questions of the Ballance Board and leadership team, so we hope you can join us and take this opportunity.
As always, please reach out to either of us directly anytime, via email or phone, with any questions or feedback.
Warm regards,
Duncan Coull
Chair
Duncan.coull@xtra.co.nz
027 472 7110
Kelvin Wickham
Chief Executive
Kelvin.wickham@ballance.co.nz
021 513 028