Annual General Meeting


The 57th Annual General Meeting of the Ashburton Trading Society Limited will be held on Wednesday 18th November 2020 7:00pm in the Auditorium at the Ashburton Trust Event Centre, 211 Wills Street, Ashburton.

Mr Alister Body retires from the board by rotation in accordance with Rule 6(c) and does not seek re-election.

We have received one nomination for this position from Mr David Carter. Accordingly, Mr David Carter will be elected unopposed at the upcoming AGM.


David Carter

Occupation: Farmer

Current Governance Experience:

Successful farming business owner for 48 years.

Completed a successful parliamentary career on 17 October 2020 after 26 years.

Attending Institute of Directors Governance Course in November 2020.

Previous Governance Experience:

I have chaired numerous select committees as a Member of Parliament and became a Senior Cabinet Minister 2008 to 2012. I was involved in all major decisions of Government at that time.

Elected Speaker of the NZ Parliament at the start of 2013, until the end of 2017. Effectively the country’s major governance role.

On-Farm Background:

As a sole trading farming enterprise, I have purchased, developed, farmed and sold a number of farm properties over a 48-year farming career. I currently farm a 10,000 stock unit sheep and beef breeding and fattening operation, spread over 3 properties: Manor Farm and Burnt Hollow on Banks Peninsula, and Cat Hill in North Canterbury.

After obtaining a B.Agr.Sc degree in 1974 I was founder and managing director of NZ Transplant Breeders Ltd, New Zealand’s first commercial cattle embryo transfer company, that achieved a turnover of $1 million in its second year of operation.

Off-Farm Background:

  • Speaker of NZ Parliament 2013 to 2017.

  • Minister of Agriculture, Biosecurity, Economic Development, Forestry, and Primary Industries 2008 to 2012.

  • Minister of Customs 1998 to 1999.

  • Associate Minister of Revenue and Education 1998 to 1999.

  • Member of the NZ National Party caucus 1994 to 2020.


Though city born and bred, my passion was always to be a farmer. Armed with a B.Agr.Sc from Lincoln, I started farming at West Melton in 1972. I established New Zealand’s first commercial embryo transplant company to help introduce the new “exotic” cattle breeds to Australia and New Zealand. But politics was my other passion. I was elected to Parliament in 1994, and on the pathway to achieve my ambition—Minister of Agriculture. This was finally interrupted when Parliament elected me to be Speaker, a privileged position that I held for five years. But, after 26 years as an MP, it’s time to let another generation have a go. It’s a chance to offer my experience to my first passion—NZ agriculture. Ruralco has a unique history. I believe with good governance, good management, and a dedicated staff, it has the potential to deliver even greater benefits to its shareholders.


2020 Annual Report

Your attendance at the AGM is important to all Shareholders and to the Board. You will hear about last year's results and the future direction of Ruralco.

We will be bidding farewell to our outgoing Chairman, Alister Body who has given over 9 years of service to the Ruralco Board. Please join us in thanking Alister for his commitment over the years.

You will also have the opportunity to catch up with other Shareholders and friends in the industry.

Click below to see the recent Annual Reports. The 2020 Annual Report will be available from the 2nd November 2020.


Annual Report




If you are unable to attend the AGM, you can always appoint a proxy to vote on your behalf at the AGM. Under the rules a member attending the AGM can only carry one proxy on behalf of another member. Proxy forms are available on or after the 4th November. From that date you will be able to download the proxy form from here, or collect from our reception, or request one to be posted to you by emailing Please note that all completed proxy forms are to be deposited at the reception of Ruralco, 98 Burnett Street, Ashburton or emailed to, before 5:30pm Tuesday 17 th November, 24 hours before the Annual General Meeting.



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