Tourism Holdings drops as NZ sharemarket ends week on high
The S&P/NZX 50 Index closed up 0.49% or 62.12 points, rising to 12,766.60, with 25,599,275 shares changing hands to the value of $92.7 million.
The S&P/NZX 20 index closed at 7488.96, up
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The NZ sharemarket bounced back today while Tourism Holdings dipped after forecasting a lower than expected underlying profit. The S&P/NZX 50 Index closed up 0.49% or 62.12 points, rising to 12,766.60, with 25,599,275 shares changing hands to the value of $92.7 million. The S&P/NZX 20 index closed at 7488.96, up
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Jon with a box of newly harvested vegetables Photo: Supplied It's a little over two years since Crooked Vege started up near Ōtaki with a plan to allow people to just "pay what you can" for a weekly vege box. What started with a somewhat noble, if not radical idea, for New Zealand at least, seems to be working, notwithstanding some challenges. Back in 2023 , co-founder Jonathan Mines was living in a portacabin looking out over a few newly dug rows, with an experimental cover crop in a small polytunnel. When Country Life visited again this week, things had revved up more than a notch. Follow Country Life on Apple Podcasts , Spotify , iHeart or wherever you get your podcasts. The registered charity has gone from 200 to 300 square metres in production to about 1500m2. There's a large greenhouse heaving with winter crops, an automated irrigation system and a nursery "you can stand up in", helped by $34,000 in donations after a crowdfunding exercise. "Still very DIY, but far more functional," Mines said. Winter crops flourishing in the greenhouse Photo: RNZ/Sally Round The trust-based model of pay-as-you-can weekly vege boxes is done in conjunction with Ahoaho Māra Kai at Ōtaki College. "There's no means testing. If people need access to affordable, high quality veg, you shouldn't have to prove that you're poor to get that." Do people still think it's a crazy idea? "Mostly that language has turned to support, more than 'you guys are naive and a bit silly and a bit daft and idealistic'." So, how successful have the boxes been and is it sustainable for the growers? Largely, it is, Mines said. "People seem to be pretty honest. We state what the average value of a veggie bag subscription is, and people, they just choose what they want to pay," Mines said. "So it's self-policing, totally trust-based." Around 60 percent of people pay the asking price, while 10 to 20 percent pay more than that and 15 to 25 percent under. The farmers are paid a fair wage but also rely on the support of volunteers. At work in the vegetable beds Photo: Supplied "We don't really track individually what people are doing but I know sometimes there are people who can't afford to pay anything in a certain week, and that's totally fine," Mines said. "That's really the sort of people that we want to be growing food for, like people who really care about where their kai comes from, but are just in a tough place." Mines said they also grow some niche crops for restaurants, and supply retailers and an honesty box outlet in the neighbourhood, with zero waste. Crooked Vege grows vegetables for a pay-what-you-can vege box and for local restaurants as well as a few retailers Photo: Supplied But there have been challenges. They have been burgled twice in six months and are fund-raising to replace $5000 worth of power tools and specialist equipment, and to upgrade their security system at the cost of about $9000, an amount they'd rather put into the community, Mines said wryly. So, has he ever felt like giving up over the past two years? "Yeah, heaps. I don't know, I guess there's a lot of stubbornness there, or pig headedness or stupidity." Jonathan Mines Photo: RNZ/Sally Round Living conditions are a bit easier for Mines two years on from living in a leaky trailer followed by a chilly off-grid cabin. "I'm not at all thinking about leaving this project, other than, you know, those really dark moments, like when you turn up to work and your door has been smashed down with a pickaxe." He said the goal is to get the farm to a spot where it pays everyone a reasonable wage. "We know we've done heaps of hard mahi in setting this place up, and if we were ever to leave it, would want it to be making it easier for someone else to be stepping into this kind of work." If you'd like to assist Crooked Vege, go to Learn more:
