PGG Wrightson says it is not cashing up after recent decisions to sell its shares in New Zealand Farming Systems Uruguay and news it has sold Dunedin technology business Fecpak International back to private interests led by its founder.
The country's largest meat company, Silver Fern Farms, has virtually completed restructuring of its balance sheet, which chief executive Keith Cooper said will have debt of $100 million and 70% equity at this year's balance date.
Farmers are citing low confidence as a reason for the Reserve Bank not to raise the official cash rate on Thursday.
Exporters may not agree, but the New Zealand dollar is undervalued according to the tongue-in-cheek Big Mac index published by the Economist magazine.
The economy appears to be entering a cycle of rising interest rates with most commentators picking the Reserve Bank to raise the official cash rate a further 25 basis points on Thursday to 3%.
Earlier this month, a helicopter-based shooter flew for more than 21 hours to kill 32 rabbits on Galloway Station, but property owner Andrew Preston says forget the cost per animal, they were the cheapest rabbits he will ever kill.
Prices rose at the first substantial offering of wool for the new selling season, with 85% of the 17,800 bales on offer selling.
For 33 years, Paceco No 1 crane has towered over Port Chalmers, defiantly standing up to an assault of wind, rain and salt air to load and unload shipping containers for Port Otago.
A takeover bid for food producer Affco Holdings by Talleys Group is further evidence of a scramble for ownership of the country's dairy manufacturing assets, according to sharebroker Peter McIntyre.
Olam International has warned that remaining shareholders of New Zealand Farming Systems Uruguay (NZFSU) will have to find some cash if Olam's buyout of NZFSU fails.
A proposed strategy for the meat industry will look at ways to improve the $6 billion export sector's profitability, not its structure.
Secured creditors will receive less than half their investment and unsecured creditors nothing from the receivership of two Dunedin-based investment companies.
Shareholders have been urged not to accept a takeover offer for New Zealand Farming Systems Uruguay by a minority shareholder until after an appraisal by independent directors.
As debate rages about foreigners owning New Zealand farm land, ownership of another dairy processor has slipped out of local control, with Chinese company Bright Dairy proposing to take a majority stake in Synlait Milk.
Wool industry veteran Keith Ovens has been named the inaugural winner of the Heather Perriam Memorial Award, which recognises those who have given service to the merino industry.
Farmers are forming Meat Goat NZ, a producer body to grow the industry and give producers a voice.
The first tranche of costs associated with the emissions trading scheme, which came into force this month, could cost the meat, wool and dairy processing sectors $65 million a year.
A Chinese-backed company is emerging as a leading contender to buy 16 North Island dairy farms, after the receiver for the Crafar family portfolio yesterday dismissed a bid by Landcorp.
The Ross and Glendining company name sits proudly above many Dunedin buildings but its business and economic relevance may finally be recognised.
Rural servicing co-operative CRT expects turnover to exceed $1 billion this financial year as acquisitions and investments start to bear fruit.
