A writedown of almost 60% in the value of Fisher and Paykel Appliance Holdings' North American business could result in a brand disappearing and wipe out the value of one of its manufacturing plants.
Farming leaders concede Fonterra shareholders may be unhappy at the level of senior management salaries in the co-operative, but say the dairy co-operative is competing internationally for talent.
Botry Zen officials were yesterday celebrating a significant achievement with the Dunedin company receiving United States product registration for its biological control agent, BOTRY-ZEN.
The first shares have been traded in Silver Fern Farms, which yesterday joined the Unlisted exchange.
Britain is open for business and the perception it is ravaged by depression is far from reality, the British High Commissioner to New Zealand says.
Last year has proved to be too good to be true for sheep farmers like David Pullar, of Pukerau.
A common gripe among farmers is that their income did not grow to match expanding compliance regulations and bureaucracy.
The founders of the Reda textile company started as Italian farmers and have returned to those rural roots with the purchase of three South Island high country sheep farms.
The woolshed is in the Waitaki Valley but the accents from within are distinctly Italian.
The venison kill could slip below 400,000 animals next year.
Fears a recent sale of mainly merino hogget wool could meet a reluctant market proved unfounded, with a 95% clearance and a lift in the average auction price.
Markets remain strong and consumers want our lamb, but the export unfriendly exchange rate could see prices in the coming season 20% to 30% lower than last year, scuppering what should have been a second strong financial year for sheep farmers.
A public float or foreign sale of some or all of South Canterbury Finance's farm assets looks likely in the face of growing interest from overseas investors.
Silver Fern Farms has come through a difficult trading year with a stronger balance sheet, but a $5.1 million operating profit means no end-of-year distribution to suppliers.
Wool markets may be in the depths of depression, but specialist fine wool marketer New Zealand Merino has shown that changing the way the fibre is sold can be profitable.
Business is calling on the Government for more action on workplace skills, saying unemployment figures would not stay at current levels for long and the problem of skills shortage would return.
Just $5 million of the $22.2 million in new equity raised by Silver Fern Farms (SFF) through its recent rights offer, has been paid up front.
The servicing sector contracted in the south last month, despite expanding in the rest of the country.
Some questions remain about the actions of PGG Wrightson's new China-based cornerstone shareholder, but the move by Agria Corp to buy a 12% stake last week is being viewed positively by the market.
Future aerial application of 1080 could become more difficult as opponents of the poison become more organised, according to Animal Health Board chairman John Dalziell.
