$4.55 milk payout confirmed
$4.55 milk payout confirmed
Fonterra has confirmed a forecast milk price of $4.55 a kg of milk solids for next season, saying better profits have compensated for the effects of the rising value of the New Zealand dollar.
Neal Wallace
Ravensdown lifts shareholder return
Ravensdown lifts shareholder return
Ravensdown has weathered a year of lower sales and record raw material prices to increase its returns to shareholders.
Botry Zen raises nearly $1.8m despite shareholder rebuff
Botry Zen raises nearly $1.8m despite shareholder rebuff
Botry Zen has raised virtually all the $1.8 million its shareholders refused to stump up with last year, with news Melic Innovators is investing a further $1 million in the Dunedin biotechnology company.
Co-operatives in need of more owner buy-in
Co-operatives in need of more owner buy-in
The co-operative business model was not broken, but needed greater financial commitment from company owner-suppliers, a business leader said yesterday.
Fish and Game costs action
Fish and Game costs action
The High Court has been asked to determine costs against Fish and Game New Zealand after its failed legal bid to get access for its members to Crown pastoral lease land.
Council's dual rabbit role raises questions
Council's dual rabbit role raises questions
Questions are being asked whether the Otago Regional Council has a conflict of interest by being both rabbit compliance administrator and owner of Otago's largest pest control company, Regional Services.
Council takes aim at rabbit numbers
Council takes aim at rabbit numbers
Otago farmers will have three years from August 1 to get rabbit numbers to a McLean scale of three or lower.
Wool sector pins hopes on funding
Wool sector pins hopes on funding
Two years of transitional funding from farmers is the last throw of the dice for crossbred wool to reverse its fortunes, according to farming leaders.
SFF seeks $80m to reduce its debt
SFF seeks $80m to reduce its debt
Silver Fern Farms hopes to raise $80 million, but could raise $128 million, through its proposed capital restructuring.
Whatever it takes to modernise Silver Fern
Whatever it takes to modernise Silver Fern
For the second time in less than a year, shareholders in Silver Fern Farms will be asked to vote on a proposal that will fundamentally change the way the meat company does business.
Norgate hands over reins as PGG-W chairman
Norgate hands over reins as PGG-W chairman
Yesterday's sudden resignation by PGG Wrightson chairman Craig Norgate was greeted with barely a murmur by the sharemarket, which the man himself said was appropriate.
Pressure on farmers eases
Pressure on farmers eases
Farmer's bank accounts have been given a reprieve with Meat and Wool New Zealand trimming its budget and the size of its proposed levy for sheep and beef farmers until 2014-15.
Control issue for SFF
Control issue for SFF
Fears farmers could lose control of their co-operative has become the defining issue for critics of Silver Fern Farms' capital restructuring proposal.
Omarama farmer wins top sheep breeding award
Omarama farmer wins top sheep breeding award
New Zealand's leading sheep breeders were celebrated at a dinner in Cromwell on Friday night when the 2009 New Zealand Ewe Hogget Competition winners were announced.
Finance manager pleased with prizes
Finance manager pleased with prizes
He may have come second but Richard Copland was still struggling last week to tally up the $49,600 worth of prizes he won as runner-up in the National Bank Young Farmer contest in Palmerston North.
Prime lamb prices prove bright spot
Prime lamb prices prove bright spot
Prime lamb prices continue to firm during winter, hitting $6 a kg last month, as supply dwindled and markets remained strong.
Farmers gain levy reduction
Farmers gain levy reduction
Pressure from farmers has prompted Meat and Wool New Zealand to reduce its proposed levy increase to fund the producer board's activities.
Southern plant will be world's biggest
Southern plant will be world's biggest
Fonterra's Edendale factory in Southland will become the world's largest dairy processing site in early September.
Purchase conflict denied
Purchase conflict denied
Delta Utility Services director Mike Coburn resigned as an executive director of Jacks Point Land Ltd last December and said yesterday he had no conflict of interest in Delta's purchase last week of 100 sections of the Queenstown development.
Terms timely as farmers look to increase debt
Terms timely as farmers look to increase debt
Fonterra's offer of interest-free loans to dairy farmers coincides with a survey showing nearly a third of them intend increasing debt to fund working capital.