Farmland prices hit 2007 level
Farmland prices hit 2007 level
Farmland prices have returned to 2007 levels, according to figures provided by the Real Estate Institute of New Zealand.
Neal Wallace
Subsidies could cost NZ $120m
Subsidies could cost NZ $120m
A 5% increase in subsidies paid to dairy farmers in Europe and the United States could suck more than $120 million a year out of the New Zealand economy, an analysis by consultant NZIER says.
Dull outlook for dairy markets
Dull outlook for dairy markets
The short-term outlook for world dairy markets has been described as underwhelming by global specialist rural financier Rabobank.
Maf backs web auction sales
Maf backs web auction sales
Fonterra's much-maligned globalDairyTrade internet auction system has the backing of the Ministry of Agriculture and Forestry (Maf).
Support for SFF plan likely
Support for SFF plan likely
Silver Fern Farms looks like getting the required 75% shareholder support for its capital restructuring proposal.
Silver Fern reviewing its structure
Silver Fern reviewing its structure
The risk owners of 10 million Silver Fern Farms (SFF) shares could seek to cash in their stake has giventhe meat company reason to review its capital structure.
Less pessimism but slump 'not over'
Less pessimism but slump 'not over'
The economy looks like enduring further pain in the coming months even though two business confidence surveys released yesterday show levels of pessimism are starting to wane.
Work starts converting F&P site to dairy store
Work starts converting F&P site to dairy store
Dunedin contractor Naylor Love has started initial preparatory work on a new 45,000-tonne capacity dry store for Fonterra at the former North Taieri site of the Fisher and Paykel manufacturing plant.
Southbury seeks successor
Southbury seeks successor
Planning has begun on finding a successor to oversee Southbury Group, which has a controlling interest in South Canterbury Finance.
Dairy buyout by Russian owner
Dairy buyout by Russian owner
The majority Russian owner of New Zealand Dairies, situated at Studholme, has bought the dairy company outright.
Interest rate discrepancy, Reserve says
Interest rate discrepancy, Reserve says
Floating interest rates remain higher than the Reserve Bank believes can be warranted but, in general, trading banks were passing on to lenders the benefits from cuts to the official cash rate.
CRT reports 39% growth in revenue
CRT reports 39% growth in revenue
Rural supplies company CRT said growing market share was part of the reason for a massive 39% growth in revenue for the last financial year.
Farmers use grant to study ownership
Farmers use grant to study ownership
Wanaka farmers and 2008 Ballance Farm Environment award winners Richard and Sarah Burdon will use a grant they have been given to look at the issue of farm ownership structures.
SFF to pay premium for x-ray technology
SFF to pay premium for x-ray technology
Farmers will be paid a premium for supplying lambs to Silver Fern Farms that meet its target carcass conformation requirements.
Bottom-line loss first since 1934
Bottom-line loss first since 1934
South Canterbury Finance patriarch Allan Hubbard has injected $40 million in cash to help alleviate the effects of a deteriorating property loan book which will see the company record its first bottom-line loss since 1934.
Using our natural capital
Using our natural capital
New Zealand exporters have long traded on our clean and green image, but are they making the most of it? Agribusiness editor Neal Wallace writes that some exporters argue we should take it further.
SFF exhorts shareholders to support capital-raising plan
SFF exhorts shareholders to support capital-raising plan
Shareholders in meat co-operative Silver Fern Farms were given a blunt message last night
40% of shares could be publicly listed: SFF
40% of shares could be publicly listed: SFF
Up to 40% of shares in Silver Fern Farms could be publicly listed in restructuring plans which could raise $80 million in new capital, the meat processor and marketer announced yesterday.
SFF to raise capital
SFF to raise capital
Shareholders in Silver Fern Farms will this week hear details about a new capital raising proposal, expected to be in the form of a share issue.
Approval for NZFSU Uruguay bond issue
Approval for NZFSU Uruguay bond issue
Investment advisers were enthusiastic but investors were less receptive to news NZ Farming Systems Uruguay has regulatory approval from the Central Bank of Uruguay for a proposed $NZ47 million bond issue in Uruguay.