Farming

* Court rejected appeal over serious worker exploitation breaches and upheld $215,000 penalties. * Owner’s role as a religious mentor highlighted imbalance of power over migrant employees. * Judge ruled workers’ vulnerability and systemic breaches justified penalties imposed by the Authority. A Southland dairy farm and its owner have lost an

Fonterra has posted another solid year of financial performance, releasing its full-year FY25 results with $26 billion in revenue and record cash returns to shareholders of $16.2 billion. Operating profit rose by 13% to $1.73 billion, while profit after tax sat at $1.08 billion—down 4% due

Landcorp has launched a new livestock equity partnership opportunity, designed to support equity-building pathways for farm operators and strengthen the future of farming in New Zealand, State Owned Enterprises Minister Simeon Brown says. “This is a welcomed initiative that directly supports the Government’s priorities to strengthen rural employment, improve

* Fonterra to sell Consumer businesses to Lactalis for $3.845 billion, pending shareholder approval * Co-op plans $2.00 per share tax free return to farmers after sale completion * Sale expected to complete in 2026, with long-term supply deal in place Fonterra has confirmed it will sell its Consumer and associated

Fonterra has raised its forecast Farmgate Milk Price for the 2024/25 season, increasing it from $10.00 to $10.15 per kgMS. The price range has also been tightened from $9.70 - $10.30 to $10.10 - $10.20 per kgMS. CEO Miles Hurrell said, “as we

The a2 Milk Company has finalised the $282 million purchase of Yashili’s infant formula manufacturing plant in Pōkeno and sold its majority stake in Mataura Valley Milk (MVM) to Open Country Dairy. The Pōkeno facility, formerly owned by China’s Mengniu Dairy, will be enhanced through a $100 million

* Dawn Meats plans to acquire 65 percent of Alliance Group shares for NZ$250 million. * Proposed deal aims to strengthen finances, fund growth and deliver returns to farmer shareholders. * Partnership would create strong global market presence combining beef and lamb expertise. Alliance Group has announced that shareholders will soon vote

Lower interest rates, stronger dairy and meat prices, and reduced regulations have lifted farmer confidence to its highest level in nearly a decade, according to Federated Farmers’ latest six-monthly Farm Confidence Survey. Federated Farmers president Wayne Langford said, “Farming families have been through some really tough years recently and that’