Farming
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New Zealand’s wild weather is unpredictable, but one thing is certain — there will be more of it. Over the past decade farmers have faced flooding, drought, damaging winds, snow, and cyclones. The destructive wind in Southland in October is just the latest example. It led to a state of
Fonterra’s farmer shareholders have given the go-ahead for the Co-operative to sell its global Consumer and associated businesses, Mainland Group, to Lactalis for $4.22 billion, with 88.47% of the total farmer votes cast in support of the divestment. The final votes on the divestment were cast at
Farmer-shareholders of meat processor Alliance Group have voted to approve a major new partnership with Irish red meat company Dawn Meats. The $270 million joint venture will see Dawn Meats acquire a 65 percent share of the co-operative, with the remaining 35 percent staying under farmer control. Voting closed on
This week is crunch week for one of Southland’s biggest businesses. Farmer shareholders of red meat processor The Alliance Group vote on whether the group accepts an offer from Irish-based meat processor Dawn Meats to take a 65% interest in the Invercargill-based co-operative. Initially, Dawn Meats offered a $250
Environment Southland’s heavy-handed approach to compliance is creating unprecedented stress and financial pressure for farmers, Jason Herrick says. Last week the Southland Federated Farmers president slammed the council for sending farmers unexpected charges related to winter grazing compliance checks. Now he says the council’s unjustifiable compliance cash grab
* 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