Alliance plans to offload 65% of shares for $250m
Alliance Group has announced plans to sell a 65% stake in the farmer-owned co-operative to Irish meat processor Dawn Meats Group for $250 million.
Ballance chief executive Mark Wynne says criticism of the nutrient management tool Overseer is “very old-school”.
Critics are not aware of where Overseer is today, he says.
“Overseer is moving rapidly into a much more user-friendly tool; the science remains the complex part but the user face is much easier.”
Wynne says New Zealand had a choice: either control the input of nutrients as in Europe, or model the output of nutrients.
“In NZ we’ve chosen the outcome approach that allows farmers to be more entrepreneurial; it’s a messy journey to get where we want to be but the trends are right.
“Overseer is the tool for the job; it’s a modeling approach and works well.
“We have hitched our wagon to Overseer; it will be the core measurement tool used in NZ for a long time.”
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.