Why Now Is the Time to Plan Farm Succession, Findex Says
OPINION: Succession and long-term planning are perennial topics because it is perpetually sidelined on busy farms.
Former Fonterra chief executive Andrew Ferrier has been named the new chairman of the New Zealand Trade and Enterprise board.
Ferrier begins his three-year term commencing November. He replaces Jon Mayson.
Economic Development Minister Steven Joyce says Ferrier has a wealth of experience in international business and brings strong governance and strategic capability to the NZTE board. He is well placed to take up the role of chair of the board, he adds. Ferrier stepped down from Fonterra earlier this year after serving as CEO for eight years.
Joyce thanked Mayson for his valuable contribution to the operation of NZTE and for steering it through a period of significant change.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.