fbpx
Print this page
Thursday, 11 August 2022 11:45

$1m remains unpaid

Written by  Milking It

OPINION: A group of New Zealand farmers who collectively sold $1 million worth of cattle to a live export company in March are still waiting to be paid.

Media reports say farmers from around New Zealand sold cattle to Waikato-based Genetic Development (NZ) Exports Limited Partnership (GDEX LP).

The 12,300 head of cattle were destined for China at the end of April this year, however the shipment failed after the livestock carrier, MV Al Kuwait, built in 2016, broke down enroute to New Zealand to collect the animals.

A second, smaller ship was sent but could only fit 4,998 cattle on board, so farmers were given the choice to either sell the animals at a reduced rate or take them back to their own farm.

According to GDEX LP, around 40 farmers are collectively owed $1 million and the combined total direct costs and losses to the exporter are well over $5 million.

More like this

110,000 visitors!

OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.

Sticky situation

OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.

Suitors line up

OPINION: As Fonterra's divestment of its Oceania and global consumer businesses progresses, clear contenders are emerging.

On the go

OPINION: After hopping from one event to another at Fieldays, Associate Agriculture Minister Andrew Hoggard would have been hoping for a rest.

Misguided campaign

OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is polluting the environment.

Featured

Horticulture exports hit $8.4B, surge toward $10B by 2029

A brilliant result and great news for growers and regional economies. That's how horticulture sector leaders are describing the news that sector exports for the year ended June 30 will reach $8.4 billion - an increase of 19% on last year and is forecast to hit close to $10 billion in 2029.

National

Machinery & Products

Farming smarter with technology

The National Fieldays is an annual fixture in the farming calendar: it draws in thousands of farmers, contractors, and industry…