Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
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.
Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.
The world's largest wool scouring facility, WoolWorks Awatoto plant in Napier, is back operating at full capacity.
A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media and politicians.
Feeling forgotten and in a fragile space financially and mentally.
The European Union Ambassador says the new free trade agreement (FTA) between the bloc and New Zealand will bring significant benefits to both parties.
Less Wellington bureucracy and more local, on-farm common sense was the focus of recent meetings held in South Canterbury as part of the Government's National Woolshed tour program.