Fonterra consumer business sale price jumps to $4.22b
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.
OPINION: Australia's richest man Andrew Forrest has quietly bought a 6.6% stake in one of the country's biggest milk processors, Bega Cheese.
One of his companies, Tattarang AgriFood Investments, purchased more than 20 million shares in Bega Cheese this week for about A$108 million on New Year's eve.
There is speculation over the ditch that Bega could launch a takeover bid for Fonterra's Australian business, which is under review and could end up on the chopping block.
Bega would have to borrow to pay for an offer for Fonterra, but with Forrest as a cornerstone shareholder, raising the money may not be a problem.
Meet the Need, a farmer-led charity, says food insecurity in New Zealand is dire, with one in four children now living in a household experiencing food insecurity, according to Ministry of Health data.
Applications have now opened for the 2026 Meat Industry Association scholarships.
Bank of New Zealand (BNZ) says it is backing aspiring dairy farmers through a new initiative designed to make the first step to farm ownership or sharemilking easier.
OPINION: While farmers are busy and diligently doing their best to deal with unwanted gasses, the opponents of farming - namely the Greens and their mates - are busy polluting the atmosphere with tirades of hot air about what farmers supposedly aren't doing.
OPINION: For close to eight years now, I have found myself talking about methane quite a lot.
The Royal A&P Show of New Zealand, hosted by the Canterbury A&P Association, is back next month, bigger and better after the uncertainty of last year.
OPINION: Voting is underway for Fonterra’s divestment proposal, with shareholders deciding whether or not sell its consumer brands business.
OPINION: Politicians and Wellington bureaucrats should take a leaf out of the book of Canterbury District Police Commander Superintendent Tony Hill.