Former Fonterra Shareholders Council chairman Simon Couper says the Trading Among Farmers (TAF) model is unable to deliver 100% farmer ownership and control.

Compared to last week's North Island auction on the May 17 the weaker New Zealand dollar and restricted supplies, coupled with renewed overseas buying, combined to lift prices for the 7885 bales of South Island wool on offer this week, New Zealand Wool Services International Ltd's general manager, John Dawson advises.

It's a case of one down, two to go for the seven grand finalists of The National Bank Young Farmer Contest after the Technical Day took place at the Invermay Research Station yesterday (May 24).

Federated Farmers believes tighter tax rules around livestock valuations have been well-signalled.

Budget 2012 has earmarked $326 million in new funding for science, innovation and research over the next four years.

In a blow to Fonterra's trading among farmers (TAF) proposal, Simon Couper has resigned his position as Chair of the Fonterra Shareholders' Council effective immediately.

An extra $410 million is to be squeezed from bach and boat owners, and farmers, among others, over the next four years under Budget measures tightening tax rules.

Compared with April 2011, exports of goods fell $799 million (17 percent) in April 2012, to $3.9 billion, Statistics New Zealand said today.

Federated Farmers welcomes the settlement, subject to worker ratification, that will see AFFCO back in full production.

A tidy 400 head of cattle were offered at Wellsford today, of which weaner and R1yr cattle filled the most pens.  Though the buying bench was mainly local, the arrival of one buyer from Tuakau helped move proceedings along in the weaner pens 

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