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Silver Fern Farms chief executive Dean Hamilton says its capital structure has held back growth.
Hamilton says the co-op doesn't have the right strategy to execute its pasture-to-plate strategy.
"We set out on a journey 12 months ago to raise new equity to fix situation once and for all," he told shareholders at a special general meeting in Dunedin today.
Hamilton says only 5% of SFF products are premium high value products.
He says the extra capital to be poured in by Chinese conglomerate Shanghai Maling will help SFF execute the strategy.
"The strategy is to drive more business up the value chain and increase returns and share it with qualifying suppliers."
Shareholders are voting on the Shanghai Maling proposal today.
As dairy farmers lock in plans for the upcoming mating season, a partnership between Fonterra and Silver Fern Farms has been formed with the aim of making it simpler to create additional value from calves not entering the replacement herd.
Applications for Silver Fern Farms Co-operative's next board-appointed farmer director are open.
Silver Fern Farms has tackled the ongoing war-induced shipping challenges to mideast markets by airlifting 90 tonnes of chilled New Zealand lamb and beef to the United Arab Emirates.
Silver Fern Farms has successfully produced and delivered 90 tonnes of premium chilled New Zealand lamb and beef to the United Arab Emirates via airfreight.
Silver Fern Farms has announced a major capital investment valued at over $100 million to redevelop freezing, cold storage, and automation facilities at its Finegand Site near Balclutha.
Now in its fourth year, the 2026 Fencing Industry Awards, formed part of the proceedings of the FCANZ Conference, held in Nelson during August.
DairyNZ deputy chair Cameron Henderson has been re-appointed unopposed for another term.
OPINION: The stats speak for themselves.
Farms across the upper North Island are trialling different pasture mixes as part of a research programme that aims to build greater resilience into farming systems.
Election years are always a concerning time for farmers, according to DairyNZ chair Tracy Brown.
The Ballance Farm Environment Awards are coming to the West Coast of the South Island.
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