increase font size
Silver Fern Farms’ chairman Rob Hewett has effectively backed himself and Herstall Ulrich in the director election requesting a vote for “no change” to the board.
The cooperative’s debt reduction and Plate-to-Pasture programmes are “winning strategies” and it is important they are not derailed, he told Rural News.
“We want to invest more in the revenue growth parts of our business, driving our consumer and hotel-restaurant offers into selected high-potential markets around the world.”
The $100m capital raise that Goldman Sachs is scoping for the cooperative would drive such investment, as well as debt reduction, and shareholders will be kept informed and given a clear investment value proposition when appropriate, he says.
“Increased equity is investment in growth and at the same time as paying down debt, turbo-charges the business.”
Hewett acknowledges industry restructure “remains to be dealt with” and says SFF is committed to “sensible rationalisation discussions” with any industry participant.
New Zealand must continue to educate Chinese consumers about the unique qualities of its red meat products and how they differ from competitors, says Silver Fern Farms chief executive Dan Boulton.
The next phase of the Taste Pure Nature campaign has been launched in Shanghai, China.
OPINION: The Hound hears that tension was in the air at the recent Silver Fern Farms AGM, with the board reportedly dazed and confused at why their CEO would continue to hammer farmers to lower their emissions in perpetuity, without being able to state a dollar value for any of the touted premiums.
Despite Silver Fern Farms (SFF) posting a $21 million loss last season, chief executive Dan Boulton believes that better days are coming.
Variable weather conditions across the country are being blamed for the slow start to the meat processing season.
Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.
OPINION: Dust ups between rural media and PR types aren't unheard of but also aren't common, given part of the…
OPINION: The Hound hears from his canine pals in Southland that an individual's derogatory remarks on social media have left…
