PGW revises earnings guidance as farmer spending drops
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
"This is a partnership that has flourished over four decades and continues to make a significant difference in the lives of some of New Zealand's most vulnerable individuals and their families," says Peter Newbold, general manager of PGG Wrightson Livestock.
He says PGW has recently renewed its sponsorship for the IHC Calf & Rural Scheme, committing to another three years.
"This renewal extends the legacy relationship with the IHC to a remarkable span of at least 44 years," Newbold explains. "Such commitment showcases a dedication to creating positive change that stands the test of time."
Launched in 1982, the IHC Calf & Rural Scheme has grown to be one of New Zealand's most successful charitable programs.
"Through the years, this rural donation scheme has raised over $41 million for IHC, funds that have made a transformative impact on the lives of those it serves," Newbold adds. "We're proud of our long assocaition with this fantastic cause."
