Coutts appointed chair-elect of Mainland Group
Fonterra has named Elizabeth (Liz) Coutts the chair of Mainland Group, the proposed divestment entity of the co-operative’s consumer business.
The purchaser of Crafar Farms has been given another two days to go unconditional on the sale.
Shanghai Pengxin Group, which received OIO approval last week, has until tomorrow to finalise the deal with receivers KordaMentha. The receivers had set an initial deadline of January 31.
In a statement KordaMentha says the extension will allow Shanghai Pengxin to "deal with some final matters in its OIO approval".
A local consortium which made an unsuccessful bid for Crafar Farms is challenging in court the Government's decision to approve a Chinese buyer.
The Crafar Farms Purchase Group says the sale of Crafar Farms to Shanghai Pengxin "is wrong in law".
It warns if not overturned by Judicial Review, the decision sets up open season for any foreign buyers wanting New Zealand land.
The group is the highest New Zealand bidder offering $171.5 million for the 16 farms. The Government's farming SOE, Landcorp made a lower bid for the farms.
The court action filed last Tuesday is expected to be heard this week in the High Court at Wellington.
Federated Farmers supports a review of the current genetic technology legislation but insists that a farmer’s right to either choose or reject it must be protected.
New Zealand’s top business leaders are urging the US Administration to review “unjustified and discriminatory tariffs” imposed on Kiwi exporters.
New tariffs imposed by President Donald Trump signal an uncertain future, but New Zealand farmers know how to adapt to changing conditions, says Auriga Martin, chief executive of Farm Focus.
A global trade war beckons, which is bad news for a small open economy like New Zealand, warns Mark Smith ASB senior economist.
Carterton's Awakare Farm has long stood as a place where family, tradition and innovation intersect.
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
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