Board upheaval at PGW
The board of rural trader PGG Wrightson Limited has agreed to call a special meeting demanded by its largest shareholder.
The Federation of Maori Authorities (FOMA), which represents Māori interests on He Waka Eke Noa (HWEN), is hopeful of a positive response from government.
FOMA chair Traci Houpapa says she's confident that at the end of the day, pragmatism, goodwill and common sense will prevail and that a good outcome will be achieved for the HWEN partners.
She says FOMA signed up to HWEN because it knows that climate change is a significant issue and matters for Māori, NZ and the world.
"FOMA has certainly positioned Māori in terms of levies, resources, investments, governance, sequestration and the pricing modelling which are outstanding and are on the table now for open discussion on how we might develop them," she says.
Responding to criticism of the Government's response to the HWEN proposal by the Māori Trustee, Dr Charlotte Severne, Traci Houpapa says the fact that Māori may disagree is no different to Pakeha.
"I could well ask Pakeha farmers, when are you all going to agree?" she says.
A partnership between Canterbury milk processor Synlait and the world's largest food producer, Nestlé, has been celebrated with a visit to a North Canterbury farm by a group including senior staff from Synlait, the Ravensdown subsidiary EcoPond, and Nestlé's Switzerland head office.
Canterbury milk processor Synlait is blaming what it calls "a perfect storm" of setbacks for a big loss in its half year result for the six months ended January 31, 2026.
More of the same please, says Federated Farmers dairy chair Karl Dean when asked about who should succeed Miles Hurrell as Fonterra chief executive.
A Waikato farmer who set up a 'tinder' for cows - using artificial intelligence to find the perfect bull for each cow - days the first-year results are better than expected.
Fonterra says it's keeping an eye on the Middle East crisis and its implications for global supply chains.
The closure of the McCain processing plant and the recent announcement of 300 job losses at Wattie’s underscore the mounting pressure facing New Zealand’s manufacturing sector, Buy NZ Made says.

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