Farmlands gets green light to buy SealesWinslow
Rural trader Farmlands has completed the final hurdle to purchase animal nutrition business Seales Winslow.
The Commerce Commission has provisionally authorised New Zealand Tegel Growers Association Incorporated (TGA) to collectively negotiate on behalf of its members the terms and conditions of its members’ supply of chicken growing services to Tegel Foods Limited (Tegel).
This provisional authorisation allows TGA to commence collective bargaining while the Commission considers the main application relating to the same conduct. This is the first time the Commission has considered an application for provisional authorisation.
Based on the Commission’s assessment of the evidence available at this time, they consider it appropriate to grant provisional authorisation.
In particular, the Commission considers that the potential benefits of collective negotiation in this case are more likely to outweigh the potential detriments than not.
The benefits of collective negotiation include the potential to reduce transaction costs and reach a more sophisticated agreement.
The Commission says it also considers that allowing this interim arrangement is unlikely to materially affect the market in a permanent way.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.