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Silver Ferns Farm chairman Rob Hewett says the deal with Shanghai Maling wasn't done after "a behind the bike shed discussion".
He told shareholders that there was a global discussion before the decision was made to go with Shanghai Maling.
"Everybody who wanted to be part had an opportunity to come to the negotiation table," he told the special general meeting in Dunedin.
"In Shanghai Maling we have found a like-mined partner; the board unanimously recommends the partnership to shareholders."
Hewett says the status quo is not sustainable.
He says the Chinese company has the capital to accelerate SFF's pasture-to-place strategy and boost farmgate returns.
He also stressed that SFF still exists as a co-op.
"We intend to behave like a co-op; to say the co-op is not alive is not true."
Canterbury farmer Andy Macfarlane has been appointed to the board of AgriZeroNZ, the public-private partnership designed to accelerate the development and deployment of emissions reduction tools for New Zealand farmers.
China remains New Zealand’s biggest market, taking $23 billion of our exports, but it’s no longer a commodity story, says Prime Minister Christopher Luxon.
Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.
Rural retailer Farmlands has released it's latest round of half-year results, labeling it as evidence that its five-year strategy is delivering on financial performance and better value for members.
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Waikato milk processor Tatua has again declared a record milk payout to farmer shareholders, leaving other processors in the dust.
A Labour-led Government won’t be bringing back the controversial freshwater rules of 2020.
National’s much-touted free trade deal with India featured in the Rural Issues Debate at Mystery Creek, Hamilton on Wednesday night.
New Zealand's 2026-27 freshwater fishing season has opened, with anglers encouraged to head to rivers and lakes over the coming days as conditions look favourable across much of the country.
Central Otago District Council (CODC) has voted against a plan to spread treated sewage sludge from Cromwell and Alexandra on farmland near Lauder, a decision Federated Farmers says reflects strong opposition from rural residents.
Pāmu has released its FY26 Integrated Annual Report, reporting a Net Operating Profit of $113 million, more than double the $49 million recorded in FY25.
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