Thursday, 10 January 2013 15:16

Pain in the asset sale

Written by 

SO SOLID Energy has managed to flog-off its biodiesel business. Your old mate wonders what price the state-owned enterprise actually got for it.

Predictably, both vendor and buyer say that’s confidential. But it’s a fair bet the figure will come out in due course. When it does we’ll probably find it went for a fraction of the $17m invested in the Rolleston site, not to mention the millions of dollars some suspect the SOE lost trying to crop ridiculous regions. It doesn’t bode well for other asset sales, but at least this sale was to a consortium of New Zealanders.

More like this

Poor example

YOUR OLD mate hears Horizons Regional Council is causing consternation in more than the rural sector with parts of its controversial One Plan.

Sisterhood

A MATE of the Hound had a giggle when he heard Associate Minister for Primary Industries and Minister for Women’s Affairs Jo Goodhew commenting on the Labour Party’s latest PC proposal to implement a quota to ensure 50% of its incoming MPs are female.

Feel the hate!

THE HOUND has noticed a real upping of ante – and the ‘anti’ – between Primary Industries Minister Nathan Guy and his Labour counterpart Damien O’Connor over the past couple of months.

Dying region?

THE HOUND sees that controversial regional council Horizons Regional Council recently trumpeted the release of its latest ‘State of Environment’ report.

What do they do in Wogistan?

THE HOUND was surprised to discover that NZ First’s spokesman on primary industries is none other than its best-known Dick – aside from Winston that is – Richard Prosser! Prosser claimed there are better ways of resolving difficulties in farm finance than throwing people off the land and cited farm debt mediation laws that exist in Australia and Canada as examples for New Zealand to follow.

Featured

B+LNZ launches AI assistant for farmers

Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.

National

Machinery & Products

» Latest Print Issues Online

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter