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OPINION: Your old mate wonders why there has not been a whole lot of gnashing of teeth and wailing from the xenophobes – more commonly known as failing political party NZ First – about a Canadian pension fund buying a major stake in New Zealand’s biggest corporate dairy farmer, Dairy Holdings.
According to company records, Sooke Investments, a subsidiary of giant Quebec public service pension fund manager PSP Investments, bought 24.9% of South Island-based company, following the exit of an investor – owned by JD & RD Wallace Ltd and former National Government Minster John Luxton.
Dairy Holdings other major shareholders remain two NZ farming families – Colin and Dale Armer and Murray and Margaret Turley. The Ashburton-based company is Fonterra’s biggest shareholder.
The Royal New Zealand College of General Practitioners (the College) and Hauora Taiwhenua Rural Health Network are calling for investment in a proposed new training pathway for rural GPs, warning that many rural practices are struggling to recruit while a large share of the existing workforce nears retirement.
Federated Farmers has called on Central Otago District Council (CODC) to drop or vote down a plan to truck sludge from Alexandra and Cromwell to farmland near Lauder, warning it would compound an "outrageous" situation created by a separate council's decision weeks earlier.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
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