Displaying items by tag: Shanghai Pengxin

When state farmer Landcorp took over the dilapidated ex-Crafar farms in the North Island four years ago, it had little idea of the challenges lying ahead.

State farmer Landcorp has handed over the running of 16 North Island farms to Chinese owners Shanghai Pengxin following a four-year management joint venture.

Andy Macleod, the chief executive of the Chinese-owned Pengxin New Zealand Farm Group, resigned earlier this month.

Shanghai Pengxin has decided to withdraw the judicial review of the Government's decision to decline its application to purchase Lochinver Station.

It was good to see Shanghai Pengxin open its doors last week.

Shanghai Pengxin recently showed off its upgrade of the former Crafar farms it bought in the central North Island in 2012.

The president of Shanghai Pengxin Investments in New Zealand, Terry Lee, says the company's future investment in the NZ dairy industry is being thwarted.

A new training facility for aspiring dairy farmers and herd and farm managers in the central North Island has its first intake of students.

Former Fonterra director Greg Gent says grass will become fashionable again as the effects of lower dairy prices continue.

Landcorp will conclude its sharemilking contract with Shanghai Pengxin Group at the end of May 2017.