Displaying items by tag: Silver Fern Farms

Alliance Group is out to entice dissatisfied Silver Fern Farm suppliers and shore up support of its own in 24 roadshows around the country, which kicked off last Thursday.

Any opportunity to cooperate with Silver Farm Farms should continue to be pursued, says Alliance shareholder Jeff Grant.

Since the SFF/Shanghai Maling deal was announced earlier last month some SFF shareholders, and other critics, have expressed concerns about the implications of foreign investment.

A farmer-backed consortium was planning to take to Silver Fern Farms a counter-offer to the $261 million buy-in by Chinese company Shanghai Maling, according to conjecture within the industry.

Meat Industry Excellence (MIE) says Silver Fern Farms shareholders need to carefully scrutinise the capital-raising proposal put forward by the cooperative’s board.

Leading meat processor and exporter Alliance Group submitted a bid for Silver Fern Farms (SFF) prior to the company's capital-raising process getting underway as part of ongoing discussions with SFF.

Silver Fern Farms' board plans a 50:50 partnership with China's leading meat processor Shanghai Maling, a listed company based in Shanghai, owned 38% by Bright Food Group.

It seems that farmer/shareholder ownership of primary sector entities is almost worshipped in some quarters.

It's important to have at least one cooperative in the meat industry, says a senior lecturer in agribusiness management at Lincoln University.

A group of Silver Fern Farms shareholders are urging the board to set a date for the special general meeting so farmers can have their say, before the organisation slides towards foreign capital investment.