Saturday , March 25 2017
Informed Influential Indispensable | newzealandinc.com

Agribusiness

Bright Food provides Silver Fern with letter of comfort

shutterstock_105830144 (1)

 China’s state-owned Bright Food Group has provided a letter of comfort to Silver Fern Farms that it will vote its 38 percent stake in Shanghai Maling Aquarius in favour of acquiring 50 percent of New Zealand’s biggest meat company. Some 82.2 percent of votes were cast in favour of the transaction at a SFF …

Read More »

Silver Fern could stay NZ-owned for as little as $25k per farmer

shutterstock_18930820 (1)

Silver Fern Farms could be kept in cooperative ownership for as little as $25,000 per farmer and the meat company’s board would be irresponsible not to consider a “plan B” if it fails to garner support for its proposal to sell half the business to Shanghai Maling Aquarius, says an opponent of …

Read More »

NZX accredits US firm Straits Financial for dairy derivates market

shutterstock_122962273

NZX, New Zealand’s stock market operator, has accredited US-based Straits Financial to access its growing dairy derivatives market. Straits has been accredited as a general clearing, trading and advising participant for the NZX dairy derivatives market, the first US clearing member to receive approval since authorisation was granted from the US Commodity …

Read More »

Landcorp strategy of dairy investment over dividends at odds with government’s surplus goal

shutterstock_18930805 (1)

Landcorp  Landcorp Farming, which is taking on debt to convert former forestry land into dairy farms, won’t pay a dividend this year, highlighting the friction between the state-owned farmer’s long-term strategy and the government’s demand for regular payments in preference to investment. New Zealand’s largest corporate farmer posted an 84 percent decline in …

Read More »