Silver Fern Farms has suspended trading of its shares on the
unlisted exchange until further notice, as it appears to be
in the final stages of its capital-raising process.
Silver Fern Farms expects to have reduced its debt to between
$150million and $180million by the end of the September
financial year, down from $289million last year.
BNZ has sliced another 50c off its 2015-16 milk price
forecast, saying $3.80 represents its best estimate of the
middle of ''a very wide range of potential outcomes''.
Otorohanga dairy farmer Duncan Coull is the new chairman of
the Fonterra Shareholders Council.
Stud sheep breeding is in Ben Sutherland's blood.
Reduced demand from China has seen New Zealand lamb exports
drop 4% in the nine months to June.
A series of workshops in Otago and Southland this month is
aimed at helping farmers meet their environmental obligations
under the national policy statement for freshwater
Fonterra is axing 523 jobs in the first part of a major
review of its business, saving the dairy giant up to
$60million a year.
Banks are predicting a lower dairy payout this season than
last after another horror result in this week's
James Robertson's lengthy involvement with Holstein Friesian
New Zealand has been acknowledged.
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