Momentum appears to be building among sheep farmers for a Fonterra-type structure for the struggling meat industry.
Invercargill meat company Alliance Group will seek a shareholder mandate to initiate the restructuring of the meat industry along similar lines to the dairy sector.
Companies that could be part of a mega meat merger were yesterday supportive and positive about the proposal to unite 80% of the country's meat processing and marketing capacity.
Get on with it was the overwhelming view of sheep farmers spoken to at the Southern Field Days in Gore yesterday about moves to create a mega meat-company.
Fonterra says its capital restructuring proposal is still alive despite the axing in May of the first of two votes on changes to the company's structure while it extends consultation with shareholders.
The man advocating a meat industry merger says he is disappointed the proposal has become politicised just one week after the concept was released.
The benefits of an improved half-year performance by Skycity casinos was eroded by a $60 million write-down of its cinema operations, which saw the entertainment company report a 97% fall in net profit.
Evidence is growing of an economic slowdown, with the New Zealand dollar yesterday reaching a post-float high of US81c and commentators warning it could exceed US85c by the end of the year.
Alliance Group shareholders have reacted favourably to the first day of meetings with company directors to discuss the creation of a meat super group.
A new super meat company could be operating by the start of next year - and initial overwhelming support for the concept indicates it has farmer backing.
Another period of strong economic growth has Otago well set up for the coming year, says Otago Chamber of Commerce chief executive John Christie.
Cash-strapped livestock farmers have, for a second time, vented their anger at the perilous state of their industry by unseating the chairman of a meat company.
Farming leaders have acted with surprise to news PPCS chairman Reese Hart has been voted off the board of the Dunedin meat co-operative.
Baleage has nearly doubled in price to $100 a bale, as the effects of the dry weather start biting deeper.
PPCS could follow the Alliance Group and appoint its first nonfarming chairman today.
Some South Island meat processing plants could close as early as this year.
PPCS chief executive Keith Cooper has delivered a broadside to shareholders for dumping company chairman Reese Hart, saying such a reaction reflected poorly on the industry.
Alliance group shareholders have given management the green light to investigate further the creation of a meat mega company.
The country is short of about 400 rural veterinarians - a shortage sector leaders warn could threaten our ability to detect serious animal diseases, to monitor food safety and which could also compromise animal welfare.