Forget about another share trading review
Former Fonterra director Nicola Shadbolt says the recent collapse of a few dairy cooperatives should be blamed on their strategy, not their co-op structure.
Struggling Australian co-op Murray Goulburn has sold part of its milk processing and manufacturing to a Victorian company.
Kyvalley Dairy Group has agreed to buy the Kiewa Country brand and plant from MG.
Kyvalley says the deal will see “an iconic brand remain not only in Australian hands but in Northern Victorian hands”.
Kyvalley Dairy Group is owned by brothers, Wayne, Peter and David Mulcahy, the fifth generation of a family that has been part of the Australian dairy industry for 160 years.
Kyvalley says the Mulcahy family understand the importance of a strong dairy industry together with supporting farmers and jobs for regional Victoria; they employ 120 staff and are growing domestically and internationally.
Peter Mulcahy says Kyvalley Dairy believes in the Australian dairy industry and investing in its future. “With the purchase of Kiewa Country, we are continuing our support of local communities.”
Kyvalley Dairy chief executive Alastair McCredden says as a family owned fresh milk business the purchase provides an opportunity to relaunch a cherished brand and continue jobs growth in regional Victoria.
The acquisition supports regional growth in Northern Victoria and will provide Kyvalley Dairy the opportunity to increase supply of fresh milk domestically and internationally and will boost the Australian dairy industry.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.