Thursday, 27 June 2019 09:03

Shaky vote

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The upcoming vote on Westland Milk’s sale is getting interesting as the big day approaches next week.

On July 4 Westland supplier shareholders meet to vote on Yili’s offer of $3.41/share.

The co-op’s largest shareholder, Southern pastures is abstaining from the vote. State-owned farmer PAMU, also a Westland supplier, hasn’t made up its mind yet on how it will vote.

Also reports of a big bonus to executives should the Yili deal go through is causing concern among some shareholders.

What seemed like a straight forward vote a couple of months ago is now looking slightly shaky.

More like this

Westland Milk reports positive season

Westland Milk reports positive season

"I'm more positive now than I was two or three months ago." That's the view of Richard Wyeth, chief executive of Hokitika-based Westland Milk Products (WMP).

Westland Milk to build $70m lactoferrin plant

Westland Milk to build $70m lactoferrin plant

Chinese-owned milk processor Westland Milk Products is building a new $70 million lactoferrin plant at its Hokitika site.

Westland hits $1b revenue

Hokitika-based Westland Milk Products is bracing for another good year after hitting $1 billion in revenue for the first time in 2022.

Westland milk hits $1b revenue for first time

Chinese-owned Westland Milk Products has surpassed $1 billion in annual revenue for the first time.

West Coast farm looks a picture on new packaging

Images of Graeme McNabb’s farm on the West Coast will soon be hitting supermarket shelves around the world.

Popular Reads

Machinery builder in liquidation

In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now…

Red meat exports slump, thanks to China

Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.

Penno's 25-year leadership role over

Troubled milk processor Synlait’s co-founder John Penno has stepped down from the board.

Lamb returns forecast to remain low

The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.

Meat co-op seeks capital from farmer shareholders

Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.

Featured

Purua's transformation capped with Ahuwhenua award

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.

Feds make case for rural bank lending probe

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.

A rollercoaster ride for Waikato dairy farmers

The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.

MPI job cuts 'won't disrupt organisational structure'

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 purchases Bostock assets

Scales Corporation is acquiring a number of orchard assets from Bostock Group.

Ferdon sale tops $24,000

Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.

National

Canada's flagrant dishonesty

Deeply cynical and completely illogical. That's how Kimberly Crewther, the executive director of DCANZ is describing the Canadian government's flagrant…

Couple's Ahuwhenua win 57 years ago still tasting sweet

This week the winner of the prestigious Ahuwhenua Trophy for the top Māori Dairy farm will be announced at a gala…

OAD milking affects protein content

Once-a-day milking (OAD) can increase or lower the amounts of proteins in milk, according to a new study published in…

Bank helps clients reduce emissions

Rabobank says climate change creates both risks and opportunities for the bank and its clients and that the food and…

Regional leader award

Eastern Bay of Plenty farmer Rebecca O’Brien was named the 2024 Dairy Women’s Network (DWN) Regional Leader of the Year.

Machinery & Products

Feed pad with rubber matting hailed as game changer

For Otago farmers Michelle and Rogan Borrie, a newly constructed feed pad on one of their three farms has been…

Ploughs gone from CNH portfolio

CNH has sold its agricultural plough business, including the production facility in Sweden, along with the Overum brand name.

Landpower opens ag retail hub

Landpower recently opened its new agricultural retail hub in Yaldhurst, Christchurch.

Tractor, harvester IT comes of age

Over the last halfdecade, digital technology has appeared to be the “must-have” for tractor and machinery companies, who believe that…

Spot fertiliser applicator keeps costs in check

The Kverneland Pudama principle delivers spot placement of fertiliser in maize, rather than continuous fertiliser placement. As a result, it…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Substitute for cow's milk?

OPINION: Scientists claim to have found a new way to make a substitute for cow's milk that could have a…

Breathalyser for cows

OPINION: The Irish have come up with a novel way to measure cow belching, which is said to account for…

» eNewsletter