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Tuesday, 20 August 2019 11:24

Wild West

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Two weeks after receiving their handsome payout from Chinese company Yili, it seems not all ex-Westland shareholders are laughing all the way to the bank.

Milking It hears that at least two farms there were put into receivership by banks last week. And given the disclosure of Fonterra’s troubles we might see more foreclosures. 

Farmers already complaining about banks’ heavy-handedness might find things get worse.

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Rural Industry Leaders Event Raises $400,000

New Zealand’s rural sector has once again demonstrated its generosity, with the second Rural Industry Leaders Dinner, Debate and Auction raising an impressive $400,000 for the Rural Support Trust.

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