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Silver Fern Farms chief executive Dean Hamilton says its capital structure has held back growth.
Hamilton says the co-op doesn't have the right strategy to execute its pasture-to-plate strategy.
"We set out on a journey 12 months ago to raise new equity to fix situation once and for all," he told shareholders at a special general meeting in Dunedin today.
Hamilton says only 5% of SFF products are premium high value products.
He says the extra capital to be poured in by Chinese conglomerate Shanghai Maling will help SFF execute the strategy.
"The strategy is to drive more business up the value chain and increase returns and share it with qualifying suppliers."
Shareholders are voting on the Shanghai Maling proposal today.
Silver Fern Farms has tackled the ongoing war-induced shipping challenges to mideast markets by airlifting 90 tonnes of chilled New Zealand lamb and beef to the United Arab Emirates.
Silver Fern Farms has successfully produced and delivered 90 tonnes of premium chilled New Zealand lamb and beef to the United Arab Emirates via airfreight.
Silver Fern Farms has announced a major capital investment valued at over $100 million to redevelop freezing, cold storage, and automation facilities at its Finegand Site near Balclutha.
Silver Fern Farms chief executive Dan Boulton says the meat processor wants to find ways of getting product destined for Middle East markets into those markets as opposed to try and place them elsewhere.
Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.
Healthy snacking company Rockit has announced Wang Yibo, one of China's most influential celebrities, as its new brand ambassador.
Rabobank has celebrated the tenth anniversary of its AgPathways Programme, with 23 farmers from Otago and Southland gathering for two-and-a-half days to learn new business management and planning skills.
Adopting strategies to reduce worm burden on farm goes hand-in--hand with best practice farm management practices to optimise stock production and performance, veterinarian Andrew Roe says.
Last night saw the winners of the 2026 Beef + Lamb New Zealand (B+LNZ) Awards named at a gala dinner at Te Pae Christchurch Convention Centre.
A 12-month pathway programme has helped kickstart a career in dairy for an 18-year-old student-turned-farmer.
Zespri says its global fruit sales revenue has reached a record NZ$5.9 billion from sales of 248.1 million trays.
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