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.
The purchaser of Crafar Farms has been given another two days to go unconditional on the sale.
Shanghai Pengxin Group, which received OIO approval last week, has until tomorrow to finalise the deal with receivers KordaMentha. The receivers had set an initial deadline of January 31.
In a statement KordaMentha says the extension will allow Shanghai Pengxin to "deal with some final matters in its OIO approval".
A local consortium which made an unsuccessful bid for Crafar Farms is challenging in court the Government's decision to approve a Chinese buyer.
The Crafar Farms Purchase Group says the sale of Crafar Farms to Shanghai Pengxin "is wrong in law".
It warns if not overturned by Judicial Review, the decision sets up open season for any foreign buyers wanting New Zealand land.
The group is the highest New Zealand bidder offering $171.5 million for the 16 farms. The Government's farming SOE, Landcorp made a lower bid for the farms.
The court action filed last Tuesday is expected to be heard this week in the High Court at Wellington.
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.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.