OIO green light for Synlait purchase
Synlait’s $112 million bid for South Canterbury dairy processor Dairyworks has been given the green light by the Overseas Investment Office.
The purchaser of Crafar Farms has been given another extension to go unconditional on the sale.
Shanghai Pengxin Group, which received OIO approval last week, now has until Tuesday to finalise the deal with receivers KordaMentha. The receivers had set an initial deadline of January 31 and had then extended it by two days to February 2.
In a statement KordaMentha says the further extension is necessary as Shanghai Pengxin to "continues to finalise its OIO consent conditions."
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".
The court action filed last Tuesday is being heard today in the High Court at Wellington.
Females are dominating the veterinary profession worldwide and many farmers are welcoming this change in the composition of the profession, says Britain's Chief Veterinary Officer (CVO) Professor Christine Middlemiss.
A five-year randomised survey of herbicide resistance on New Zealand arable farms has found widespread high levels of resistance - with 71% of farms affected in the worst-hit region - South Canterbury.
OPINION: The recent Federated Farmers / Rabobank 2024 Farming Salaries Report revealed strong growth in farm salaries over the past two years.
The low unemployment environment is one of the key factors driving on-farm salaries higher over the past 24 months, says Rabobank general manager for country banking Bruce Weir.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
A seminar on rural dispute resolution has been organised at Lincoln University, Christchurch this month.
OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour…
OPINION: Your canine crusader gets a little fed up with the some in media, union hacks, opposition politicians and hard-core…