The sniff test — Editorial
Former Prime Minister John Key said, at the start of the Level 4 Lockdown, that businesses should be concerned about their reputations.
Prime Minister John Key says the decision to reject a Chinese bid for Lochinvar Station was nothing to do with politics.
The $88 million bid Shanghai Pengxin subsidiary, Pure 100 Farm Ltd was knocked back by Ministers Paula Bennett and Louise Upston in September, despite the Overseas Investment Office recommending it be approved.
Key told a China Business Summit in Auckland today said the two ministers didn't discuss the decision with anyone else and took the decision there wasn't enough (in it).
"Right or wrong you can read their decision, he said. But he said the decision was nothing to do with the politics of it.
He said if you wanted him to change the Overseas Investment Act to have more clarity "show me where we can get the numbers from because only ACT will support us".
"We are stuck with the Overseas Investment Act whether we like it or not."
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.
Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.
AgriZeroNZ, a joint venture fast-tracking emissions reduction tools for farmers, is pouring $5 million in a biotech company to develop a low emissions farm pasture with increased productivity gains.
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Te Awamutu dairy farmers Doug, Penny, Josh and Bayley Storey have planted more than 25,000 native trees on the family farm, adding to a generations-old native forest.