Halter raises $165m, company valued at $1.65b
New Zealand tech company Halter has raised $165 million from investors in its latest fundraising round.
Ruralco has donated $10,000 to the Mid Canterbury Rural Support Trust following a recent fundraising golf tournament.
The Ruralco Gold Classic at the Tinwald Golf Course, attended by over 100 players, was backed by attendees and sponsors, with all proceeds from player entries, on-course challenges, and raffles going to the Trust.
These funds will help the Trust continue its important work providing free, confidential support and wellbeing services to farmers and rural communities across Mid Canterbury.
Ruralco CEO, Tony Aitken says the success of the Golf Classic reflects the co-op's ongoing commitment to Canterbury, strengthening community ties and backing local initiatives.
"We are incredibly grateful to everyone who took part, whether by playing, sponsoring, or donating. This event was about more than just a round of golf, it was a show of solidarity and support for the people at the heart of our rural community. We are especially proud that the funds raised will stay local and directly assist Mid Canterbury farmers and their families."
Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.
A leading financial and banking advisor says he doubts if most dairy farmers fully understand the dynamics of banking.
Dairy farmers are shoring up their balance sheets, with almost $1.7 billion of debt repaid in the six months to March 2025.
Virtual fencing company Halter is going global but for founder Craig Piggott, New Zealand farmers will always remain their main partners.
A former Fonterra executive is the new chair of the Dairy Companies Association of New Zealand (DCANZ).
New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.