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About 100 Silver Fern Farm shareholders have turned up for the company's special meeting in Dunedin.
The largest processing company, Silver Fern Farms (SFF), owned by 6200 farmer shareholders, has been offered the lifeline of a $261 million injection by Shanghai Maling, a Chinese company.
Shareholders will vote on the proposal today.
Chairman Rob Hewett thanked the shareholders for their strong interest in the company.
SFF chief executive Dean Hamilton told shareholders that the proposal gives the company a unique position in China.
"It will help us truly unleash our pasture to plate strategy," he says.
Voting results are expected around midday.
One of the country's leading experts on China has praised the NZ Government for its handling of the recent incident with China over that country's cyber attack on two of our parliamentary institutions in 2021.
Hopes of NZ sheepmeat prices picking up anytime soon in the country's key export market of China looks highly unlikely.
Zespri has unveiled the award-winning KiwiBrothersTM mascots in China for the first time to market its large kiwifruit crop.
Authorities in China have clamped down on companies in that country which have been packaging and selling their own local fruit under the Zespri brand.
Meat processor and exporter Silver Fern Farms Ltd has joined fellow South Island-based meat company Alliance Group in reporting a big loss for the past year.
Third-year student Cady Burns has won the Waikato Regional Council Prize in Water Science for 2024.
The Rural Change programme, providing free private mental health professional sessions to the rural industry, is set to continue its next chapter within Rural Support Trust from 1 July 2024.
Beef + Lamb New Zealand chief executive Sam McIvor will step down in July.
A new report shows farm employers across the dairy, sheep and beef, and arable sectors have continued to invest strongly in one of their greatest assets – their staff.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
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