PGG Wrightson says the recent sale of a Lower Waitaki dairy farm for $8.35 million could “re-ignite” the market for dairy property.
A wet spring across the country and a delayed recovery were largely the reason for a softer half-year result for PGG Wrightson (PGW).
PGG Wrightson shareholders have approved a plan to sell its seeds division to Danish seeds giant DLF.
Plant breeding research for pastoral farming has shifted from the likes of AgResearch to private institutions, says Derek Woodfield, GM research and development, PGG Wrightson Seeds.
Merino wool is “very much the talk of the town at the moment,” says PGG Wrightson South Island sales manager Dave Burridge.
New Zealand will still benefit from its intellectual property (IP) in locally developed seed lines when the PGW Seed and Grain business is sold to Danish global seeds giant DLF.
Rural services company PGG Wrightson (PGW) has announced an increase in earnings but a drop in net profit in the year to the end of June.