AGRIBUSINESS ARCHIVES

Farming not Maori’s best asset

The poorest performing Maori investments are in farming, often favoured for cultural rather than economic considerations, ANZ Bank says.

Heartland lifts rural income

Heartland Bank increased its rural net operating income in the latest year though the amount loaned to the sector at year-end was lower.

Scales sells bulk liquid storage unit

Scales Corp will sell its bulk liquid storage unit to Taranaki’s SBT Group for $20 million as the agriculture group builds up a war chest to seek out new acquisitions.

PGW equals record earnings

PGG Wrightson equalled record operating earnings levels in the latest year but as signalled earlier, a raft of one-off and higher interest costs made a big dent in the bottom-line profit.

Support for oganics rules

Most public submissions support the Government’s preferred approach of a single set of rules for organic production, Food Safety Minister Damien O’Connor says.

Hop sydicate will boost sector 20%

The previously closed hop growing sector will expand considerably over the next two years as a MyFarm syndicate boost the area planted near Nelson by 20%.

Pamu, Forest and Bird form a team

Pamu, formerly known as Landcorp, is not cosying up to farm critics but including them in corporate governance to benefit the wider farming sector.

Farmers are watching

Federated Farmers arable section chairwoman Karen Williams hopes the expanded DLF Seeds business will continue the PGG Wrightson strategy of contracting New Zealand farmers to grow seeds for it on a significant scale.

Seeds sale a ‘good, clean deal’

DLF Seeds’ purchase of PGG Wrightson’s seeds and grain business for $421 million is at a big premium to its book value of $285m, PGW deputy chairman Trevor Burt says.

Trump puts kiwi exports at risk

The dairy industry is watching nervously as United States President Donald Trump rolls out new sanctions against Iran and threatens those who do business with it.