Fonterra picks higher profit, but keeps the cash
Fonterra says it has lifted its "distributable profit" forecast by 5c for the current 2009-2010 season to between 40c to 50c a share - but isn't going to pass on this increase to its farmers.
Fonterra says it has lifted its "distributable profit" forecast by 5c for the current 2009-2010 season to between 40c to 50c a share - but isn't going to pass on this increase to its farmers.
Only 7 dairy farms were sold last month, says the Real Estate Institute, with total farm sales slumping more than a third to just 46.
A free trade deal with the highly protected Indian economy could mean big things for New Zealand agriculture exporters.
NZ researchers may have discovered a breathrough for reducing greenhouse gas emissions.
A farmers' group in the Waikato has given warning that an $824m pylon project due to start next month may lead to standoffs with Transpower.
Fonterra has raised about $270 million from its farmer shareholders.
Fonterra says around one third of its farmer shareholders have spent $270.7 million buying up new shares in the co-operative.
Carter Holt Harvey is putting 29 dairy farms on the market, asking $224.5 million in the biggest single offering of farm land seen in NZ.