Fonterra boss takes pay cut worth as much as $360,000
Fonterra's highest-paid employee - likely to be chief executive Andrew Ferrier - appears to have taken a pay cut of up to $360,000.
Fonterra's highest-paid employee - likely to be chief executive Andrew Ferrier - appears to have taken a pay cut of up to $360,000.
Meat cooperative Silver Fern Farms has reported a 16 per cent rise in full year net profit to $43.6 million, but says conditions were difficult.
A high New Zealand dollar and reduced demand for sheep and beef looks set to hurt farmers in the coming year.
Contact Energy has brushed off an attack on "disgraceful" behaviour over its planned Waikato wind farm plan.
New Zealand's largest exporter, Fonterra, says it will receive no protection under planned changes to the emissions trading scheme.
"Significant animal welfare issues" have been found among the 20,000 cows on the 22 farms owned by the Crafar family, a MAF inquiry says.
NZ's largest family owned dairy business is put into receivership by its banks Westpac, Rabobank and PGG Wrightson Finance.
New Zealand's largest family owned dairy business, Crafar Farms, has been put into receivership, Korda Mentha said in a statement.
Receivers were getting mud on their gumboots yesterday as they came to grips with problems of Crafar Farms.
Federated Farmers Dairy chair Lachlan McKenzie responds to recent controversy over the mistreatment of animals on a NZ dairy farm.
Inspectors have begun urgent checks on the welfare of livestock at farms owned by the Crafar family, amid concerns that publicity over alleged cruelty could harm New Zealand's reputation.
Agriculture Minister David Carter says 'dirty dairy farmer' Allan Crafar could do huge damage to New Zealand's reputation.