
Fonterra farmers poised for landmark vote
Fonterra chief executive Andrew Ferrier says tomorrow's vote on whether to start share-trading among farmers is the most important decision for its farmers since the co-op was created.
Fonterra chief executive Andrew Ferrier says tomorrow's vote on whether to start share-trading among farmers is the most important decision for its farmers since the co-op was created.
May Wang's creditors have "overwhelmingly" voted in favour of a repayment plan that will see them get 2c in the dollar back.
The Chinese-backed firm fronting a bid to purchase the Crafar farms has yet to relodge its application for OIO approval, less than a week before tenders close.
The rural property sector remains stagnant because prices and sales are being dictated by banks, REINZ says.
May Wang's lawyer is confident creditors will accept her proposal to repay them just 2c in the dollar to settle a multi-million dollar debt.
New Zealand's farm and forestry exports are bouncing back in the wake of the global recession, agricultural economists say.
Farmers are excited at the prospect of being able to let Canada Geese have it from both barrels.