ANZ's rate swap breach
ANZ breached the Fair Trading Act for misleadingly representing interest rate swaps to some customers.
ANZ breached the Fair Trading Act for misleadingly representing interest rate swaps to some customers.
Fonterra's cut its payout forecast by 10c to $4.40 a kilo of milk solids and says it expects to pay out $5.25 a kilo for next season.
A threat of legal action being used to partly justify nearly $12 million spent on a Saudi businessman's farm was clearly hollow, Labour says.
A controversy over the spending of millions of dollars on a overseas businessman’s farm in Saudi Arabia has boiled over in Parliament with accusations of bribery.
New Zealand spent more than $11.5 million to help establish a demonstration farm in Saudi Arabia - but does not have any contractual rights to access it.
One farmer is using humour to help get him through the tough conditions brought on by drought in North Canterbury.
There's been another fall in world dairy prices, with the GDT index down to its lowest level since August 2009.
Farm prices have continued to rise, despite the near halving of milk prices over the past year, according to Real Estate Institute of New Zealand data.
Farmers don't expect special treatment from this year's Budget, but some recognition of the impact that the drought has had on farm finances would be a welcome move.
Fonterra farmers have been tipped to go without a "retro" payment in July as the co-operative rebalances.
We continue to strive for higher production in farming to raise more profit per square metre of land, writes Sam Judd. Perhaps there is a way to make a shed which is nice for the animals, with room to move around whilst still productive?
The old joke that there's nothing in New Zealand but sheep may have run its course, as stock numbers hit lows not seen since during the Second World War.
The Reserve Bank has singled out the New Zealand dairy sector as an "area of risk" for the financial system.
An Angus sirloin was last night crowned the Grand Champion of steaks in New Zealand. Catherine Smith was one of the lucky judges.
Fonterra will late this month release its milk price forecast for 2015/16 and indications are that it will be towards the lower end of market expectations.
Saskatchewan, Canada's biggest agricultural province, imposed a temporary ban last month on certain investors acquiring farmland, reports Bloomberg.
ANZ Bank New Zealand, the country's biggest lender, was the most aggressive in pitching interest rate swaps to farmers, the Commerce Commission says.
International dairy prices fell for the fourth time in a row at this morning's GlobalDairyTrade auction.
A New Zealand farming couple have smashed a 25 year-old world record for the world's largest crop of barley. Their supporters say the achievement could help solve world hunger.
A man has been banned from owning livestock for 20 years after failing to provide six calves with sufficient food.
Drought conditions are biting into California's dairy production, which could end up being supportive for international dairy prices, say analysts.
Calfsmart is the brainchild of Ben Neal, a 35-year-old mechanical engineer who grew up on a dairy farm in Dannevirke.
The reduced dairy payout and the high Kiwi dollar are being carefully assessed by potential farm buyers, says the Real Estate Institute of New Zealand.
A Waikato farm development company - Dairy Solutionz - will open a 117ha, 300-cow demonstration dairy in the Narino region of south Colombia tomorrow.
Dairy farm bank balances will be heading into the red this winter and spring, producing some short-term but significant cashflow management challenges.
International dairy prices fell for the third time in a row at this morning’s GlobalDairyTrade auction.
Parts of the South Island have experienced sporadic bursts of rain in recent weeks but Marlborough and Canterbury are still waiting for the big drought breaker.
The rural property market has remained remarkably resilient in the face of lower farm-gate prices and dry summer conditions, with prices - by some measures - returning to pre-global financial crisis....