Westland Milk’s biggest shareholders — investment fund Southern Pastures and the state-owned Landcorp — are biding their time over Yili’s takeover offer.
Hokitika-based Westland said this week that it had signed a conditional agreement for the sale of the co-op, which will see the Chinese dairy giant pay farmer-suppliers $3.41 a share.
Westland will seek shareholder approval for the proposed transaction at a special shareholder meeting, expected to be held in early July.
Southern Pastures, which has former All Black Graeme Mourie as one of its principals, owns 5.5 per cent of the co-op, which would be worth $13.6 million under the offer. . .
Cattle on 150 farms have been checked against national animal tracing records as part of efforts to wipe out the cattle disease Mycoplasma bovis but just one property passed muster.
Dr Alix Barclay, the Ministry for Primary Industries’ intelligence manager for the M. bovis response, said only one property had achieved a 100 per cent match with its National Animal Identification and Tracing (Nait) account.
The disappointing result highlighted the importance of making changes to the system, Barclay said. . .
Hayward family cultivate success in South Canterbury by seizing the day – Samesh Mohanlall:
Farming operations flourish on hard work, seizing the chances that come your way and having people that are trustworthy around, the family of a successful South Canterbury venture say.
Geoff Hayward and his wife Joy, who own and lease 1700 hectares of land for their sheep, beef and cropping operation across the Timaru district, told about 50 visitors to their Mt Horrible farm from the Beef + Lamb annual meeting on Thursday, that the key to their expansion is taking opportunities that come their way. . .
They may be tiny, slimy and reclusive, but the Canterbury mudfish are well worth protecting.
Kōwaro, as they’re named in te reo Māori, are a treasured species for local iwi Ngāi Tahu and having more of them around helps protect other freshwater natives such as kōura (crayfish) and kākahi (mussels).
Unfortunately, they’re also rare and endangered.
Fonterra is providing funding to Environment Canterbury to help them implement innovative technology in what is the first project of its kind in the Southern Hemisphere. . .
A2 names China CEO – Gavin Evans:
(BusinessDesk) – A2 Milk Co has appointed Li Xiao as chief executive of its greater China operations.
Li was previously president of the Kids Entertainment Division of Wanda Group, a Chinese multinational which owns the Hoyts cinema group. He starts in the A2 Milk role at the end of April, based in Shanghai, and will join A2’s senior leadership team. He will report to the firm’s Asia-Pacific chief executive Peter Nathan and managing director Jayne Hrdlicka. . .
(BusinessDesk) – Farmers and investors will need to be patient with Fonterra Cooperative Group’s overhaul of its business, which sometime-critic First NZ Capital analyst Arie Dekker says is moving in the right direction.
The cooperative’s board is working through a review of the business which has seen several assets put on the market to help cut the milk processor’s debt levels, and has signalled more divestments are coming. . .
In a Rural Delivery television programme last year Prof Steve Wratten of Lincoln University described Miscanthus as a “magic plant”. Although there was a degree of poetic licence in that statement, it is very understandable why he described Miscanthus in that way. But there are no magicians involved. Miscanthus is a truly remarkable plant that has so many advantages and options for commercial use that people who hear about it tend to think “This is too good to be true!”.
So they ignore it. The phenomenal success of Miscanthus therefore actually detracts from securing serious interest in both growing and using it. Contrary to people’s initial reaction, what seems like hype, is in fact true. . .
Activist trespassers are making a joke of our legal system – carrying out brazen invasions of private farms and walking away with a slap on the wrist, only to reoffend. It’s time for governments to act.
In recent months we’ve witnessed a spate of farm invasions by activists who think their opinions place them above the law.
These farm intruders are entering private premises, often in the dead of night, often while streaming live on the internet – all just a stones’ throw from where farmers and their families are sleeping.
Police and the court system have proven powerless to help, with those caught walking away with fines equivalent to a parking ticket. . .