MG worried about paying bills

8 February 2018

Murray Goulburn says it needs confirmation of its sale to Canadian dairy company Saputo to arrest further falls in milk intake.

The Australian dairy co-op announced its first half 2018 results on Wednesday, showing milk intake has fallen 30% in the past six months, which it says is because of an inability to pay a competitive farmgate milk price.

Dairy, city people share gloom

17 January 2018

Businesses in dairy regions joined their urban counterparts in souring on the economic outlook in the December quarter as the change in government sapped firms’ optimism.

Dairy pushes food prices down

15 January 2018

Weaker global dairy prices caused by high export volumes and subdued demand despressed global food prices at the end of last year, the United Nations’ food agency says.

Hopes for more farm sales

8 January 2018

Dairy farm sales in the upper North Island fell in 2017 though realtor Barfoot and Thompson hopes for a busier year ahead.

Westpac offers farmers help

15 December 2017

Westpac has recognised the financial pressure drought-like conditions will have on farmers and is offering aid to hard hit customers.

Too early to call farm prices

30 November 2017

It’s too early to say whether new rules creating hurdles for foreign buyers of rural land will undermine farm values, Reserve Bank deputy governor Geoff Bascand says.

Foreign forest investment welcome

29 November 2017

The forestry sector will have unique access to overseas investment to boost the Government’s tree planting programme and encourage domestic processing.

Banks' dairy support praised

29 November 2017

The Reserve Bank says it was right for banks to support farms through the dairy price downturn to limit loan defaults even though that contributed to the increase in dairy sector debt and added risk to New Zealand’s financial system.

Dairy farmers lose swaps case

23 November 2017

Taranaki dairy farmers Stephen and Sharon Coomey lost their bid to sue ANZ Bank New Zealand over the way it sold them interest rate swaps.

Dairy farmers still rely on banks

15 November 2017

While more farmers are likely to post positive cashflow this season because of improving dairy prices, many will still be beholden to their lenders for at least the next two years, Standard and Poor’s says.