
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.
A high New Zealand dollar and reduced demand for sheep and beef looks set to hurt farmers in the coming year.
New Zealand's largest exporter, Fonterra, says it will receive no protection under planned changes to the emissions trading scheme.
Fonterra farmers keen to get an early start on share trading will have to wait a while yet.
"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.
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.
Fonterra says it won't hesitate to take action, "including refusal to collect milk" if deliberate animal mistreatment is proven.
New Zealand's biggest privately held dairying operation allowed dozens of calves to slowly dehydrate to death.