Alliance chair warns farmer rescue plan offers ‘false hope’

Mark Wynne did not mince his words about the alternative plan. (Image: Jacques Steenkamp/NZME)

Tue, 23 Sep 2025

Alliance Group’s chair has all but shut down a letter penned by a group of farmers wanting to recapitalise the embattled processor themselves as providing “false hope”.Five current shareholders have pulled together what they describe as an “alternative finance proposal” to prepay its debt money from capital raised from farmers, retaining profits as well as selling “non-essential” assets.Under the current deal, set to be voted on by Alliance’s 4,500-odd farmers next month, Dawn Meats will take a 65...

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