Alliance Group pauses farmer-shareholder capital raise

Alliance Group has hit the pause button on its farmer-shareholder capital raise. “The board's preference is for Alliance to remain a 100% farmer-owned co-operative. However, raising the desired capital from farmer shareholders now looks extremely difficult. We continue to explore other shareholder funding options,” chair Mark Wynne said at the annual general meeting. Processing sheet livestock deductions and the issuing of new shares have been paused. In April, it said the aim was for farmers to contribute to...