Farming investor Dairy Farms NZ posts $2.4m loss

Dairy Farms NZ sold almost half of its shares in Fonterra during the past year. (Image: Supplied)

Wed, 11 Sep 2024

The soon-to-be wound-up corporate farming group Dairy Farms NZ has posted a loss of $2.5 million.The group, which was established in 2014 and is 49% owned by EGI-NZ Dairy and 50-odd other shareholders with minority stakes, owns seven farms across the South Island and has a peak milk herd of just over 6,100.Dairy Farms NZ (DFNZ) has always said listing on the New Zealand Exchange (NZX) was a “matter of priority” for the group, but it needed a larger equity base than it currently had.However, as BusinessDesk reported in July, the...

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