Farming investor Dairy Farms NZ selling up

Dairy Farms NZ plans to put its properties on the market this spring. (Image: Getty)

Thu, 18 Jul 2024

Corporate farming group Dairy Farms NZ is selling up after investors indicated they wanted their money back.Set up in 2014, the group, 49% owned by EGI-NZ Dairy and 52 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.'A timing thing'However, its chief executive Craig M...

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