Silver Fern Farms could come to Alliance Group's rescue

Dan Boulton took over as chief executive of Silver Fern Farms this year. (Image: Supplied)

Mon, 21 Oct 2024

Silver Fern Farms has offered to be “constructively involved” as its rival Alliance Group works its way through a capital raise.Alliance confirmed on Friday it would shut its Smithfield site in Timaru, a move widely expected given its announcement of the proposal to do so in September.The farmer-owned processor blamed declining sheep numbers. While its catchment would not have been limited to solely Canterbury, much of the region, particularly mid-Canterbury, is now dairy farming.Beef and Lamb NZ estimated that sheep numbers nationw...

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