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Pengxin farms post operating loss due to North Island drought

Pengxin farms post operating loss due to North Island drought

By Paul McBeth Nov. 29 (BusinessDesk) - The former Crafar family farms controversially bought by China’s Shanghai Pengxin last year reported an operating loss in their first year of new ownership due to the widespread drought last summer. Pengxin New Zealand Farm Management r...

29 Nov 2013
Italy’s Barilla pasta family pays $25 million for Leferink dairy farm

Italy’s Barilla pasta family pays $25 million for Leferink dairy farm

By Tina Morrison Nov. 29 (BusinessDesk) – Italy’s Barilla family, founders of the world’s largest pasta company, have paid $25 million to buy a South Island dairy farm from Federated Farmers dairy chairman Willy Leferink and his wife Jeanet. New Zealand’s Overseas Investment O...

29 Nov 2013
BNZ sets aside $50M to help iwi get their Treaty settlement funds

BNZ sets aside $50M to help iwi get their Treaty settlement funds

Nov. 29 (BusinessDesk) – The Bank of New Zealand is angling for a bigger slice of burgeoning Maori economic activity, establishing a $50 million fund to bridge financial gaps that can delay the payment of Treaty of Waitangi settlement funds to claimants. Around $1.5 billion in...

29 Nov 2013