Primary Sector
Explore the latest primary industry news by BusinessDesk.
Primary Sector
Westpac's stressed dairy loans tick up
Some heavily indebted dairy farmers are barely covering their interest payments despite relatively strong prices for several seasons, Westpac NZ chief executive David McLean says."The ones who've got more leverage, most of those are still covering their cost of production but som...
Primary Sector
Ngai Tahu launches review after poor year for honey and dairy units
A 76 percent plunge in annual profit for its commercial arm and challenging economic conditions has seen Ngai Tahu launch a wide-ranging review of its businesses. The South Island iwi posted a net profit of $37.5 million for the year ended June from $153.7 million the previou...
Primary Sector
Water, methane reforms a $7b hit to economy by 2050: Dairy NZ
Implementing the government's freshwater clean-up reforms and cutting methane emissions will cost the economy about $7 billion a year by 2050, lobby group DairyNZ says.The government's Essential Freshwater package "could significantly harm New Zealand's dairy sector and the wider...
Primary Sector
Supreme Court to hear Synlait's appeal on Pokeno case
Synlait Milk has won the right to appeal a decision restricting the land where its new $260 million Pokeno factory has been built to grazing, lifestyle farming and forestry.The company is now moving on with the next stage of the legal process and obtaining some certainty, it said...
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Riley Kennedy
Senior Journalist
Riley Kennedy joined BusinessDesk in 2022 and covers New Zealand’s primary sector, with a focus on the country’s agribusinesses and the broader food and fibre economy. He won the DairyNZ Industry Award at the NZ Guild of Agricultural Journalists and Communicators Awards in 2024, and was named Emerging Journalist of the Year by the New Zealand Shareholders Association in 2022. Riley previously worked as a business specialist at the Otago Daily Times and holds a diploma in journalism from Wintec.
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