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Rural

Fonterra's rating lowered To 'A'; Outlook stable

Standard & Poor's lowers Fonterra's credit rating because of a new "financial risk appetite that is more aggressive than what we had factored into the previous ... rating"

Fonterra's required run-rate problem

Peter Redward points out that for Fonterra to achieve its latest farm gate payout expectation, either a significant decline in the value of the NZD and/or a sharp rise in prices is needed

Fitch affirms Fonterra at 'AA-'; Outlook stable

Fitch holds its rating because Fonterra has scale, and the defensive characteristics of its ingredients business

Review of Beef+Lamb promotional spending

Should levy funds be used for country of origin marketing or be targeted at farm gate issues? Allan Barber reviews the choices ahead of the Beef+LambNZ referendum

Fonterra bets big on China formula

Updated
Fonterra to invest NZ$615 mln in buying 20% of Chinese infant formula group Beingmate; Keeps milk payout forecast at NZ$6/kg; Will invest NZ$555 mln in new NZ plants

The Weekly Dairy Report

Good start to spring production but price woes stay

Rabobank lending growth resumes

Rabobank June quarter profit up 25% as income grows faster than expenses and a lid's kept on bad debts

The Sheep Deer and Cattle Report

Early spring conditions favourable but optimism for strong lamb prices ease

A New York Yankee in the Wairarapa

Anders Crofoot says the current politics, cultish popularity and the nasty undercurrent today may have turned him away from investing and settling here. Your view?

Chinese shopping for Canterbury farms

Chinese buyers and corporate investors are increasingly common on Canterbury farms, Bayleys says