Archive for May, 2009

New meat industry model emerging

May 13, 2009

After several false starts a new model for the meat industry looks to be evolving tentatively in a more strategic way than appeared likely 12 months ago. Then, various companies, farmer groups and industry bodies were thrashing about trying to find a magic answer to solve the industry’s problems, but all the attempted changes sank without trace under a combination of mistrust and lack of enthusiasm for the proposals. (more…)

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Silver Fern Farms’ has disappointing half year, but hopes for year end profit

May 9, 2009

The transformation of Silver Fern Farms (SFF) from a disjointed monolith across two islands and a large number of ageing plants to a leaner, efficient, market led meat processor remains very much a work in progress. The half year loss to the end of February represents a disappointing turnaround from last year of $31.1 million pre-tax and $16.2 million after tax to losses of $16.7 million and $5.9 million respectively. (more…)