Debt is good under some circumstances

After my column last week about meat industry debt levels, Keith Cooper, CEO of Silver Fern Farms, took me to task for incorrectly reporting the situation with Silver Fern Farms’ debt facility.

Meat industry’s high debt levels must concern banks

The levels of debt carried by at least some of the major meat companies must be causing concern to the bank syndicates that are providing external working capital to fund their operations. In total the big three have bank debts of a minimum of nearly $750 million.