Posts Tagged ‘banking facility’

Longer season and drought affect Silver Ferns’ banking headroom

July 3, 2015

Silver Fern Farms have been forced to take what CEO Dean Hamilton calls a prudent approach to livestock procurement. This is code for being hard up against the company’s banking facility, directly as a result of greater livestock availability. A longer season in the North Island and pressure from drought in North Canterbury are responsible for this situation. (more…)

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Silver Fern Farms addresses capacity issues, but no progress on meat industry restructure

October 9, 2013

The only meat industry capacity rationalisation evident so far is beef not sheepmeat related. Silver Fern Farms has announced the closure of the beef chain at its Waitoa plant which it bought 18 months ago from Wallace Corporation in, what CEO Keith Cooper said at the time, was an essential contribution to the meat industry’s sustainability. (more…)