This episode featured as part of the Agribusiness segment in partnership with BNZ.

Rural commentator and journalist Tony Leggett says Silver Fern Farms’ plan to invest $100 million at its Finegand plant near Balclutha is a vote of confidence in the sector’s future.

“Farmers in that southern North Island should be pretty happy to see it,” he says.

He says both Silver Fern Farms and Alliance Group have come out of a massive loss period, with new ownership through Dawn Meats.

He is unconvinced that the slide in Alliance’s share value tells the real story.

“It’s not a great proxy for farmer confidence in their co-operatives.”

This episode featured as part of the Agribusiness segment in partnership with BNZ.

This podcast is solely for information purposes. It’s not financial or other professional advice. No party, including BNZ, is liable for direct or indirect loss or damage resulting from the content of this podcast.

CountryWide CONNECT with Andy Thompson & Sarah Perriam-Lampp is our daily rural show livestreamed from 11am-1pm. Visit country-wide.co.nz on how to watch/listen or download the CountryWide CONNECT mobile app, available on Apple iOS and Android.