'Dirty, rotten, mongrel bastards': Farmer says he may not have closed if supermarkets passed on m...

'Dirty, rotten, mongrel bastards': Farmer says he may not have closed if supermarkets passed on m...

Queensland dairy farmer Scott Priebbenow, who says after nearly 60 years of dairying on their Greenmount farm near Toowoomba, his family has been forced to send their herd to the meatworks, says it may not have come to that, if major supermarkets had passed on milk price increases.
1min
Seven West (ASX:SWM) to sell Pacific Magazines

Seven West (ASX:SWM) to sell Pacific Magazines

Seven West (ASX:SWM) has this morning confirmed reports it will sell Pacific Magazines to Bauer Media for $40 million. The sale price represents a 4.9 times enterprise value EV/EBITDA earnings multiple based on the 2019 financial year. Pacific Magazines publishes Marie Claire, Men’s Health and Better Homes and Gardens. The proceeds of the sale will be used to pay down debt, improving SWM’s balance sheet following its purchase of Prime Media last week. Seven says the sale of Pacific Magazines is another major initiative aligned with its strategy to improve balance sheet flexibility and simplify the operating model to enable greater focus on growth initiatives. Shares in Seven West (ASX:SWM) are trading 3.9 per cent higher at $0.40.
The floating farm for cows

The floating farm for cows

World's first offshore farm aims to make dairy farming more sustainable.
Fonterra (ASX:FSF) raises milk price forecast

Fonterra (ASX:FSF) raises milk price forecast

Fonterra (ASX:FSF) has this morning announced it is increasing its forecast farmgate milk price range from $6.25 - $7.25 per kgMS to $6.55 - $7.55 per kgMS. Fonterra Chairman John Monaghan says the Co-op had been achieving good prices for its milk so far this season. Demand for whole milk powder (WMP) has been firm, and for the full season Fonterra is expecting it to be above last year. Global WMP production is down year to date and expected to continue to decrease for the remainder of 2019. The dairy company says its earnings outlook for FY20 is based on a forecast Farmgate Milk Price, which still falls within its new forecast range of $6.55 - $7.55 per kgMS. The mid-point of the revised range does mean our teams will need to continue to push hard to achieve its margins, but so far the business is comfortable with how the season is shaping up in terms of underlying business performance. Shares in Fonterra (ASX:FSF) closed 1.73 per cent lower at $3.685 yesterday.
Rare Breed - November

November

Winter is arriving. It is an early start in Moira for John Tate as his pigs are being loaded for the factory. It is a similar story over in Struell Wells near Downpatrick, as Paul Turley's Angus cross cattle have reached the perfect weight for processing. At the Bell's near Ballymena their flock of turkeys is almost ready for the Christmas market. Drew and Valerie McConnell are on alert for calving cows at their Omagh dairy farm. Henry Savage from Cullyhannna is in Ballymena for the Autumn Pedigree Limousin sales.
 - 'Dirty, rotten, mongrel bastards': Farmer says he may not have closed if supermarkets passed on m...
'Dirty, rotten, mongrel bastards': Farmer says he may not have closed if supermarkets passed on m...
 - Seven West (ASX:SWM) to sell Pacific Magazines
Seven West (ASX:SWM) to sell Pacific Magazines
 - The floating farm for cows
The floating farm for cows
 - Fonterra (ASX:FSF) raises milk price forecast
Fonterra (ASX:FSF) raises milk price forecast
Rare Breed - November
Rare Breed
November

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