Latest New Zealand Agriculture News

PGG Wrightson expects FY27 Operating EBITDA of approximately NZ$70 million, up from NZ$64.3 million in FY26, after an encouraging first quarter. The forecast rests on supportive commodity prices and farmer confidence, but remains exposed to input costs, weather and a planned reassessment after the second quarter.

Booster Investment Scheme 2's Private Land and Property Fund swung back to profit with NZD 1.3 million after tax for the year ended March 2026, despite net asset value slipping due to unit redemptions. The Fund’s investment portfolio remains concentrated in unlisted New Zealand agricultural and property assets, while its Manager faces unrelated FMA proceedings.

Fonterra has appointed Richard Allen as its new CEO starting 1 May 2026, marking a leadership transition aimed at sustaining strategic momentum and financial discipline. Allen’s deep roots in the cooperative and global experience position him to guide Fonterra’s next chapter.