Federated Farmers dairy chairman Lachlan McKenzie said: "There will be an audible sigh of relief from all dairy farmers." And new dairy conversion farmer Charlie Pedersen said: "Armageddon is behind us." Fonterra's first forecast for the season was $4.55, which would have put the average farm more than $70,000 in the red, according to industry calculations of expenses and debt servicing. The rise to $5.10 in September changed that to an $11,000 debt. Yesterday's forecast of 95c extra puts them on the right side of the ledger with a $22,000 after tax profit. However, National Bank rural banking manager Charlie Graham said it would not change the need for a lot of farmers to tighten their finances.  
Share:  Federated Farmers dairy chairman Lachlan McKenzie said: "There will be an audible sigh of relief from all dairy farmers." And new dairy conversion farmer Charlie Pedersen said: "Armageddon is behind us." <span class="company">Fonterra</span>'s first forecast for the season was $4.55, which would have put the average farm more than $70,000 in the red, according to industry calculations of expenses and debt servicing. The rise to $5.10 in September changed that to an $11,000 debt. Yesterday's forecast of 95c extra puts them on the right side of the ledger with a $22,000 after tax profit. <span class="sent"> However, National Bank rural banking manager <span class="analyst">Charlie Graham</span> said it would not change the need for a lot of farmers to tighten their finances. </span>...Federated Farmers dairy chairman Lachlan McKenzie said: "There will be an audible sigh of relief from all dairy farmers." And new dairy conversion farmer Charlie Pedersen said: "Armageddon is behind us." <span class="company">Fonterra</span>'s first forecast for the season was $4.55, which would have put the average farm more than $70,000 in the red, according to industry calculations of expenses and debt servicing. The rise to $5.10 in September changed that to an $11,000 debt. Yesterday's forecast of 95c extra puts them on the right side of the ledger with a $22,000 after tax profit. <span class="sent"> However, National Bank rural banking manager <span class="analyst">Charlie Graham</span> s Tweet this 

By Andrea Fox Fonterra will have to look to its farmers for more capital now a market listing is officially off its capital restructure agenda , but the country's major rural lender says the average dairy farmer is not in a strong position to contribute. ANZ National rural general manager Charlie Graham said many farmers were already borrowing extra to meet Fonterra's share buy requirements this season, which meant more debt being sheeted into the industry.  
Share:  By Andrea Fox <span class="company">Fonterra</span> will have to look to its farmers for more capital now a market listing is officially off its capital restructure agenda , but the country's major rural lender says the average dairy farmer is not in a strong position to contribute. <span class="sent"> ANZ National rural general manager <span class="analyst">Charlie Graham</span> said many farmers were already borrowing extra to meet <span class="company">Fonterra</span>'s share buy requirements this season, which meant more debt being sheeted into the industry. </span>...By Andrea Fox <span class="company">Fonterra</span> will have to look to its farmers for more capital now a market listing is officially off its capital restructure agenda , but the country's major rural lender says the average dairy farmer is not in a strong position to contribute. <span class="sent"> ANZ National rural general manager <span class="analyst">Charlie Graham</span> said many farmers were already borrowing extra to meet <span class="company">Fonterra</span>'s share buy requirements this season, which meant more debt being sheeted into the industry. </span>...<span class="sent">ANZ National rural general manager <span class="analyst">Charlie Graham</span> said many farmers were already borrowing extra to meet <span class="company">Fonterra</span>'s share buy requirements this season, which meant more debt being sheeted into the industry. </span> The bank was "fairly neutral" about <span cl Tweet this 

reiterated that stance on Monday . POSSIBLE BENEFITS Some analysts cited possible benefits for Generali from the pact in completing the sale of its stake in the Intesa Vita joint venture or avoiding write downs on its 5.0 percent stake in Intesa Sanpaolo, or creating bancassurance ties with Credit Agricole . 'The critical thing for Generali is reaching a resolution on the joint venture and negotiating an exit price,' said ING analyst Charles Graham . Generali has said it is selling the Intesa Vita stake because of poor returns .Generali executives have said they expect a 650 million to 700 million euros price for the 50 percent stake . Intesa declined to comment on progress on the Intesa Vita stake sale nor on Generali's view on the price it should get . 
Share:  reiterated that stance on Monday . POSSIBLE BENEFITS Some analysts cited possible benefits for Generali from the pact in completing the sale of its stake in the Intesa Vita joint venture or avoiding write downs on its 5.0 percent stake in <span class="company">Intesa Sanpaolo</span>, or creating bancassurance ties with Credit Agricole . <span class="sent"> 'The critical thing for Generali is reaching a resolution on the joint venture and negotiating an exit price,' said ING analyst <span class="analyst">Charles Graham</span> . </span> Generali has said it is selling the Intesa Vita stake because of poor returns .Generali executives have said they expect a 650 million to 700 million euros price for the 50 percent stake . Intesa declined to comment on progress on the Intesa Vita stake sale nor on Generali's view on the price it should get . ...<span class="sent">'The critical thing for Generali is reaching a resolution on the joint venture and negotiating an exit price,' said ING analyst <span class="analyst">Charles Graham</span> . </span> Generali has said it is selling the <span class="company">Intesa</span> Vita stake because of poor returns .Generali executives have said they expect a 650 million to 700 million euros price for the 50 percent stake . <span class="company">Intesa</span> declined to comment on progress on the <span class="company">Intesa</span> Vita stake sale nor on Generali's view on the price it should get . Tweet this