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Monday 6th of April 2009
Rural Property Trust shrinks
New Zealand Rural Property Trust made a half-year operating loss of $1.6 million and indicated the value of its farm properties may have fallen by around $21 million and $23.5 million.
Major factors in operating losses were a 22% fall in milk income as dairy processor Fonterra cut its advance payments, plus a sharp rise in costs of fertilizer and...
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