Fonterra is not expected to recoup the $around $750m it has invested into its farms in China over the last decade despite reportedly finding a buyer for the land. The seven farms, which are spread across Hebei and Shanxi provinces, are believed to currently be worth 1bn, although experts have claimed any deal would likely fall short of that figure. The farms, which do not make a profit, are comprised of 31,000 milking cows housed in a feedlot system.
Fonterra is not expected to recoup the $1bn it has invested into its farms in China over the last decade despite reportedly finding a buyer for the land. The seven farms, which are spread across Hebei and Shanxi provinces, are believed to currently be worth around $750m, although experts have claimed any deal would likely fall short of that figure. The farms, which do not make a profit, are comprised of 31,000 milking cows housed in a feedlot system.