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 31,000 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 seven 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.