Photo: PGG WrightsonA thriving rural economy has helped PGG Wrightson (PGW) lift its half-year profit 8% to $17.3 million. The rural business company expects further strong trading in the second half. A spending boost is expected from an average $300,000 one-off payment to dairy farmers from Fonterra’s sale of its consumer business. PGW was seeing dairy farmers already investing in their businesses from the coming one-off Fonterra payment. "We have sold some properties to farmers as they look to expand their footprint and some are looking for rural residential property as well.

Source: Otago Daily Times February 25, 2026 16:32 UTC