Despite tough economic conditions and a fickle mother nature Silver Fern Farms reports a full year profit.

Commerce Commission looks at proposed freight service coordination that could be anti-competitive.

Duo form $400 million freight alliance.

Meat processor Silver Fern Farms has slumped to a net operating loss of $800,000 for the September year down from a profit of $5.4 million in 2009.

A $151 million project to reinject life into New Zealand’s red meat industry was announced in Wellington this morning with a goal to provide a net economic benefit of more than $500 million.

Dunedin-based meat processor Silver Fern Farms, state owned corporate farmer Landcorp and rural services and supplies company PGG Wrightson alongside the Ministry of Agriculture and Forestry (MAF) have presented a seven-year programme focusing on red meat consumers first and developing the products they require.