Rising dough puts mill chairman on rich list

Last updated 14:47 01/08/2014
murray turley
MYTCHALL BRANSGROVE/ Fairfax NZ
UPWARDLY MOBILE: Farmers Mill chairman Murray Turley at the flour mill's opening in 2013.

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Temuka farming couple Murray and Margaret Turley have been named on this year's National Business Review rich list.

The couple are among the list's 13 newcomers, which puts them at a worth of $130 million.

The Turleys own Turley Farms, a large-scale grain, seed and vegetable production business operating in Mid and South Canterbury. The couple's Tudair Holdings has a 21 per cent stake in New Zealand's largest farming conglomerate Dairy Holdings.

Mr Turley also owns 8.75 per cent of Timaru's new $10m flour mill. The Turleys have significant holdings in a wide array of rural real estate.

The Turleys did not wish to comment yesterday when contacted by The Timaru Herald.

In making the list, Murray Turley told the NBR: "It's a bit embarrassing really as we're pretty humble people and we like to keep under the radar".

Turley also paid tribute in the article to friend Allan Hubbard who died three years ago.

He said Hubbard's advice to him was: "Improve your performance, plan ahead, get up earlier, do things on time."

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- The Timaru Herald

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