Silver Fern Farms has remained in the red, with a recovery in red meat prices coming too late to offset increased procurement tensions. The chief executive of Silver Fern Farms talks about another challenging year for our biggest meat company, with the Silver Fern Farms Co-operative posting a $10.9 million loss after tax. Silver Fern Farms Limited (the operating company) has posted a $21.8 million loss after tax, with revenue decreasing $144 million from the previous year to $2.64 billion.