FONTERRA CHAIRMAN Henry van der Heyden says the $8.2 million paid out to former chief executive Andrew Ferrier is not a ‘golden parachute’ deal. It is instead related to Ferrier’s performance during his eight-year stint at the co-op.
FARMERS IN the Horizons region say they could deny access to their properties to members of Fish and Game as a result of its stance on the infamous One Plan and the recently announced decisions on it from the Environment Court.
FONTERRA CHIEF executive Theo Spierings is expected to announce this week that the co-op’s annual revenues have for the first time exceeded $20 billion. The achievement caps Spierings first year at the helm of the co-op.
FEDERATED FARMERS has slammed the Environment Court for the changes it’s made to Horizons Regional Council’s controversial One Plan. It warns dairy farmers could be forced off their land by some of the new rules.
WAIKATO MILKING Systems NZ Ltd has won a multi-million dollar bid to supply Chinese dairy giant Mengnui with 13 rotary milking platforms – a big thumbs up for Kiwi agricultural technology, says Waikato’s chief executive Dean Bell.
With estimates that 70-75% of the world's population may be lactose intolerant and with total milk, yoghurt and cheese consumption at over 200 million tonnes in 2011, lactose free dairy products represent a substantial opportunity for dairy manufacturers.