Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Fonterra Shareholders' Council chairman, Duncan Coull, says record breaking efforts of shareholders saw 65% of farms, representing 73% of milksolids, cast their votes.
"This is an outstanding result for our co-op," says Coull.
"Fonterra farmers value the principle of 100% ownership and control and it is great to see shareholders, as the owners of Fonterra, come out in numbers to decide the direction in which their co-op will travel.
"My view is that the health of our co-op is dependent on our shareholders and their willingness to participate in the decision making processes and based on the participation rates in this Election I would suggest that our co-op is in very good shape."
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.