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.
Former Fonterra Shareholder Council chairman Duncan Coull has been elected as the new chair for Fertiliser co-operative Ballance Agri-Nutrients.
Current Ballance chair David Peacocke is stepping down as a director in September 2020 at the Annual Shareholders Meeting (ASM) – with Coull taking up the post after the ASM.
Peacocke is a Waikato farmer and businessman. He has been a Ballance director since 2005 and was elected as chair in 2013.
Coull is an Otorohanga-based dairy farmer and was elected on to the Ballance board in 2018.
“Our relationships with everyone from shareholders and customers to suppliers and regulators are extremely important to the success of our company and the agricultural sector,” he says.
“Our farmers continue to adapt and rise to the challenge of increasing expectations of our consumers and communities, while at the same time making sure they are operating sustainably and optimising profitability.”
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.