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.
New Fonterra Co-operative Council chair John Stevenson says there are plenty of challenges ahead for Fonterra farmers.
The Wairarapa farmer, who took over the chairmanship at the co-op's annual general meeting last week, says he's looking forward to the challenge.
"There are plenty of challenges ahead: our co-op is in a strong position and it's important our farmers have a voice," he told Dairy News.
"I'm excited with this opportunity to represent farmers."
Stevenson replaces James Barron who retired after three years in the role.
He was first elected to the council in 2017 from the Wairarapa ward. A fifth generation dairy farmer, he has been milking cows on the family farm for 12 years.
Stevenson owns two farms: a 1,000-cow farm in Carterton and a 500-cow farm in Masterton.
He is currently chair of the council's accountability committee. He was part of the DIRA working group in 2018-9 and currently serves as a council's representative on the board's co-operative relations committee.
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.
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