Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
FONTERRA IS teaming up with the Government to help develop farmers in our key export markets.
A partnership – Framework for International Development in Dairy Excellence – between Fonterra and MFAT aims to help develop food security, knowledge and nutrition in countries whose dairy industries are ‘under-developed’.
Chief executive Theo Spierings says New Zealand and its dairy industry have a ‘global’ role to play in promoting dairy for good nutrition and helping developing economies meet the demands of their populace for dairy products.
Fonterra’s work under the partnership will be in markets where the co-op is reaching more consumers and is seeking to lend more support to local dairy farmers and communities.
“We’ve been dairy farming and processing for over a hundred years, and sharing that expertise with others ensures a strong reputation for dairy quality and safety globally. This is important in developing economies where an increasing knowledge base and rising incomes cause more consumers to turn to dairy products.”
The partners will work to raise onfarm milk safety and quality, increase farmer productivity and profitability, build cooperative governance, and improve milk collection and transport and education nutrition with local communities.
MFAT chief executive John Allen says the goal is to enhance food security, income and nutrition by promoting dairy development and food safety and quality.
“New Zealand is a high-performing agricultural nation. That is why MFAT is seeking to use its expertise and innovation, and Fonterra’s…. to investigate potential for building the capability of farmers in developing countries, or enhancing co-opmodels and business structures.”
The National Wild Goat Hunting Competition has removed 33,418 wild goats over the past three years.
New Zealand needs a new healthcare model to address rising rates of obesity in rural communities, with the current system leaving many patients unable to access effective treatment or long-term support, warn GPs.
Southland farmers are being urged to put safety first, following a spike in tip offs about risky handling of wind-damaged trees
Third-generation Ashburton dairy farmers TJ and Mark Stewart are no strangers to adapting and evolving.
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.