New level of transparency promised – Wilson
Fonterra chairman John Wilson says the co-op is providing a new level of transparency to shareholders about the business.
The Fonterra Shareholders' Council, which safeguards the interests of Fonterra's 10,500 farmer shareholders, says it remains fully supportive of the Trading Among Farmers (TAF) process.
Council Chair, Simon Couper says the council's position on the matter has remained consistent from the outset.
"The council has supported TAF from its inception conditional on due diligence by the board and the council, the pre conditions being met, and 100% ownership and 100% control being maintained by our farmer shareholders.
"The council will continue to engage with the board and management in order to gain as clear an understanding of TAF as possible as we prepare to receive the four preconditions.
"As always, we will continue to perform our duties and work in the best interests of our shareholder farmers as we seek to deliver an enduring co-op under TAF."
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.
OPINION: Scientists claim to have found a new way to make a substitute for cow's milk that could have a…
OPINION: The Irish have come up with a novel way to measure cow belching, which is said to account for…