Fonterra launches $1500 on-farm funding for eligible farmers
Over 85% of Fonterra farmer suppliers will be eligible for customer funding up to $1,500 for solutions designed to drive on-farm efficiency gains and reduce emissions intensity.
Fonterra is disputing claims made in the April 10 issue of Dairy News that its plans to turn around the co-op’s disastrous investment in Chinese baby food company Beingmate will be hampered by the return of the company’s founder.
In the article headed: ‘Chinese whispers in Beingmate boardroom’ Dairy News reported that Beingmate founder and cornerstone shareholder Sam Xie had decided, last month, to take over as chief executive of the company and his return – after a seven-year hiatus – is triggering a power struggle and rocking the board.
The article pointed out the relationship between Xie and Fonterra chief executive Theo Spierings remains frayed, hindering the two stakeholders in their efforts to plan amicably to salvage the company.
However, a Fonterra spokesman says Xie is not the chief executive of Beingmate Baby and Food so the observations about the impact this will have on Fonterra are completely without basis.
He says, in fact, that Xie has come back as chief executive of the parent company Beingmate and not Being Baby and Food – which is “an entirely separate company”.
“As such, the comments about Sam being back at the helm – and Fonterra struggling to have influence, or turn around the business as a result – are simply incorrect,” Fonterra claims.
A Chinese business leader says Chinese investors are unfairly viewed as potential security risks in New Zealand.
In the first of two articles focusing on electrification in New Zealand, Leo Argent talks with Mike Casey, operator of the 100% electric-operated Electric Cherries orchard and founder of advocacy group Rewiring Aotearoa.
A Foundation for Arable Research initiative which took a closer look at the efficiency of a key piece of machinery for arable farmers - their combine harvesters - has been recognised at the Primary Industry NZ Awards.
Prime Minister Christopher Luxon has reiterated New Zealand’s ‘China And’ policy, adding that it wasn’t about choosing one market over another but creating more options for exporters.
A long running trade dispute between New Zealand and Canada over dairy access has been resolved.
New Zealand Police is urging rural property owners to remain vigilant and ensure their property is secure.
OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its…
OPINION: An animal activist organisation is calling for an investigation into the use of dairy cows in sexuallly explicit content…