Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
FONTERRA'S ICONIC Te Rapa site in Hamilton hosted 5000 people during a community day on Saturday.
Local farmers, neighbours, staff and families from around the Waikato were invited to meet the Te Rapa team, taste-test products coming out of Te Rapa and get a behind-the-scenes look at the processing facilities.
Fonterra Te Rapa operations manager Scott Nelson says the community open day was a significant milestone for the site and an opportunity to share Fonterra's pride for Te Rapa with the community.
"We often talk about volume, velocity and value, and Te Rapa is a great example of these three principles at work. Day and night the team work hard to ensure that we are delivering the finest products for our consumers and we are very proud of what we do."
Eight million litres of milk flow through Te Rapa daily – that's 300 tankers of milk coming out of one of the country's strongest dairying regions and turned into 325,000 tonnes of product each year for customers in more than 100 markets around the world.
Nelson says Te Rapa's success comes from decades of support from the surrounding community.
"No matter the background, almost everyone in the Waikato has a connection to our site in some way or another – many through family or friends who work at the site, as Fonterra farmers who supply our milk, and as customers using our ingredients to make their products.
"It's the support of these communities that allows us to continue making some of the world's most sought after and trusted products."
Those who visited the site are encouraged to share their photos and experiences from the day on social media via Fonterra Co-operative's Facebook page with the hash tags: #fonterra #openday.
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.
OPINION: Voting is underway for Fonterra’s divestment proposal, with shareholders deciding whether or not sell its consumer brands business.
OPINION: Politicians and Wellington bureaucrats should take a leaf out of the book of Canterbury District Police Commander Superintendent Tony Hill.