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.
The training course, run in conjunction with Taratahi Agricultural Training Centre, has seen the farmers study animal handling, milking and nutrition during their time here, spending nine weeks in Masterton and one week at Massey University.
Fonterra vice-president of International Farming Ventures Peter Moore says the initiative was designed to educate the farmers so that they can improve farming practices at home and to allow Fonterra to build greater relationships across Indonesia.
"Our brands have been in Indonesia for over 30 years and it is an important export market for Fonterra. The programme has been a great initiative that has allowed us to strengthen our key relationships and build Fonterra's reputation in local communities which is essential for our success in the country," Moore says.
The farmers travel back to Indonesia on Saturday after spending the week with Fonterra visiting Te Rapa, the Fonterra Hamilton offices and the Tip Top factory in Auckland.
