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.
Feds chief executive Graham Smith (pictured) said Kerr's actions were "a direct threat to the very fabric of society".
Dairy industry leaders have welcomed the successful prosecution of a businessman who threatened to spike infant formula with 1080.
Jeremy Kerr, the owner of another pest-control product, Feratox, mixed highly concentrated 1080 with baby milk formula and posted them to Fonterra and to Federated Farmers. Included in the package was a letter demanding the country stop using 1080 or he would release poisoned infant milk powder into the Chinese market
and one unspecified market.
He was jailed last week for eight and a half years by Justice Geoffrey Venning, who said the potential impact of his actions on New Zealand's trade relationship with China and others was "extremely serious".
The threat is believed to have cost Fonterra nearly $20 million and cost Federated Farmers nearly $100,000.
In his victim impact statement, Feds chief executive Graham Smith said Kerr's actions were "a direct threat to the very fabric of society".
The threat could have led to an international ban on NZ food products, he says.
"The 1080 threat had the potential to devastate our ability to successfully operate within these markets and would have cost the country billions of dollars. Customers would have stopped buying and using our products due to their immediate safety concerns."
There was a potential threat to all sectors of society, given NZ's reliance on primary industries, Smith says.
Fonterra chairman John Wilson said Kerr's actions were deplorable and had a huge impact on the cooperative and other food firms.
Fonterra's Maury Leyland says the threat had a big impact on Fonterra and it staff.
"It's hard to imagine a worse threat to children and families, or to the viability of our co-operative, the wider dairy industry and our country," said Leyland, who is Fonterra's outgoing managing director of people, culture and safety.
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.
Thirty years ago, as a young sharemilker, former Waikato farmer Snow Chubb realised he was bucking a trend when he started planting trees to provide shade for his cows, but he knew the animals would appreciate what he was doing.
Virtual fencing and herding systems supplier, Halter is welcoming a decision by the Victorian Government to allow farmers in the state to use the technology.
DairyNZ’s latest Econ Tracker update shows most farms will still finish the season in a positive position, although the gap has narrowed compared with early season expectations.
New Zealand’s national lamb crop for the 2025–26 season is estimated at 19.66 million head, a lift of one percent (or 188,000 more lambs) on last season, according to Beef + Lamb New Zealand’s (B+LNZ) latest Lamb Crop report.