Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra is launching a new quality assurance and recognition scheme for its farmers.
The scheme, to be launched in the 2019-20 season starting June next year, will be branded; global customers and the New Zealand public will see the branding on Fonterra products.
Fonterra chairman John Monaghan told the co-op annual general meeting in Lichfield yesterday that the scheme will bring together existing milk quality, animal welfare and environmental requirements under a single programme.
While farmers with good management practices will be rewarded, those not meeting the minimum standard will incur demerit points.
From next week Farm Source team will be asking farmers about the types of recognition and rewards they would prefer under the proposed scheme.
The programme may include financial incentives for farmers, says Monaghan.
“Once that commercial value is better understood, we will decide whether to expand the programme to include financial incentives,” Monaghan says.
“Either way, there will still be demerits for the small minority of our farmers who do not meet our minimum standards from time to time.”
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.
Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.
AgriZeroNZ, a joint venture fast-tracking emissions reduction tools for farmers, is pouring $5 million in a biotech company to develop a low emissions farm pasture with increased productivity gains.
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Te Awamutu dairy farmers Doug, Penny, Josh and Bayley Storey have planted more than 25,000 native trees on the family farm, adding to a generations-old native forest.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.