Tuesday, 26 January 2021 14:33

Online survey starts capital structure consultation

Written by  Sudesh Kissun
Fonterra chair Peter McBride. Fonterra chair Peter McBride.

Fonterra has started consulting its 10,000 farmer shareholders on potential changes to its capital structure.

In an email farmer shareholders co-op chairman Peter McBride has asked them to fill an online survey.

The short survey has nine questions including on whether farmers want the capital structure review.

Fonterra’s board and management have been looking at capital structure options.

McBride told farmer shareholders that it needs a capital structure to ensure it best supports the co-op strategy and long-term vision.

“We have spent the past few months reviewing potential options, including staying with our current structure,” he says.

“Every option has its own merits, but also involves some form of trade-off.”

McBride says the farmer feedback will be considered as part of the board’s decision-making process as it moves toward a preferred option.

More like this

Featured

Southland Farmers Face Wet Weather Toll, Support Available

Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.

How Wearable Tech Powers This 1,850-Cow Dairy Farm

For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.

National

Machinery & Products

» Latest Print Issues Online

Milking It

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter