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 is thrilled that its partnership with the Southland District Council to improve management of the roading network has been nationally recognised.
At this week's 2016 LGNZ (Local Government New Zealand) Excellence Awards in Dunedin, Southland District Council won the Chorus Excellence Award for Best Practice in Infrastructure Management, for their programme "Changing Direction, The Way Forward for Southland's Roads".
The partnership uses smartphone technology onboard Fonterra's milk tankers to send road quality information to Southland District Council to gain deeper insights into the state of the district's roads and the pressures placed on them.
Fonterra staff at Edendale worked closely with Southland District Council to develop the programme which enables the Fonterra tanker fleet to effectively become the "eyes and ears" for the council.
"This is wonderful recognition for the council and the Fonterra team at Edendale," says Mark Robinson, Fonterra regional head for Otago/Southland.
"It shows what's possible when we take a partnership approach to issues facing our local communities."
Southland District has the largest rural roading network in New Zealand (about 5000 kms), nearly two thirds of which are gravel. Fonterra drivers know the network well – the company operates 60 tankers from its Edendale site, transporting milk from 1050 farms. Data from these daily journeys allows the council to make smarter spending decisions, and improve service to ensure safer journeys for Southland's road users.
Recent NZIER analysis shows that the dairy sector in Southland contributed $1.024 billion to the Southland economy in 2015/16.
"We know we're a big part of economic life in Southland, so we're proud to be able to apply our existing technology to innovation that benefits the whole community," says Mark Robinson.
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.