Monday, 25 June 2012 13:47

Special board meeting on TAF

Written by 

Fonterra's board is holding a special meeting this afternoon to decide whether TAF (trading among farmers) will go ahead.

Votes cast at eight meeting venues around the country are now being counted. The meeting ended at 1.35pm.

Fonterra chairman Henry van der Heyden says he has convened a special board meeting this afternoon.

"Once the votes are counted and the results are out, the board will decide whether to proceed with TAF," he told the Hamilton meeting.

Van der Heyden says he will email shareholders on the board decision before holding a media conference.

He has asked for "a clear mandate" from shareholders.

Meanwhile Federated Farmers Dairy chairman Willy Leferink is urging shareholders to respect the board's decision.

"I urge shareholders to show respect to whatever decision the board makes this afternoon," he told farmers from the Ashburton meeting.

He thanks the Fonterra board for holding the second vote on TAF.

More like this

Misguided campaign

OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is polluting the environment.

Aussie farmers get A$8.60/kgMS as opening milk price

Australian dairy farmers supplying Fonterra are getting an opening weighted average milk price of A$8.60/kgMS for the new season or around NZ$9.26/kgMS -  NZ74c less than New Zealand suppliers, based on the current exchange rate.

Featured

DairyNZ project wins national award

A project reducing strains and sprains on farm has won the Innovation category in the New Zealand Workplace Health and Safety Awards 2025.

National

Machinery & Products

Farming smarter with technology

The National Fieldays is an annual fixture in the farming calendar: it draws in thousands of farmers, contractors, and industry…

RainWave set to cause a splash

Traditional spreading via tankers or umbilical systems have typically discharged effluent onto splash-plates, resulting in small droplet sizes, which in…

» Latest Print Issues Online

Milking It

Misguided campaign

OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is…

Fieldays goes urban

OPINION: Once upon a time the Fieldays were for real farmers, salt of the earth people who thrived on hard…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter