Print this page

Friday, 30 November 2012 14:57

TAF underway, share price up

Written by Pamela Tipa

font size decrease font size increase font size

Fonterra's TAF (trading among farmers) is underway.
And within minutes, the selling price of Fonterra share units rose 21% to $6.66.

Shareholder Philip van der Bijl rang a specially crafted bell to launch the share trading scheme at its new Darfield site at midday. About 100 farmers and Fonterra staff witnessed the launch.

Fonterra chairman John Wilson says it has taken time to launch TAF that will entrench 100% ownership and control.
"We have paced the introduction of changes that will give farmer shareholders more flexibility to maage their businesses and Fonterra shareholdings."

"We have taken our own time to reach this point in our history."

More like this

Fonterra unveils divestment plan

Fonterra unveils divestment plan

Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.

Lang is top cheesemaker, again!

Lang is top cheesemaker, again!

Fonterra Brands' Cathy Lang has been crowned the country's best cheesemaker for the second time in three years.

Fonterra appoints new CFO

Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.

Mars to help farmers reduce emissions

One of Fonterra’s global customers, Mars is launching an ambitious sustainable dairy plan to work with dairy farmers and cut emissions by 50%.

Fonterra cements position as the big cheese!

Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.

Popular Reads

Red meat exports slump, thanks to China

Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.

Penno's 25-year leadership role over

Troubled milk processor Synlait’s co-founder John Penno has stepped down from the board.

Meat co-op seeks capital from farmer shareholders

Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.

Meat co-op dilemma

Meat processor Alliance Group's cash-strapped farmer shareholders face a dilemma - either pour more money into the co-operative or risk…

Passion for farming delivers award

James and Debbie Stewart from Dairylands in Manawatu impressed judges and took out the 2024 Fonterra Responsible Dairying Award.

Featured

Purua's transformation capped with Ahuwhenua award

South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.

Feds make case for rural bank lending probe

Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.

A rollercoaster ride for Waikato dairy farmers

The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.

MPI job cuts 'won't disrupt organisational structure'

Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.

Scales purchases Bostock assets

Scales Corporation is acquiring a number of orchard assets from Bostock Group.

Ferdon sale tops $24,000

Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.

National

Canada's flagrant dishonesty

Deeply cynical and completely illogical. That's how Kimberly Crewther, the executive director of DCANZ is describing the Canadian government's flagrant…

Couple's Ahuwhenua win 57 years ago still tasting sweet

This week the winner of the prestigious Ahuwhenua Trophy for the top Māori Dairy farm will be announced at a gala…

OAD milking affects protein content

Once-a-day milking (OAD) can increase or lower the amounts of proteins in milk, according to a new study published in…

Bank helps clients reduce emissions

Rabobank says climate change creates both risks and opportunities for the bank and its clients and that the food and…

Regional leader award

Eastern Bay of Plenty farmer Rebecca O’Brien was named the 2024 Dairy Women’s Network (DWN) Regional Leader of the Year.

Machinery & Products

Feed pad with rubber matting hailed as game changer

For Otago farmers Michelle and Rogan Borrie, a newly constructed feed pad on one of their three farms has been…

Ploughs gone from CNH portfolio

CNH has sold its agricultural plough business, including the production facility in Sweden, along with the Overum brand name.

Landpower opens ag retail hub

Landpower recently opened its new agricultural retail hub in Yaldhurst, Christchurch.

Tractor, harvester IT comes of age

Over the last halfdecade, digital technology has appeared to be the “must-have” for tractor and machinery companies, who believe that…

Spot fertiliser applicator keeps costs in check

The Kverneland Pudama principle delivers spot placement of fertiliser in maize, rather than continuous fertiliser placement. As a result, it…