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.
Federated Farmers dairy chairman Andrew Hoggard says as shareholder of Fonterra he’s heard “didley squat” about the US cheese licence saga.
He’s also unimpressed by Fonterra’s “lack of contrition”.
Speaking as a shareholder of Fonterra and not in his capacity as a Fed Farmers board member, Hoggard says he and other farmers are disappointed and not amused at the “mistake”.
“Dairy farmers are facing all sorts of challenges right now including the drought and prospect of a low payout,” he told Dairy News.
“This is not what they want to hear. In the big scheme of things the loss is not big and won’t materially impact badly on farmers. But it’s a morale deflater, one of those things you don’t want to hear. You want to hear the co-op is making smart decisions and that everyone is on their game; you don’t want to see dumb little things like this happening.”
Hoggard says people in Fonterra are being paid some “serious money” to get these things right.
“Fonterra [might] have flicked an email out to shareholders saying ‘sorry we stuffed up; this is bad, forgive us and it won’t happen again’ but I haven’t seen anything and that doesn’t impress me.”
Hoggard says Fonterra’s mistake could result from recent restructuring.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.