Tuesday, 23 November 2021 11:55

Anti co-operative?

Written by  Milking It

OPINION: Agriculture Minister Damien O’Connor has thrown a spanner in the works as far as Fonterra’s proposed capital structure is concerned.

He wants unspecified “alternative measures” otherwise Parliament won’t pass regulatory changes needed for the new structure to become effective.

O’Connor’s stance is going against the wishes of Fonterra’s 10,000 farmer shareholders, who have helped the board draft the capital structure proposal so that it remains 100% farmer owned and controlled.

But O’Connor was singing a different tune when Westland Milk, located on his home patch, was sold to a Chinese buyer two years ago.

He was unhappy with the co-op being offloaded to an overseas buyer and even wished Fonterra had bought the Hokitika-based business.

More like this

That Guy!

OPINION: Your old mate had a bit of a giggle at current Agriculture Minister Damien O'Connor's effusive praise of the primary sector, when releasing the latest MPI SOPI report late last year.

Hort heads for new heights

Pretty impressive - that's how Agriculture Minister Damien O'Connor describes MPI's latest prediction that horticulture exports will hit the record $7 billion mark in 2023.

National

Plan makes co-op competitive

Fonterra's proposed capital structure will allow the co-operative to compete with other processors based on its milk price and overall…

Elite herd offered online

An elite Southland Friesian herd is set to become the biggest single livestock offering sold online so far.

Machinery & Products

Solution for rowdy cattle

Having walked away with a Fieldays Innovation Award and a useful cheque back in June, Springarm Products has recently signed…

Next generation swathers

Claas' latest generation of seven, dual-rotor central LINER swathers are said to offer numerous innovative features and functions to ensure…

Below ground fert server

Bavarian fertiliser spreader manufacturer Rauch is testing a prototype unit for depositing fertiliser in row crops to depths of 10…

Press screw separator

Probably best known for its chopping units that form an integral part of many manufacturers’ umbilical effluent spreading and injection…

Hydrogen power to cut emissions

While the automobile industry heads full tilt down the electrification route, heavier industries such as trucking and construction appear to…

» Latest Print Issues Online

Milking It

Seaweed saviour

OPINION: Scientists in Ireland are going underwater to solve their dairy sector’s methane conundrum.

Due recognition

OPINION: National's new leader Christopher Luxon’s first speech after his elevation to the top job included one important line about…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter