Former Fonterra Director Urges Bipartisan Support for India Free Trade Agreement
A former Fonterra director with farming interests in India says he's surprised with the political posturing over the Indian free trade agreement.
Milking It was surprised to read former Prime Minister Helen Clark’s comments about “a number of concerning aspects of Fonterra’s iconic dairy brands”.
In a social media post, Clark asked whether an investment programme was planned for the proceeds. “Or will there be just a one-off cash distribution to shareholders which could well end up being priced into the value of farmland?”
Dairy farmers have done it tough for the past few years with low milk price and soaring input costs. The $2/share capital return will help farmers reduce debt and catch up on maintenance work on farms.
And, by the way, how farmers spend this money is their call.
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