Fonterra chief executive Theo Spierings says since the co-op's formation in 2001, the board and farmer shareholders had made the tough decisions required to position it for growth.

The decisions made by farmer shareholders over the past decade have laid a strong, durable foundation for Fonterra's future growth and profitability, says the co-op's outgoing chairman Henry van der Heyden.

THE NOW-DEFUNCT 'clean streams accord' is to be replaced by a new one called the 'sustainable dairying water accord', promoted by the Dairy Companies Association of NZ (DCANZ), DairyNZ, Federated Farmers and others.

It has been another big and busy year for the agribusiness sector. Since this is the last newspaper for the 2012, Rural News' editorial team has done a quick review of the year and come up with its high and lowlights...

HORIZONS ONE Plan is the biggest potential constraint to the development of agriculture in Manawatu, according to a wide-ranging economic report on the subject.

Fonterra's outgoing chairman Henry van der Heyden has used his final speech as chairman to thank farmer shareholders for their support.

OUTGOING FONTERRA chairman Henry van der Heyden will be using the next five months as a director to help execute the co-op's strategy refresh.

The number of dairy cattle in New Zealand continues to surge, and is up by more than a million since 2007, Statistics New Zealand says. At 6.5 million, there are 1.2 million more dairy cattle in 2012 than in 2007.

A KEY Australian agricultural executive has warned if the Trans Pacific Partnership negotiations get bogged down in complications, they will advise their Government not to bother.

Fonterra chairman-elect John Wilson (pictured right) has been re-appointed for another three year term as a director of the co-op.

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