Solid third quarter result for Fonterra
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
Ravensdown chair Bruce Wills has been returned unopposed as a North Island director for another three-year term.
Nominations closed on July 26 for candidates wanting to stand for the two available Ravensdown director positions – one in the North Island area and one in the South Island area.
As Wills was the only candidate nominated for the North Island area, there will be no election. However, five candidates were nominated for the South Island area where, incumbent director, Pete Moynihan is retiring after serving 11 years in office.
They are:
Voting packs will be posted to all South Island shareholders on August 23, 2024. Voting packs will include PIN details to enable shareholders vote to be cast online or by returning the printed voting form in a pre-paid envelope.
Voting will close at midday on 23 September.
Federated Farmers president Wayne Langford says the 2025 Fieldays has been one of more positive he has attended.
A fundraiser dinner held in conjunction with Fieldays raised over $300,000 for the Rural Support Trust.
Recent results from its 2024 financial year has seen global farm machinery player John Deere record a significant slump in the profits of its agricultural division over the last year, with a 64% drop in the last quarter of the year, compared to that of 2023.
An agribusiness, helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sector, has picked up a top innovation award at Fieldays.
The Fieldays Innovation Award winners have been announced with Auckland’s Ruminant Biotech taking out the Prototype Award.
Following twelve years of litigation, a conclusion could be in sight of Waikato’s controversial Plan Change 1 (PC1).