Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
Fonterra chairman-elect John Wilson says the strong support for sitting directors is a support for the co-op's governance strategy.
Wilson, who was re-elected with director Nicola Shadbolt for another three-year term, says he is happy to be back.
With 11 candidates vying for the three board seats, Wilson said he never took anything for granted.
"All candidates were of high quality. The strong support for Nicola and I is a support for our governance strategy," he told Rural News online.
Wilson polled the highest number of votes followed by Shadbolt among the 11 candidates. New director Blue Read polled the third highest votes.
Read says he's happy to be back in a governance role. He served as chairman of Fonterra Shareholders Council.
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.

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