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.
ASB has expanded its rural corporate business in the South Island with the appointment of two new rural corporate managers who both bring specialised regional knowledge to their roles.
Ray Parker has joined the ASB team and will be based in Dunedin. A qualified chartered accountant, Parker is former chief executive of Tasman Agriculture, which grew to become the world's largest pastoral dairy farm owning company with farms located in the South Island and Northwest Tasmania. Parker has also been employed by Fonterra Co-op Group as GM Shareholder Services and in 2002, developed his own businesses specialising in private investment and management consultancy work with a focus on NZ's commercial and rural sectors. Parker is looking forward to working with clients on the issues facing them and developing workable solutions that best fits their needs.
Andrew McGuckin has been appointed rural corporate manager. He will be based in Christchurch, having initially joined ASB Bank in Southland in November 2000 as a rural manager before returning to Christchurch to work with agri-businesses in the North Canterbury area. With a wealth of practical farming knowledge, McGuckin has developed his family's farming property in Waipara into a vineyard and is bringing his unique North Canterbury farming and rural banking experience to his clients in Canterbury and the upper South Island.
ASB's national manager for rural corporate Richard Hegan says, "In 2008, ASB was the first bank to establish a specialist rural corporate division specifically to look after the needs of both large scale and complex farming and agri-business customers. This division is resourced with the most experienced rural bankers and support teams to ensure the delivery of high quality outcomes for our customers. We are pleased to be increasing our commitment to rural businesses by increasing specialist staff with on-the-ground rural knowledge to provide unbeatable service and support to local agri-businesses and corporate farming operations."
The National Wild Goat Hunting Competition has removed 33,418 wild goats over the past three years.
New Zealand needs a new healthcare model to address rising rates of obesity in rural communities, with the current system leaving many patients unable to access effective treatment or long-term support, warn GPs.
Southland farmers are being urged to put safety first, following a spike in tip offs about risky handling of wind-damaged trees
Third-generation Ashburton dairy farmers TJ and Mark Stewart are no strangers to adapting and evolving.
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.

OPINION: Your old mate welcomes the proposed changes to local government but notes it drew responses that ranged from the reasonable…
OPINION: A press release from the oxygen thieves running the hot air symposium on climate change, known as COP30, grabbed your…