Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Three agribusiness leaders, with over 70 years’ combined service to co-operatives, were recognised at last night’s Cooperative Business NZ awards.
Former Fonterra chairman John Monaghan, who stepped down from the co-op this month, academic Nicola Shadbolt, who served as a Fonterra director for nine years and Lachie Johnstone, who served as the inaugural chairman of Farmlands Co-operative, received awards.
Co-operative Business New Zealand chief executive Roz Henry says the Outstanding Co-operative Contribution Award recognises individuals who have contributed significantly to the success of the sector over the long-term.
Johnstone was chairman of the North Island-based Farmlands Trading Society when it merged with the South Island-based CRT Co-operative in 2013.
Henry says Johnstone has been a champion for the co-operative model.
“He is someone who has upheld the co-operative principles and this was particularly evident during the formation of Farmlands, when he was truly focused on ensuring the new co-operative was based on the core values of the model and that the structure would provide a livelihood for members. “He has also been a key advocator in ensuring the development of governance skills and capability across the sector.”
Shadbolt, a Massey University, is a staunch advocate for the co-operative model.
Henry says she is a trailblazer who has worked incredibly hard to achieve long-term, sustainable change.
“For Cooperative Business New Zealand, she played a key role in enabling the first piece of research to be undertaken by Massey University to gain clarity around the value of the Co-operative Economy to New Zealand.
“This work was incredibly important to the sector and has been a cornerstone in enabling discussions with the Government and regulators.”
Monaghan was nominated for the award by a group of Fonterra shareholders without his knowledge.
“John is to be admired for his determination and commitment to lead Fonterra through a significant period of transition,” says Henry.
“It was a hefty responsibility and seeing the co-operative return to a position of profitability is a fantastic way to complete his tenure.”
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.