Tuesday, 04 September 2018 08:55

Dairy critics in it for the money?

Written by  Sudesh Kissun
What are the real motives behind critics of Fonterra? What are the real motives behind critics of Fonterra?

Former Fonterra director Mark Townsend believes people need to be more wary about the real motives behind critics of the dairy co-op.

He concedes that Fonterra cops its share of criticism – some deserved and some over the top.

Referring to the attack on Fonterra leadership by NZ First Minister Shane Jones, Townshend says the “bizarre outburst will have been fuelled from somewhere”.

“And it will be worth watching who funds political parties (donations) and what they might like to see for their own self-interest as Government legislators do the DIRA review,” he told Rural News.

Townshend says non-supplying Fonterra unit holders receiving disappointing returns on investments have “a genuine grievance”.

However, he is disappointed at criticism from Fonterra shareholders and ex-Fonterra employees.

Townsend says Fonterra farmers need to be able to make their own assessments around how well the co-op is doing in paying its farmers a globally competitive milk price – rather than being overly influenced by outside parties with their own vested interests.

 

More like this

Asia next dairy goldmine

OPINION: Asia is the ‘hot zone’ for dairy and will be the next dairy goldmine, especially the markets in China, India and some South-East Asian countries.

Going hand-in-hand to sustain good business

Economic and social sustainability must go hand-in-hand with environmental sustainability, says the only farmer member of the recently named Fonterra sustainability advisory panel.

 
 

» Latest Print Issues Online

The Hound

New career?

The Hound reckons former agriculture minister and speaker of the House David Carter is heeding calls for him to get…

One law for all?

The Hound would like to know why Greenpeace activists who break the law never get punished.

 
 

» Connect with Rural News