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Fonterra Shareholders' Council chairman, Ian Brown, says farmers' take-up of the latest Fonterra Supply Offer shows they are beginning to take advantage of the flexibility Trading Among Farmers (TAF) offers them.
Twenty per cent of Farmers sold close to $600 million worth of the economic rights to their Wet Shares, Brown says.
"The first supply offer saw farmers exercise some understandable caution but with growing confidence in the new system farmers are now ready to use TAF as it was intended.
"The solid level of demand from shareholders to release some of the economic value of their shares shows they are using TAF to their benefit.
"Farmers are taking advantage of the greater flexibility it offers them in making decisions that impact the day-to-day running of their business.
"This also strengthens our cooperative as Fonterra is now able to make better use of our capital rather than, as the recent drought would have compelled it to, distribute it as farmers redeemed their shares."
A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
Waikato farmer, and Owl Farm demonstration manager, Jo Sheridan is the 2025 Fonterra Dairy Woman of the Year.
As part of preparing for a potential IPO in relation to the divestment process for its global Consumer business and integrated businesses Fonterra Oceania and Sri Lanka, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group board.
Fonterra says it takes the ongoing threat of 'adverse cyber action' extremely seriously.
Despite the turmoil in global markets, Fonterra is continuing with a dual track process to divest its multi-billion dollars consumer businesses.
Business Advisors and Accountants (BFA) and Craigs Investment Partners will be hosting an event later this month where they will take a deeper look at the practical and emotional side of succession planning.
Beef + Lamb New Zealand (B+LNZ) says the Government needs to close loopholes in the guidance around limits on carbon forestry as news of further whole-farm sales emerges.
Sales of premium brand Envy apples are booming in Taiwan.
Sheep milk powder and products exporter Maui Milk is partnering with one of China’s biggest dairy players to boost its market presence.
Ngai Tahu's legal action seeking self-determination (rangatiratanga) over fresh water could have huge implications for the future of farming, the viability of farming businesses, and our wider rural communities, says Federated Farmers national vice president Colin Hurst.
A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
