Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
WITH ONLY a few days until voting closes in Fonterra’s director and council elections, farmers are being urged to vote.
Fonterra Shareholders Council chairman, Simon Couper is concerned over the level of voting. He says it’s time for shareholders to ensure the directors and councillors they want to represent their interests are supported by getting out and voting in numbers.
“There has been a lot of talk in recent times about ownership and control of our co-op. Voting for our directors is our ultimate control right yet participation in director elections continues to fall,” he says.
This year’s director and council elections are one of the biggest in the 10 year history of the cooperative. Despite this we have, to date, one of the lowest voter turnouts ever, says Couper.
“We want to maintain ownership and control of ourco-op; therefore we must take responsibility and provide the mandate for our directors to run it.
“I urge all farmers to demonstrate your rights and have your say in the future of Fonterra.”
Voting closes at 10.30am on Tuesday, November 15 and results will be announced later that day.
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.