Survey shows most Fonterra farmers plan to use capital return for debt reduction
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
"Our Dairy Council has spent some time on Trading Among Farmers," says Willy Leferink, Federated Farmers Dairy chairperson.
"We've agreed to meet with Fonterra's Board in the next few weeks to go through points our council members have raised.
"Trading Among Farmers is a very big decision and will be a defining point in Fonterra's evolution," Leferink says.
