Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
The scholarships, for courses based at the Wairarapa-based Taratahi Agricultural Training Centre, are designed to eliminate the financial barriers that young Maori can face when considering training for a career in the farming industry.
Anthony Ririnui, ASB national manager Maori banking services, says ASB acknowledges the growing focus on building Māori capability in the farming sector. "We are pleased to be working with the Poutama Trust to provide an education avenue for young Maori who are interested in being part of the future of farming," he says.
Richard Jones, chief executive Poutama Trust, says an estimated $6 billion of land based assets managed and owned by Maori is significant to New Zealand's agriculture industry. "We are thrilled to be working with ASB to help build a tangible pathway into farming for the young Māori who will one day be the future of this industry," he says.
In 2012 ASB committed to the growth of Maori businesses by signing an accord with Poutama Trust, an independent, apolitical and pan-iwi charitable trust dedicated to the development of Maori businesses nationwide and internationally.
The Taratahi Agricultural Training Centre is the country's biggest agricultural training centre and offers a wide range of practically-based farming courses.
