Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra chairman Peter McBride says the co-operative ended the 2021 financial year in a strong position on several fronts – financial results, strategy implementation and relationship with farmer owners.
Speaking at the co-op’s annual general meeting in Invercargill today, McBride noted that despite all of the disruption at home and in global markets, Fonterra performed well.
“This demonstrates the value of a New Zealand owned co-operative of scale,” he says.
“Fonterra’s scale gives us a level of optionality that is unique in New Zealand dairy.
“It enables us to manage risk and uncertainty on behalf of our kiwi farming families.
“We have benefited greatly from our ability to move your milk between the markets, categories and products that deliver the most value.”
The AGM is being held in-person and online because of Covid travel restrictions in Auckland.
Fonterra’s management team, including chief executive Miles Hurrell, are taking part virtually. Fonterra’s Auckland and Australia based directors are also attending virtually.
McBride noted that for many Fonterra team members, 2021 has been incredibly tough.
“Many of our international team are working away from home, or in densely populated cities where COVID is rife.
“I’d like to use this opportunity to say a thank you to all of our international team on behalf of us farmers.”
He says the hard work and commitment of Fonterra people was reflected in its key 2021 financial results:
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.