Friday, 25 May 2012 12:32

TAF path “a slippery slope”

Written by Sudesh Kissun

font size decrease font size increase font size
Print
Email

Former Fonterra Shareholders Council chairman Simon Couper says the Trading Among Farmers (TAF) model is unable to deliver 100% farmer ownership and control.

Couper, who resigned yesterday, says it has always been a strong principle of his that the ownership and control of the co-op must be protected.

"TAF theoretically provides a unique opportunity for our co-op but absolutely must have complete safeguards around ownership and control"

While the board and council have made some progress he was convinced there were factors that needed to be in place to protect the co-op, he says.

"Fund size was key in my decision and a threshold of anything over 15% puts the co-op at risk"

He says farmers must realise TAF "will put us on a path that has the potential to become a slippery slope".

"I've always held to my integrity. I accept that a majority of council maybe happy with the proposed model but I couldn't lead an organisation where I had such a big fundamental difference on such a big issue"

More like this

Make the right decision, Peters urges Fonterra farmers

New Zealand First leader and Foreign Minister Winston Peters is ratcheting up pressure on Fonterra farmers as they vote on divesting the co-operative’s consumer and related businesses.

Divestment means Fonterra can focus on its strengths

OPINION: Fonterra's board has certainly presented us, as shareholders, with a major issue to consider.

Fonterra vote

OPINION: Voting is underway for Fonterra’s divestment proposal, with shareholders deciding whether or not sell its consumer brands business.

Fonterra to boost UHT cream production with $150m plant

With Fonterra's UHT plant at its Edendale site less than a year from completion, demand continues to grow for products the plant will produce, such as Anchor Whipping Cream.

Winston Peters questions Fonterra divestment plan

Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.

Featured

2026 Meat Industry Association scholarship applications open

Applications have now opened for the 2026 Meat Industry Association scholarships.

Bank of New Zealand launches First Farm initiative

Bank of New Zealand (BNZ) says it is backing aspiring dairy farmers through a new initiative designed to make the first step to farm ownership or sharemilking easier.

Editorial: Credit where it's due

OPINION: While farmers are busy and diligently doing their best to deal with unwanted gasses, the opponents of farming - namely the Greens and their mates - are busy polluting the atmosphere with tirades of hot air about what farmers supposedly aren't doing.

Methane emission target reset

OPINION: For close to eight years now, I have found myself talking about methane quite a lot.

Royal A&P Show Returns to Canterbury: Record livestock entries and renewed prestige

The Royal A&P Show of New Zealand, hosted by the Canterbury A&P Association, is back next month, bigger and better after the uncertainty of last year.

Farmers Lead Sustainability Push: Woodchip bioreactor cuts nitrate runoff in Manawatu

Claims that farmers are polluters of waterways and aquifers and 'don't care' still ring out from environmental groups and individuals. The phrase 'dirty dairying' continues to surface from time to time. But as reporter Peter Burke points out, quite the opposite is the case. He says, quietly and behind the scenes, farmers are embracing new ideas and technologies to make their farms sustainable, resilient, environmentally friendly and profitable.