fbpx
Print this page
Friday, 25 May 2012 12:32

TAF path “a slippery slope”

Written by 

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

Fonterra's in good shape

Fonterra released its interim results last month, showing a continuation of the strong earnings performance delivered by the co-op through the 2023 financial year. Here’s what Fonterra chair Peter McBride and chief executive Miles Hurrell said about the results…

Featured

McIvor moving to OSPRI

Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.

Off the radar

A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media and politicians.

National

Well said at the shed

Less Wellington bureucracy and more local, on-farm common sense was the focus of recent meetings held in South Canterbury as…

Wool campaign making strides

A group set up to boost education and promotion of wool says it has made positive strides during the first…

Machinery & Products

Factory clocks up 60 years

There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally…

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.