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.
Fonterra chairman-elect John Wilson (pictured right) has been re-appointed for another three year term as a director of the co-op.
Another sitting director Nicola Shadbolt has also been re-elected. Former Fonterra Shareholders Council chairman Blue Read is the new director, replacing Colin Armer who resigned after missing out on the chairmanship.
The results will be officially announced at Fonterra's annual meeting in Hamilton today.
Farmers have begun arriving for the meeting at Mystery Creek. Events Centre.
The meeting will farewell Henry van der Heyden who steps down as chairman after 10 years at the helm.
Stay tuned to Rural News website for meeting updates throughout the day.
Lincoln University Dairy Farm will be tweaking some management practices after an animal welfare complaint laid in mid-August, despite the Ministry for Primary Industries (MPI) investigation into the complaint finding no cause for action.
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
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.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.