At least 3.4 billion litres of water will be saved every year under new water targets Fonterra launched this month, the co-op says.
Sitting Fonterra directors Donna Smit and Andy Macfarlane have been announced as two of the four independently assessed candidates for the 2019 Fonterra board elections.
Fonterra's Trading Among Farmers (TAF) was a flawed proposition from the outset, says Agriculture Minister Damien O’Connor.
The Fonterra shareholders council announced last week that elections will take place in 10 of its 25 wards.
It seems other dairy processors in New Zealand and elsewhere are doing fine while Fonterra struggles to keep its head above water.
The time has come to reduce aspects of Fonterra’s regulatory burden, National’s Agriculture spokesperson Todd Muller says.
Politician Shane Jones says his position as Associate Minister of SOEs, including Landcorp (Pāmu), gives him the right to have a crack at the quality of Fonterra’s farmer governance.
Fonterra's biggest shareholder, ex-director Colin Armer, says it’s unbelievable the co-op’s directors and management have lost so much money.