Cut with care
OPINION: The new government has clearly signalled big cuts across the public service.
Fonterra farmers can now apply for Fonterra Cooperative Support, a loan to help them deal with the current challenging conditions, says chair John Wilson.
The Fonterra Cooperative Support ‘loan’ to be made available to shared-up farmers shows the co-op is optimistic prices will come back, Fonterra chairman John Wilson says.
Fonterra is set to cut hundreds of jobs from head office as it undergoes a major review of operations.
Fonterra chairman John Wilson says farmers are rightly disappointed with its half-year results, with some threatening at recent farmer meetings to leave the co-op.
Fallout from the 2013 false botulism scare and poor yoghurt sales continue to haunt Fonterra’s Australian business.
Fonterra's earnings per share dividend forecast was lifted from 45c to 55c in January and will be updated in March in the half year results, says chairman John Wilson.
The Global Dairy Trade will still have “to travel a lot of distance” to sustain Fonterra’s current farmgate milk price of $4.70/kgMS, Fonterra’s chairman John Wilson says.
OPINION: The new government has clearly signalled big cuts across the public service.
OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…