Fonterra capital return could boost GDP – ANZ Report
The Fonterra divestment capital return should provide “a tailwind to GDP growth” next year, according to a new ANZ NZ report, but it’s not “manna from heaven” for the economy.
It will sponsor the financial and business merit awards in the share farmer and dairy manager categories in four regions - Southland/Otago, Canterbury/North Otago, Waikato and Taranaki.
A representative from the bank will also judge the National Share Farmer of the Year category.
NZDIA general manager Robin Congdon says the bank is looking forward to working closely with the Awards team.
Lorraine Mapu, ANZ managing director for business, says celebrating success and best practice in our dairy industry is vitally important.
"New Zealand farmers are some of the best in the world and for many, it's not just a business. It's about generations of family commitment to an area, and way of life.
"Celebrating and supporting strong sustainable businesses is not only good for the industry, it's good for our customers, good for us, and good for New Zealand's future as a leading producer of world-class goods," Mapu says.
The New Zealand Dairy Industry Awards are supported by national sponsors DeLaval, Ecolab, Federated Farmers, Fonterra, Honda, LIC, MediaWorks, Meridian Energy, and Ravensdown, alond with industry partner DairyNZ.
Entries for the 2022 competition closed last week. National winners will be announced at a dinner in Christchurch on May 14.
