New UHT plant construction starts
Construction is underway at Fonterra’s new UHT cream plant at Edendale, Southland following a groundbreaking ceremony recently.
Eleven candidates will contest three Fonterra board seats this year.
They are Blue Read, Donna Smit, Eric Ray, Grant Cochrane, Grant Rowan, Jacqueline Rowarth, Jan Marten Kingma, Lachie Cameron, Michael Spaans and the two incumbent directors John Wilson and Nicola Shadbolt.
As in previous years, the candidate assessment panel (CAP) process is available to independently assess the capabilities, experience and qualifications of any and all director candidates to help shareholders make informed votes. CAP is not compulsory for candidates.
The CAP results and candidate profiles will be mailed to Fonterra's eligible shareholders with voting papers on November 26 and will be displayed on Fencepost via www.fonterra.com.
Fonterra shareholders can meet candidates and ask questions at directors' election candidate meetings scheduled for December 3-7.
Shareholders can vote by internet, fax or post. Voting is by the single transferable vote method. Voting is open from 10.30am November 26 to 10.30am December 15.
Results will be announced at the annual meeting on December 17.
The Rabobank Rural Confidence Survey found farmers' expectations for their own business operations had also improved, with the net reading on this measure lifting to +37% from +19% previously.
Confidence is flowing back into the farming sector on the back of higher dairy and meat prices, easing interest rates and a more farmer-friendly regulatory environment.
Ham has edged out lamb to become Kiwis’ top choice for their Christmas tables this year.
Dairy Women’s Network (DWN) has announced real estate company Bayleys will be the naming partner for its 2025 conference.
As New Zealand enters the summer months, rural insurer FMG is reminding farmers and growers to take extra care with a new campaign.
Hato Hone St John is urging Kiwis to have a safe summer this year.
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