US remains important market - Fonterra
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
More than 3000 Fonterra farmers were consulted during the co-op's governance and representation review, says chairman John Wilson.
Wilson says over 400 meetings were held around the dairying regions; the last shed meeting was held this week.
Wilson told about 150 shareholders at Fonterra's special meeting today that the quality of feedback at these meeting was "excellent".
"Your feedback and ideas helped us make changes to the original proposal, he says.
Wilson says there's no "off the shelf" solution to the co-op's governance and representation.
He says the proposal asks farmers to make significant changes to take the co-op forward.
A global trade war beckons, which is bad news for a small open economy like New Zealand, warns Mark Smith ASB senior economist.
Carterton's Awakare Farm has long stood as a place where family, tradition and innovation intersect.
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
Trade and Agriculture Minister Todd McClay says New Zealand's trade interests are best served in a world where trade flows freely.
New Zealand's red meat sector says it is disappointed by the United States' decision to impose tariffs on New Zealand exports.
OPINION: Farmers nationwide will be rubbing their hands with glee at the latest news from the Government about the RMA reforms.