Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
Two former Fonterra directors have been elected to the Cooperative Business New Zealand board.
Nicola Shadbolt and Greg Gent will join two others - Mike Brown of Marlborough Grape Growers Cooperative and Matthew Washington of Mitre 10 on the board.
Shadbolt has extensive governance experience and is an experienced advocate of the co-operative model.
A professor of farm and agri business management at Massey University, she is the current chair of Plant and Food Research Institute and a Climate Change Commissioner.
Gent, a Northland dairy farmer, joins with board with an extensive careeer in governance, spanning several decades across multiple sectors.
He is chairman of Southern Cross Health Society and is a past chair of Farmers' Mutual Group, past director of Fonterra, and works as a dairy farmer in Ruawai.
NZ Co-op Business chief executive Roz Henry says the combined experience of the new directors will be a great help to members.
"Their combined experience, knowledge and skills, covering a range of sectors and specialist knowledge will prove invaluable and greatly assist in pursuing the interest of our members, in particular working alongside our government and educators to support New Zealand member-owned business."
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.
OPINION: Voting is underway for Fonterra’s divestment proposal, with shareholders deciding whether or not sell its consumer brands business.
OPINION: Politicians and Wellington bureaucrats should take a leaf out of the book of Canterbury District Police Commander Superintendent Tony Hill.