Fonterra Whareroa sets cheese record, wins top award
Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.
Fonterra’s disastrous financial result is trending on social media today, with former chief executive Theo Spierings' pay a focal point.
Much of the criticism and shock on Twitter have been directed towards the revelation that former chief executive Theo Spierings took home $8 million in salary and bonuses — for the second year in a row.
Dave Macpherson, Hamilton describes the pay as “a rip-off”.
“Dutch Fonterra boss gets $8.1m as he leaves on the back of Fonterra’s $196m annual loss,” he tweeted.
Paul Brislen replied that he could “efficiently lose $200m for the company and I’ll do it for half!”
Sharemilker Melissa Slattery thinks there’s something wrong with the long-term incentive pay at the co-op.
“What is Fonterra doing to stop repeat for management pay?
“Grinds my gears why is CFO at the time of making those decisions still employed by Fonterra.”
Former Agriculture Minister and opposition agriculture spokesman Nathan Guy also had his say on Fonterra’s poor results.
He tweeted that the results are very disappointing.
“The board and management will need to explain the ‘why’ & importantly what’s the go forward plan?.
“Farmers do the hard yards producing the milk & must see big improvements in performance. Regional NZ and the economy relies on a strong Fonterra.”
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.
OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.