Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
Fonterra shareholders are being urged to vote in this year's board elections.
At least one new director will be elected to the co-op board this year and Fonterra Shareholders Council chair, Ian Brown, is urging farmers to take part in the poll and elect the best-qualified people to govern their business.
Six director candidates - Gray Baldwin, Leonie Guiney, David MacLeod, John Monaghan, Garry Reymer and Grant Rowan are vying for three seats at Fonterra's top-table, with voting closing at 10.30am on Monday, 10 November.
Brown says it is vital that shareholders take the responsibility to make an informed decision that benefits us now and the next generation of Fonterra farmers in years to come.
"This means electing to our board the candidates with the mix of governance skills, ability and experience that will enable Fonterra to continue to succeed in the global marketplace in which it operates."
"Fonterra Farmers are incredibly passionate about ensuring 100% supplying shareholder ownership and control of their co-op. Voting in the Fonterra elections is farmers' key control right and it is important that we not only exercise this right but do so in the best interests of all shareholders.
"With over 50% of total Fonterra votes held by shareholders who supply less than 200,000kgMS annually all farmers need to know that their vote counts."
Voting information
• Voting for the directors' and the Shareholders' Council elections closes at 10.30am on Monday, 10 November 2014 with the results announced later that day.
• Shareholders can vote by internet, fax or post, using the Single Transferable Vote system.
• Three seats on the Fonterra board will be contested.
• The director candidates are: Gray Baldwin, Leonie Guiney, David MacLeod, John Monaghan, Garry Reymer, and Grant Rowan.
• Four seats on the Shareholders' Council will be contested in wards: 2 Central Northland, 7 Piako, 14 Eastern Bay of Plenty and 22 Northern Manawatu.
Federated Farmers says almost 2000 farmers have signed a petition launched this month to urge the Government to step in and provide certainty while the badly broken resource consent system is fixed.
Zespri’s counter-seasonal Zespri Global Supply (ZGS) programme is underway with approximately 33 million trays, or 118,800 tonnes, expected this year from orchards throughout France, Italy, Greece, Korea, and Japan.
Animal owners can help protect life-saving antibiotics from resistant bacteria by keeping their animals healthy, says the New Zealand Veterinary Association.
According to analysis by the Meat Industry Association (MIA), New Zealand red meat exports reached $827 million in October, a 27% increase on the same period last year.
The black and white coat of Holstein- Friesian cows is globally recognised as a symbol of dairy farming and a defining trait of domestic cattle. But until recently, scientists didn’t know which genes were responsible for the Holstein’s spots.
According to the New Zealand Dairy Statistics 2024/25 report, New Zealand dairy farmers are achieving more with fewer cows.