Make it 1000%!
OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of 125% on the US, up from the 84% announced earlier.
Australian Clinton Dines will take up the board position made vacant by Sir Ralph Norris on November 25 at the annual meeting.
Chairman John Wilson says world-class governance is one of the board's top priorities, and the co-op needs directors with a broad range of talent and depth of business experience.
"The board welcomes Mr Dines, an Australian, who has outstanding business and governance credentials."
Dine has experience in China, having lived and worked there for 36 years. He took up a role as a senior executive for BHP Billiton in 1988, his tenure lasted 21 years and saw him become president of the company.
"His expertise in managing the complexities of a large global commodity business, and leading organisations through change and growth make him ideally qualified to join Fonterra's Board," says Wilson.
"Mr Dines is well versed in managing the impacts of global commodity price fluctuations. Fourteen years of his time at BHP in China were in a buyers' market where the prices were low, while the last seven years were in a boom market."
Dines currently serves on the boards of KAZ Minerals and Zanaga Iron Ore. These are significant businesses listed on the London Stock Exchange and AIM. In addition, he is a non-executive director of Aurecon, a professional services engineering group, North Queensland Airports, and Griffith University.
The independent directors of the manager of the Fonterra Shareholders' Fund support Dines' appointment.
Recent rain has offered respite for some from the ongoing drought.
New Zealand's TBfree programme has made great progress in reducing the impact of the disease on livestock herds, but there’s still a long way to go, according to Beef+Lamb NZ.
With much of the North Island experiencing drought this summer and climate change projected to bring drier and hotter conditions, securing New Zealand’s freshwater resilience is vital, according to state-owned GNS Science.
OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.
For Wonky Box co-founder Angus Simms, the decision to open the service to those in rural areas is a personal one.
The golden age of orcharding in West Auckland was recently celebrated at the launch of a book which tells the story of its rise, then retreat in the face of industry change and urban expansion.
OPINION: Should Greenpeace be stripped of their charitable status? Farmers say yes.
OPINION: After years of financial turmoil, Canterbury milk processor Synlait is now back in business.