Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO
Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.
Feds chief executive Graham Smith (pictured) said Kerr's actions were "a direct threat to the very fabric of society".
Dairy industry leaders have welcomed the successful prosecution of a businessman who threatened to spike infant formula with 1080.
Jeremy Kerr, the owner of another pest-control product, Feratox, mixed highly concentrated 1080 with baby milk formula and posted them to Fonterra and to Federated Farmers. Included in the package was a letter demanding the country stop using 1080 or he would release poisoned infant milk powder into the Chinese market
and one unspecified market.
He was jailed last week for eight and a half years by Justice Geoffrey Venning, who said the potential impact of his actions on New Zealand's trade relationship with China and others was "extremely serious".
The threat is believed to have cost Fonterra nearly $20 million and cost Federated Farmers nearly $100,000.
In his victim impact statement, Feds chief executive Graham Smith said Kerr's actions were "a direct threat to the very fabric of society".
The threat could have led to an international ban on NZ food products, he says.
"The 1080 threat had the potential to devastate our ability to successfully operate within these markets and would have cost the country billions of dollars. Customers would have stopped buying and using our products due to their immediate safety concerns."
There was a potential threat to all sectors of society, given NZ's reliance on primary industries, Smith says.
Fonterra chairman John Wilson said Kerr's actions were deplorable and had a huge impact on the cooperative and other food firms.
Fonterra's Maury Leyland says the threat had a big impact on Fonterra and it staff.
"It's hard to imagine a worse threat to children and families, or to the viability of our co-operative, the wider dairy industry and our country," said Leyland, who is Fonterra's outgoing managing director of people, culture and safety.
The closure of the McCain processing plant and the recent announcement of 300 job losses at Wattie’s underscore the mounting pressure facing New Zealand’s manufacturing sector, Buy NZ Made says.
Specialist agriculture lender Oxbury has entered the New Zealand market, offering livestock finance to farmers.
New research suggests Aotearoa New Zealand farmers are broadly matching phosphorus fertiliser use to the needs of their soils, helping maintain relatively stable nutrient levels across the country’s agricultural land.
Helensville farmers, Donald and Kirsten Watson of Moreland Pastoral, have been named the Auckland Regional Supreme Winners at the Ballance Farm Environment Awards.
Marc and Megan Lalich were named 2026 Share Farmers of the Year at last night's Canterbury/North Otago Dairy Industry Awards.
William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.
OPINION: The good news keeps getting better for NZ dairy farmers.
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