Eroding share of milk worries Fonterra shareholders
Fonterra shareholders are concerned with a further decline in the co-op’s share of milk collected in New Zealand.
WAITAKI MP JACQUI Dean is pleased with the efforts of farmers around Otago in fencing waterways, as Fonterra announces that 20,000kms of waterways across the country now exclude stock.
"I'm really encouraged by these figures. Farmers acknowledge the importance of sustainable environmental practises and fencing waterways is a step in the right direction.
"As caretakers of the land, farmers know that they need to take good care of it.
"Whether it's more efficient irrigation systems, or improved effluent disposal, farmers are aware that water resources need to be better managed."
The Government is also investing heavily in research to tackle the environmental impacts of agriculture, focussing on cutting nutrient loss on-farm, improving effluent management and developing more efficient irrigation.
She says this includes over $100 million jointly invested in Primary Growth Partnership projects, along with research to lessen the environmental impacts of farming.
"It's an on-going battle, but one that we must put our best efforts into as we move to protect our environment, while promoting economic growth."
Fonterra’s board has been reduced to nine - comprising six farmer-elected and three appointed directors.
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Fonterra shareholders are concerned with a further decline in the co-op’s share of milk collected in New Zealand.
A governance group has been formed, following extensive sector consultation, to implement the recommendations from the Industry Working Group's (IWG) final report and is said to be forming a 'road map' for improving New Zealand's animal genetic gain system.
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