Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Coronavirus is forcing Fonterra to cancel its farmer shareholder meetings to discuss its interim results.
The co-op usually holds farmer meetings throughout the dairy belt to discuss results; instead, two webinars are being organised this week for farmers to hear from Fonterra leadership and ask questions.
Fonterra Shareholders Council chairman James Barron says restrictions caused by coronavirus means no shareholder meetings are taking place.
Councillors have also been encouraged to phone farmer shareholders rather than holding face-to-face meetings.
Fonterra farmers will get details on how to get on the webinars from their Farm Source reps.
Barron says the situation around coronavirus is changing constantly.
“Farmers, like everyone else, is bracing for uncertainty around coronavirus,” he says.
Fonterra chairman John Monaghan says coronavirus is now a global event.
He acknowledged the thousands of Kiwi businesses and communities doing it tough as a result of restrictions in place.
“These are unprecedented times, at least in my lifetime.”
The following rural/ farming events have now either been ‘postponed’ or cancelled due to the current COVID-19 situation:
• Agrifood week
• Central District field days
• International Agribusiness Summit
• NZ Shears
• All Beef and Lamb NZ events
• All regional NZ Dairy Industry Award events
• Mackenzie Easter Show
• Auckland Easter Show
• Dairy Women Network conference
• Irrigation NZ conference
• National Fieldays
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
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