Federated Farmers hails rural banking report
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
The new Market Connections Fund is an excellent initiative to help New Zealand businesses build back their relations with overseas customers, says Federated Farmers.
"The dairy industry has some ground work to do after the fall out of Fonterra's recall of product," says Willy Leferink, Federated Farmers Dairy chairman.
"We know a number of dairy exporters have been affected by this. Many have had product stuck in ports, which is hardly their fault.
"Relationship building needs to be done face to face if it is going to mean anything and I know this is going to be a huge help to those who are serious about repairing the damage done.
"The New Zealand Trade Enterprise fund will reimburse 50% of travel costs for New Zealand based employees, which means that businesses' will have to put their hand into their own pocket. This will sort out those who mean business out from those who are looking for subsidised holiday.
"Dairy farmers know their products are first rate in the world, and that New Zealand is a world class safe producer of food, however this has been put to the test. We want our exporters to get out there and re-establish themselves and this is the helping hand they needed," says Leferink.
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.
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