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.
MyFarm director Grant Rowan is considering another tilt at the Fonterra board elections.
Rowan, who missed out last year, told Dairy News he was “seriously considering” standing again.
“I had a reasonable level of support last year; obviously it wasn’t enough to win a board seat and I’m hoping to do better,” he says. “I never made a secret of the fact that I had interest in standing again.”
The key issue he sees for Fonterra is demonstrating “the compelling long-term benefits that flow from remaining a strong and united cooperative”.
Rowan says Fonterra needs to lift its game – perform better and drive better returns to farmers.
He wants the co-op to reward farmers for their commitment. “Farmers understand the reasons to supply milk to and support the co-op; in turn Fonterra must have farmers’ best interests at heart.”
Rowan also wants Fonterra to improve its relationship with farmers.
If elected Rowan says he’ll bring a “commitment to the success of Fonterra and make it the dairy cooperative, milk processor and marketer of choice for all New Zealand dairy farmers”.
“We need to respond to a changing world where competition is increasingly tough. Fonterra board and management need to be on top of their game to deliver the results shareholders deserve.”
Three Fonterra directors -- chairman John Wilson, Blue Read and Nicola Shadbolt -- retire by rotation this year. All are expected to contest the election.
Nominations open next month; all candidates can take part in a roadshow to meet shareholders and answer questions. An assessment panel will interview candidates and present their report to shareholders before the vote.
Voting will take place until Fonterra’s annual meeting in late November; election results will be announced at the meeting.
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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