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.
A number of farmers were forced to dump milk, says Farm Source regional head Charles Fergusson.
The feedback from Fonterra suppliers was that the flooding brought a "really tough" situation for some but others were surprised their farms fared as well as they did, he said.
Worst affected were farms along the Ashburton River.
"We had some challenges earlier on farms on North Canterbury as well, so we had farmers evacuated out of their houses up on Sunday night.
"There were a number of farms out there who we asked to dispose of milk. One of the reasons is that we just weren't happy sending tankers out in those conditions with uncertainty over roads and also the state of the tanker tracks."
Fonterra also had to briefly evacuate the Clandeboye factory when a local creek burst its banks.
Fergusson said a lot of farmers would have wanted to push the season further but they dried off early to beat the weather.
However, Fonterra had a couple of hundred suppliers still milking as well as 60 to 100 true winter milkers.
"I think we our transport team do an incredible job as long as they've got a route to factory so we are working quite closely with the authorities regarding roading to see if we are able to get around."
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.