Friday, 30 November 2012 14:57

TAF underway, share price up

Written by Pamela Tipa

font size decrease font size increase font size
Print
Email

Fonterra's TAF (trading among farmers) is underway.
And within minutes, the selling price of Fonterra share units rose 21% to $6.66.

Shareholder Philip van der Bijl rang a specially crafted bell to launch the share trading scheme at its new Darfield site at midday. About 100 farmers and Fonterra staff witnessed the launch.

Fonterra chairman John Wilson says it has taken time to launch TAF that will entrench 100% ownership and control.
"We have paced the introduction of changes that will give farmer shareholders more flexibility to maage their businesses and Fonterra shareholdings."

"We have taken our own time to reach this point in our history."

More like this

Fonterra Announces Interim Leadership Changes Ahead of Richard Allen CEO Transition

Fonterra has announced interim changes to the leadership of its Global Ingredients business.

Expert Says Fonterra Backing Current Strategy With New CEO Appointment

The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.

Former Fonterra Director Urges Bipartisan Support for India Free Trade Agreement

A former Fonterra director with farming interests in India says he's surprised with the political posturing over the Indian free trade agreement.

Fonterra launches farmer-led youth dairy programme in Waikato and Bay of Plenty

A new farmer-led programme aimed at bringing young people into dairy farming is under way in Waikato and Bay of Plenty.

$10m Boost for Govt Coffers From Pāmu

State farmer Pāmu (Landcorp) has announced it will pay a $10 million special dividend to the Crown off the back of a strong outlook for the business and a capital repayment of $9.5 million following Fonterra's consumer business sale.

Featured

Forestry Companies Held Accountable After Coromandel Logging Truck Death

Two forestry companies have been sentenced for road failures that led to the death of Coromandel truck driver Greg Stevens.

Middle East Tensions Drive Volatility in Farm Input Prices and Supply Chains

The situation in the Middle East has been a major influence on markets over recent months and the market for key farm inputs continues to move at pace, with pricing and availability shifting quickly across several key products, according to a major stockfood seller.

Rural Women NZ Joins UN Complaint Over Pay Equity Law Changes in New Zealand

Rural Women New Zealand (RWNZ) has signed on to a formal complaint filed with the United Nations requesting an investigation into whether the government's changes to New Zealand's pay equity laws amounts to systemic discrimination against women.

Auckland Man Fined for Selling Illegally Slaughtered Pigs

An Auckland man has been fined $6,000 for offering to sell illegally slaughtered pigs.

Colyton School Student-Led Bike Track Earns Rural Funding

Rabobank launched its Good Deeds Competition back in 2017 with the aim of supporting and celebrating the incredible efforts of rural communities in enhancing their local areas.

NZ Companies Launch World’s First Wool-Based Colour for 3D Printing Filament

A collaboration between two New Zealand companies will see wool used as a renewable colour source for 3D printing.

National

Dairy Women’s Network Names 2026 Regional Leader Award Finalists

Ashleigh Gordon and Leilani Lobb have been named as the two finalists for Dairy Women's Network's (DWN) 2026 Regional Leader…

Farmers Face Change but Opportunity as Sector Evolves

New Zealand's food and fibre sector is entering a period of significant transition and Irricon's refreshed brand reflects how both…

Meat and Dairy Vital for Health and Hunger Solutions, Experts Say

The executive director of the Global Dairy Platform (GDP) Donald Moore says research being done at Massey University's Riddet Institute…

First-Farm Buyers Braden and Brigitte Barnes Secure Ownership with Award Support

Braden and Brigitte Barnes have taken the leap into farm ownership to purchase their first farm with support from the…

Fifth-Generation Farmer Transforms Dairy Farm into Biodiversity Hotspot

Fifth generation farmer Stu Muir believes dairy farming and conservation can go hand in glove.

Machinery & Products

Nissan NZ Launches MORE Ownership Programme with Extended Warranty

Nissan has announced that the Nissan MORE Ownership Program, available to New Zealand customers, is an initiative to deliver peace of…

Massey Ferguson Introduces High-Efficiency Small Square Baler

Massey Ferguson has announced the release of the SB.1436DB small square baler to New Zealand, featuring a unique layout producing…

Dairy Wearables Gain Value Through Integration with MINDA System

Wearable collars, ear tags and boluses are becoming increasingly common on Kiwi dairy farms.

SenseHub Dairy Launches Inline Milk Sensors for Real-Time Cow Data

Two inline milk sensors are now available on monthly subscription from SenseHub Dairy, adding milk yield and quality insights to…

Te Pari Launches Modular AB Race for Safer Dairy Breeding

With the artificial breeding season creating increased activity and the need to handle cattle safely and efficiently, a dedicated AB…

» Latest Print Issues Online

Visit archives

TAF underway, share price up

More like this

Fonterra Announces Interim Leadership Changes Ahead of Richard Allen CEO Transition

Expert Says Fonterra Backing Current Strategy With New CEO Appointment

Former Fonterra Director Urges Bipartisan Support for India Free Trade Agreement

Fonterra launches farmer-led youth dairy programme in Waikato and Bay of Plenty

$10m Boost for Govt Coffers From Pāmu

Popular Reads

Fonterra Announces Interim Leadership Changes Ahead of Richard Allen CEO Transition

$3B Urea Plant To Be Built In Southland

Local State of Emergency Declared in Waikato Ahead of Cyclone Vaianu

Cyclone Vaianu Brings Heavy Rain, Flooding Across NZ

$120m Tōrea Orchard Development to Produce 116 Million Apples in Mid-Canterbury

Featured

Forestry Companies Held Accountable After Coromandel Logging Truck Death

Middle East Tensions Drive Volatility in Farm Input Prices and Supply Chains

Rural Women NZ Joins UN Complaint Over Pay Equity Law Changes in New Zealand

Auckland Man Fined for Selling Illegally Slaughtered Pigs

Colyton School Student-Led Bike Track Earns Rural Funding

NZ Companies Launch World’s First Wool-Based Colour for 3D Printing Filament

National

Dairy Women’s Network Names 2026 Regional Leader Award Finalists

Farmers Face Change but Opportunity as Sector Evolves

Meat and Dairy Vital for Health and Hunger Solutions, Experts Say

First-Farm Buyers Braden and Brigitte Barnes Secure Ownership with Award Support

Fifth-Generation Farmer Transforms Dairy Farm into Biodiversity Hotspot

Machinery & Products

Nissan NZ Launches MORE Ownership Programme with Extended Warranty

Massey Ferguson Introduces High-Efficiency Small Square Baler

Dairy Wearables Gain Value Through Integration with MINDA System

SenseHub Dairy Launches Inline Milk Sensors for Real-Time Cow Data

Te Pari Launches Modular AB Race for Safer Dairy Breeding

» Latest Print Issues Online

Milking It

Too Lenient

Fossil Fuel Crusade

» eNewsletter

TAF underway, share price up

More like this

» Latest Print Issues Online

» Connect with Dairy News

» eNewsletter