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

Battle for milk

Battle for milk

OPINION: Fonterra may be on the verge of selling its consumer business in New Zealand, but the co-operative is not keen on giving any ground to its competitors in the country.

Fonterra confirms timeline for Lactalis deal and $2-per-share capital return

Fonterra confirms timeline for Lactalis deal and $2-per-share capital return

The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.

Fonterra expands butter production at Clandeboye with $75m investment

Fonterra is boosting its butter production capacity to meet growing demand.

Fonterra opens organic milk supply to South Island dairy farmers

South Island dairy farmers will soon be able to supply organic milk to Fonterra.

Two new awards open to help young farmers progress to farm ownership

Entries have opened for two awards in the New Zealand Dairy Industry Awards (NZDIA) programme, aimed at helping young farmers progress to farm ownership.

Popular Reads

Environment Canterbury urges buyers to check wastewater systems on rural properties

Buying or building a rural or semi-rural property? Make sure you know where the wastewater goes, says Environment Canterbury.

Formula goes sour

OPINION: Media reports say global recalls tied to cereulide toxin contamination in milk-based nutrition brands could inflict combined financial losses…

Fonterra confirms timeline for Lactalis deal and $2-per-share capital return

The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.

China’s new beef tariffs expected to favour New Zealand exporters

Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.

Southland enters status 2 water shortage amid dry conditions

While the North Island is inundated with rain, Southland is facing receding water levels as warm weather and lack of rainfall…

Featured

Super-premium wool contract delivers major boost for New Zealand growers

Keratin biomaterials company Keraplast and Wools of New Zealand have signed a new superpremium wool contract which is said to deliver a boost to wool growers.

NZ Red Meat Outlook 2026: Growth amid trade uncertainty

While things are looking positive for the red meat sector in 2026, volatility in global trade remains a concern, says the Meat Industry Association (MIA).

Massey University hosts conference on innovative catchment-level water solutions

The quest to find innovative practical, scientific solutions to deal with water-related issues at a catchment level has been the theme of an important conference at Massey University last week.

Top Māori farm faces costly rebuild after severe storm damage

One of the country's top Māori farms faces a long and costly rebuild to get the property back to where it was before recent storms ripped through it.

Global Dairy Trade prices surge, boosting New Zealand dairy farmers

The latest Global Dairy Trade auction results have delivered a boost to dairy farmers.

NZ potato growers focus on value creation amid market and climate challenges

New Zealand potato growers are prioritising value creation from high yields to meet a complex mix of challenges and opportunities, says Potatoes NZ chief executive Kate Trufitt.

National

Fonterra confirms timeline for Lactalis deal and $2-per-share capital return

The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.

Fonterra expands butter production at Clandeboye with $75m investment

Fonterra is boosting its butter production capacity to meet growing demand.

Upper North Island Storms: Limited impact on dairy farms

For the most part, dairy farmers in the Waikato, Bay of Plenty, Tairawhiti and the Manawatu appear to have not…

South Island dairy production lifts despite stormy summer, feed risks loom

South Island dairy production is up on last year despite an unusually wet, dull and stormy summer, says DairyNZ lower…

Ray Smith: Dairy still has growth potential despite flat export outlook

Ministry for Primary Industries (MPI) Director General Ray Smith believes there is potential for an increase in dairy farming in…

Machinery & Products

Stihl unveils centennial MS 500i chainsaw

Most rural properties wouldn’t be without a chainsaw, so it’s fitting to celebrate the centenary of Andreas Stihl inventing the…

New Deutz-Fahr 5105 boosts power for Kiwi livestock farms

With ROPS tractors still being consistently popular in livestock operations, given their ease of use for hopping on and off…

John Deere showcases 130hp E-Power electric tractor prototype at Agritechnica

Easily missed on its expansive Agritechnica site, John Deere offered visitors to the bi-annual event, the first opportunity in Europe to…

Exceed two-wheeled farm motorcycles enter NZ market

In a market already well supplied with agricultural spec’ two-wheeled motorcycles, a new arrival with an aggressive price point is sure…

Merlo Hypercompact Telehandler built for 3500kg towing

Given that most countries who favour the humble ute have maximum braked towing limits of 3500kg, those seeking to use mobile…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Battle for milk

OPINION: Fonterra may be on the verge of selling its consumer business in New Zealand, but the co-operative is not…

Birth woes

OPINION: What does the birth rate in China have to do with stock trading? Just ask a2 Milk Company.

» eNewsletter