Fonterra investing $70m in new electrode boilers
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
Fonterra directors and shareholder councillors have strongly recommended farmers vote against a proposal to change the cooperative's capital structure.
Shareholder Murray Beach has successfully included a complex and detailed proposal to change the cooperative's shareholding rules; farmers will decide its fate at their annual meeting in Waitoa later this month.
Beach is also contesting the co-op's director elections. But his fate already seems sealed.
The ramifications of Beach's plan are profound. So in the meeting notice Fonterra's board has published a damning explanatory note: "The proposal is detailed but contains a number of inconsistencies and unworkable features."
The board says the proposal "would re-introduce redemption risk which was removed by the changes made to the constitution by shareholders as part of Trading Among Farmers".
"The proposal is also inconsistent with the current statutory framework provided for in the Dairy Industry Restructuring Act 2001. The re-introduction of redemption risk would undermine the company's financial strength which would impact [its] strong credit rating and its ability to secure debt funding on favourable terms."
It was again time to celebrate a successful year at Waikato's Westmorland Estate Limited.
Federated Farmers says the farming sector has been unable to effectively address quad bike safety.
A highly experienced agricultural scientist with specialist knowledge of the dairy sector is the Prime Minister's new Chief Science Advisor.
The 2025 Fonterra Dairy Woman of the Year, Jo Sheridan, has paid tribute to women who apart from their farming connections are making contributions to their local schools and communities.
Limping towards the end of the season is how Richard Walker describes the situation he's facing due to prolonged drought in coastal areas of Taranaki.
Auckland Federated Farmers want a national conference debate on whether New Zealand should withdraw from the Paris Agreement on Climate Change.
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