Data sharing initiative wins national award for saving farmers time
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
Fonterra has confirmed it is considering selling the nation’s beloved ice cream brand, Tip Top.
Fonterra this morning released information on its portfolio review, revealing as predicted that Tip Top could go up for sale.
Commenting on the board-led review, chairman John Monaghan says there is a lot of action and progress but it will take time to flow through into financial results.
He says that while Tip Top is performing well, it is the co-op’s only ice cream business and it has reached full maturity as an investment. Monaghan says to take it to its next phase successfully will require a level of investment beyond what they are willing to make.
Fonterra has appointed FNZC as an external advisor to work with the co-op as it considers “a range of options”.
“We want to see Tip Top remain a New Zealand based business and this is being factored into our options,” says Monaghan.
“We are still some months off from completing the full portfolio review of assets, investments and partnerships. We are moving quickly to meet our commitment to reducing our debt levels by $800 million by the end of the financial year. This requires both improved performance from last year and the divestment of assets.”
Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.