Tuesday, 03 August 2021 13:41

Capital structure woes

Written by Milking It

font size decrease font size increase font size
Print
Email

OPINION: It seems Fonterra's revised preferred option for its new capital structure has fallen short of farmer expectations.

Judging by the performance of Fonterra's share price on the New Zealand Stock Exchange, farmers are still offloading their shares for fear of the prices crashing under a farmers-only trading market.

Since the revised preferred option was unveiled on July 19, the share price has dropped 40c to $3/share.

The share price touched an all-time low of $2.88 six weeks ago and was heading into the same territory last week.

More like this

Floating Farm Sinks

Floating Farm Sinks

OPINION: The world's first floating dairy farm, once hailed as a vision of farming's future, is up for sale after seven years.

Make It Up!

Make It Up!

PM Chris Luxon can't seem to buy a trick when it comes to the polls, particularly for his own approval rating as preferred Prime Minister.

Why 'Fork to Farm' Beats Farm to Fork, Expert Says

In the past, much has been made of the concept of farm to fork, but an Australian expert in food science and marketing with experience in the dairy industry, Dr Angeline Achariya, says the reverse of this slogan is critical to win modern day consumers.

Four-Year Trial Confirms Plantain Cuts N Losses 33%

A four year trial has reaffirmed that mixing plantain into dairy pastures can help reduce nitrogen losses to freshwater while maintaining milk production and profitability, say researchers.

Fonterra Opens Upgraded Chengdu Application Centre

Fonterra has opened its upgraded Chengdu Application Centre, bringing New Zealand dairy expertise closer to customers in one of China's fastest-growing regions.

Popular Reads

How a Scholarship Helped Build a 1400-Cow Taranaki Farm

On a farm in Tikorangi, North Taranaki, Brent Stevenson is sharemilking 1,400 cows.

NZ Confirmed as World's Largest Single-Country Dairy Exporter in 2026 Report

A team effort that is paying dividends for the wider New Zealand economy.

South Waikato Farmer Cuts Nitrogen With Soil Biology Trial

South Waikato farmer Bas Nelis is always interested in fine-tuning his business to improve results.

Krone Enters Merger Market With First Belt Model, the Swativo T1040 Pro

Already known for its extensive range of mowers, tedders and swathers, German manufacture Krone looks to be joining the trend…

Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS

A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the…

Featured

Ballance Urges Farmers to Plan Ahead for El Niño

With forecasters advising El Niño conditions will develop through winter and strengthen into spring and summer, Ballance Agri-Nutrients is encouraging farmers and growers to think ahead about nutrient planning and be prepared to work around challenging weather conditions.

Why 'Fork to Farm' Beats Farm to Fork, Expert Says

In the past, much has been made of the concept of farm to fork, but an Australian expert in food science and marketing with experience in the dairy industry, Dr Angeline Achariya, says the reverse of this slogan is critical to win modern day consumers.

George Dodson on Efficiency and Low-Cost Dairy Farming

Efficiency is the big one because it tracks back into what is done on farm.

Four-Year Trial Confirms Plantain Cuts N Losses 33%

A four year trial has reaffirmed that mixing plantain into dairy pastures can help reduce nitrogen losses to freshwater while maintaining milk production and profitability, say researchers.

Fonterra Opens Upgraded Chengdu Application Centre

Fonterra has opened its upgraded Chengdu Application Centre, bringing New Zealand dairy expertise closer to customers in one of China's fastest-growing regions.

Ravensdown Pays First Rebate in Three Years on $50m Profit

When it comes to annual rebates, it's been a long time between drinks for Ravensdown shareholders.

National

Stephen Allen to Step Down as Tatua Chair After 23 Years

Tatua chair Stephen Allen says he leaves the co-op with a deep sense of gratitude for the people who have…

New Dairy Holdings CEO Backs Self-Contained Model

Running a tight and self-contained ship is the key to the success of the country's largest dairy farmer, says Blair…

Federated Farmers President Colin Hurst Adds Dairy Farm

Federated Farmers president Colin Hurst and his family raised a glass of milk last week to toast the start of…

Tatua Chair Stephen Allen Retires After 30 Years of Service

Tatua Co-operative Dairy Company has confirmed that chair and director Stephen Allen will retire at the co-operative's annual general meeting…

Southern Dairy Hub Appoints Greg Delaney as Acting General Manager

The Southern Dairy Hub (SDH), which runs a demonstration farm for South Island farmers, has a new general manager.

Machinery & Products

25 Years of John Deere Automated Guidance: A Precision Ag Timeline

This year marks the 25th anniversary of John Deere moving into automated guidance.

Lemken Saphir XMR: New Mechanical Seed Drill Replaces Saphir 10m

The new Lemken Saphir XMR mechanical seed drill has been introduced as the successor to the proven Saphir 10m with…

Krone Enters Merger Market With First Belt Model, the Swativo T1040 Pro

Already known for its extensive range of mowers, tedders and swathers, German manufacture Krone looks to be joining the trend…

Evaluating Tech Providers Beyond The Product

As the dust settles after Fieldays, we're once again reminded of the sheer volume of technology now available to New…

VatGuard: The Kiwi-Made Fix for Milk Vat Contamination

The greatest nightmare for any dairy farmer is the fear of contaminating the milk vat, either with milk from a…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Floating Farm Sinks

OPINION: The world's first floating dairy farm, once hailed as a vision of farming's future, is up for sale after…

Make It Up!

PM Chris Luxon can't seem to buy a trick when it comes to the polls, particularly for his own approval…

» eNewsletter