Green Light for Fonterra's $3.2b Capital Return Scheme
Fonterra farmer shareholders have approved the mechanism for a $2/share capital return expected from the sale of its global consumer and associated businesses.
At least 50 million packs of milk have gone to schools since 2013, costing the co-op millions annually.
Now, with farmers struggling to stay afloat after three straight years of low payouts, some may ask whether it’s time for the Government to step in and take over the scheme. After all, feeding children a proper breakfast is everyone’s responsibility, not just farmers who milk cows.
