Winston Peters calls Fonterra vote result 'utter madness'
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
With the milk payout falling and little sign of a bounce-back in the near future, many farmers are struggling to break even. Yet, Fonterra is forking out nearly $20 million for milk for schools.
The management review of Fonterra should be widened to include freebies Fonterra is giving the community; these might be a good public relations exercise but in these tough times every dollar should be returned to farmer shareholders, not thrown at a need the Government must take responsibility for.
