Tuesday, 24 April 2012 14:16

Farmers welcome TAF vote

Written by 

The Fonterra Shareholders Council supports the co-op board's decision to hold another vote on TAF.

Shareholders Council chair, Simon Couper says the announcement is an important and proactive one given the questions being raised in some parts of the shareholder base.

"This is the most important decision in the 10-year history of our co-op and it is only right that the concerns of our shareholders are heard and respected.

"Maintaining the co-op's unity is vital and, as such, shareholders must feel comfortable with the direction their co-op will travel."

Couper says this will be an opportunity for shareholders to engage with the TAF capital structure option in a constructive manner.

"There has been a lot of talk recently about ownership and control of the co-op, voting is our key control right and we must take responsibility and use it.

"I urge all farmers to demonstrate your rights and have your say in the future of Fonterra."

More like this

Fonterra R&D: Innovation needs more than just PhDs

Common sense and good human judgement are still a key requirement for the super highly qualified staff working at one of New Zealand's largest and most important research facilities - Fonterra's R&D Centre at Palmerston North.

Featured

IFSO urges flood-affected residents to document damage for insurance

Following heavy rain which caused flooding in parts of Nelson-Tasman and sewerage overflows in Marlborough, the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) is urging homeowners and tenants to be cautious when cleaning up and to take the right steps to support claims.

Farmstrong marks 10 years of rural support

Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

» Latest Print Issues Online

The Hound

Don't hold back!

OPINION: ACT MP Mark Cameron isn’t everyone’s cup of tea, but he certainly calls it how he sees it, holding…

Sorry, not sorry

OPINION: Did former PM Jacinda Ardern get fawning reviews for her book?

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter