Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
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."
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.