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Fonterra chairman Henry van der Heyden has announced his intention to step down in a year's time.
He made the announcement at today's Fonterra annual general meeting at Whangarei. Van der Heyden will hand over to an as-yet-unnamed successor at the 2012 AGM.
Van der Heyden's retirement as chairman will follow on from the recent replacement of CEO, with Theo Spierings replacing Andrew Ferrier.
Fonterra's 460 milk suppliers in Australia, who will switch to Lactalis end of this month, are unfazed with the impending change.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
As expected, Fonterra has lifted its 2025-26 forecast farmgate milk price mid-point to $9.50/kgMS.
Fonterra farmer shareholders have approved the mechanism for a $2/share capital return expected from the sale of its global consumer and associated businesses.
Fonterra executive René Dedoncker is leaving the co-operative later this year to lead Australian agribusiness Elders.
New Zealand's dairy and beef industries say they welcome the announcement that the Government will invest $10.49 million in the Dairy Beef Opportunities (DBO) programme.
New Zealand farming is riding a high, with strong prices, full feed covers and improving confidence lining up at the same time.
Manawatu Mayor Michael Ford says the district sees itself as the agribusiness capital of the lower North Island.
Beef + Lamb New Zealand (B+LNZ) is looking forward to connecting with farmers, rural professionals and community members at this year's Central District Field Days.
Labour Party Leader Chris Hipkins has announced a reshuffle of the party's caucus portfolios.
Agriculture Minister Todd McClay says a series of rural resilienced set to be rolled out next week will help farmers and growers better prepared for adverse weather events.
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