Fonterra consumer business sale price jumps to $4.22b
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.
Fonterra’s head of Farm Source Bay of Plenty, Lisa Payne says local staff are currently preparing low-lying parts of the site for potential flooding.
Staff who are not involved in these preparations are being sent home.
“Approximately half of the team have already left the site,” she says.
The co-op’s local Farm Source store in the township remains closed due to flooding.
“The welfare of our staff, farmers and their animals is our number one priority. At this stage, the stopbank on the river where our site is located has held, but there is a possibility that we may evacuate the site later in the day if the river level continues to rise.
“Road closures are causing delays with some milk collections in the immediate area. Our Farm Source team is contacting impacted farmers directly.”
North Otago farmer Jane Smith is standing for the Ravensdown South Island director seat.
"Unwelcome" is how the chief executive of the Horticulture Export Authority (HEA), Simon Hegarty, describes the 15% tariff that the US has imposed on primary exports to that country.
Fertiliser co-operative Ballance has written down $88 million - the full value of its Kapuni urea plant in Taranaki - from its balance sheet in the face of a looming gas shortage.
The Government and horticulture sector have unveiled a new roadmap with an aim to double horticulture farmgate returns by 2035.
Canterbury farmers and the Police Association say they are frustrated by proposed cuts to rural policing in the region.
The strain and pressure of weeks of repairing their flood-damaged properties is starting to tell on farmers and orchardists in the Tasman district.
OPINION: Your old mate gets the sinking feeling that no matter who we vote into power in the hope they…
OPINION: Newsroom is running a series of articles looking into the influence of lobbying and has kicked it off with…