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Westland says discussions with interested parties centered on a competitive milk price, milk pick-up and a fair value for co-op shares.
Chairman Pete Morrison won’t comment on unsuccessful bidders, saying “it was a confidential process”.
This month Fonterra confirmed that it held talks with Westland to find “a co-op solution”. But the talks broke down.
Morrison was asked if he could talk about discussions with Fonterra.
“The key for us is a guarantee that milk would be picked up from one end of the West Coast to another, a guaranteed competitive payout like the rest of NZ was getting and top value for our shares,” he says.
Fonterra chairman John Monaghan says it had “a very early discussion with Westland about finding a co-op solution to the position they found themselves in”.
“We weren’t able to progress and they went into another process.”
Monaghan expressed sadness at the “demise of another co-op” and said Fonterra would welcome any Westland suppliers willing to continue supplying milk to a co-op.
In the past, much has been made of the concept of farm to fork, but an Australian expert in food science and marketing with experience in the dairy industry, Dr Angeline Achariya, says the reverse of this slogan is critical to win modern day consumers.
A four year trial has reaffirmed that mixing plantain into dairy pastures can help reduce nitrogen losses to freshwater while maintaining milk production and profitability, say researchers.
Fonterra has opened its upgraded Chengdu Application Centre, bringing New Zealand dairy expertise closer to customers in one of China's fastest-growing regions.
Tatua chair Stephen Allen says he leaves the co-op with a deep sense of gratitude for the people who have contributed to its success.
Federated Farmers president Colin Hurst and his family raised a glass of milk last week to toast the start of a new addition to their farming operation at Makihihi, south of Timaru.
Celebrating 50 years in the rural landscape of Central Canterbury and beyond, Ashburton-based Carrfields, has been the exemplar for all aspects of modern agriculture via its extensive range of services including supply, growing, agronomic advice and marketing.
For Taupiri dairy farmers Logan and Sian Dawson, their involvement in the NZ Dairy Industry Awards has been a key catalyst in the growth of their business - the experience helping shape how they approach the farm ownership pathway they are pursuing today.
West Otago dairy farmer Luke Kane has been awarded the 2026 Rabobank Dr John Morris Business Development Prize.
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An LIC bull, Tronnoco AR Sadio-ET S3F, bred by Tony and Keri O'Connor of Tronnoco Farming Co Ltd near Timaru, has won the 2026 Mahoe Trophy.
With forecasters advising El Niño conditions will develop through winter and strengthen into spring and summer, Ballance Agri-Nutrients is encouraging farmers and growers to think ahead about nutrient planning and be prepared to work around challenging weather conditions.
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