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.
Fonterra has won its battle to get a limit on how long other large independent milk processors are entitled to access Fonterra milk.
Large processors who also buy milk directly from farmers will get a three-season limit for accessing regulated milk, the Government has decided.
Primary Industries Minister David Carter announced amendments to the Raw Milk Regulations, the rules by which independent milk processors can access raw milk from Fonterra.
The key amendments are:
• Large independent processors who collect a significant quantity of milk directly from farmers will have a three-season limit for accessing regulated milk;
• The total quantity of milk available under the Raw Milk Regulations will be set at approximately 5% of Fonterra's milk supply, as provided for in the legislation;
• A range of maximum quantities will apply to processors accessing milk under the Raw Milk Regulations in different months of the season to reflect the seasonal nature of milk production;
• Processors who do not take much, or any milk, directly from farmers will be able to pay a fixed price for milk accessed under the Raw Milk Regulations and will not be subject to the "wash-up" process at the end of the season.
"The regulations ensure dairy processors can access raw milk when they are starting up and aim to support competition in domestic dairy products," Carter says.
"The changes follow an extensive consultation and review process on how best to achieve a fair and efficient dairy market in New Zealand."
Carter says the new regulations will take effect on the first day of the next dairy season, from June 1, 2013.
OPINION: In recent years farmers have been crying foul of unworkable and expensive regulations.
Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.
Making things simpler, not harder, for deer farmers in farm planning and coping with regulations is Deer Industry New Zealand (DINZ) industry capability manager John Ladley’s current focus.
Rural Women New Zealand (RWNZ) is launching an online business directory called The Country Women’s Collective to promote and support entrepreneurial rural women.
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