Data sharing initiative wins national award for saving farmers time
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
Fonterra's board has established the WPC80 Inquiry Committee, and charged them to oversee an independent review into the circumstances giving rise to the affected whey protein concentrate (WPC80) and subsequent chain of events.
Board chairman John Wilson says he has complete confidence that Fonterra's chief executive, Theo Spierings, had made the right decisions and is continuing to do everything to manage this complex issue, but that there are serious lessons that need to be learnt.
"It is critical that we identify these lessons quickly so our farmers, governments, customers, consumers and unit holders can again have full confidence in Fonterra and its products," says Wilson.
"With this in mind, the board has confirmed the committee will be chaired by independent director, Sir Ralph Norris, and will include two external independent members who are not Fonterra board members."
The committee is comprised of:
• Sir Ralph Norris (chair) – independent director
• Simon Israel – independent director
• Dame Judith Potter – external independent member
• Blue Read – farmer elected director
• Nicola Shadbolt – farmer elected director
• John Waller – independent director
An eminent and respected scientist will also be appointed to the committee over the coming days as the second independent member.
Commenting specifically on Dame Judith Potter, a retired High Court judge and fellow of the New Zealand Institute of Directors, Wilson says her appointment to the committee demonstrates the cooperative's commitment to a full and independent inquiry.
"Dame Judith brings with her a breadth of legal, judicial and board experience, and a reputation for being decisive and commercially astute."
The committee has appointed Jack Hodder, QC of Chapman Tripp, to undertake the review into the events leading up to and following the WPC80 concerns. Hodder will report back to the committee.
As part of this, Hodder will have access to all necessary independent experts and advisers, and the WPC80 Inquiry Committee is currently seeking an internationally recognised industry expert on the manufacturing and safety of foods to work alongside Hodder.
"The inquiry will start immediately and it is the board's intention to have it completed within six weeks. However, the emphasis will be on a full and thorough investigation.
"The board has given the committee a far-reaching remit. It will not only review the circumstances and principle decision points relating to the affected WPC80 product, it will also look more broadly at Fonterra's business procedures, systems and practices," Wilson says.
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.
Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.
OPINION: Dust ups between rural media and PR types aren't unheard of but also aren't common, given part of the…
OPINION: The Hound hears from his canine pals in Southland that an individual's derogatory remarks on social media have left…