Tuesday, 26 June 2012 09:10

More safeguards needed : O’Connor

Written by 

Fonterra' s vote on Trading Among Farmers means more safeguards are needed in the proposed legislation to protect farmer control and ownership, Labour's Primary Industries spokesperson Damien O'Connor says.

"When the law changes voted on by farmers today first came in front of Parliament, we (Labour) said protections need to be locked into law because putting them into Fonterra's constitution is not enough," O'Connor says.

"Our fears have been realised with constitutional amendments to lock in farmer ownership only receiving 72.8% of the vote. Changing the constitution requires a 75% vote so they haven't been adopted.

"The result is that farmers have voted for trading among farmers, but even though there were more votes for the protection measures they haven't passed.

"If trading among farmers goes ahead without Labour's proposed amendment, control of Fonterra and its profits could pass to non-farmers and potentially out of New Zealand," O'Connor says.

More like this

Fonterra R&D: Innovation needs more than just PhDs

Common sense and good human judgement are still a key requirement for the super highly qualified staff working at one of New Zealand's largest and most important research facilities - Fonterra's R&D Centre at Palmerston North.

Misguided campaign

OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is polluting the environment.

Featured

Horticulture exports hit $8.4B, surge toward $10B by 2029

A brilliant result and great news for growers and regional economies. That's how horticulture sector leaders are describing the news that sector exports for the year ended June 30 will reach $8.4 billion - an increase of 19% on last year and is forecast to hit close to $10 billion in 2029.

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

» Latest Print Issues Online

The Hound

Be afraid

OPINION: Your old mate hears some of the recent uptick in farmer confidence has slipped since the political polls started…

Trust us!

OPINION: Ther'es a reason politicians rank even lower than John Campbell in the most trusted profession surveys.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter