Thursday, 04 July 2024 07:55

Nominations open for co-op milk price panel member

Written by  Staff Reporters
Council chair John Stevenson says the panel’s role and responsibilities are key to overseeing the integrity of Fonterra Farmgate Milk Price. Council chair John Stevenson says the panel’s role and responsibilities are key to overseeing the integrity of Fonterra Farmgate Milk Price.

The Fonterra Co-operative Council is looking for a farmer representative to sit on the Fonterra Milk Price Panel.

Two members of the seven-member panel are nominees of the council: Currently, Fonterra farmer Bill Donaldson and Fred Ohlssen, who is independent of Fonterra, are members.

Council chair John Stevenson says the panel's role and responsibilities are key to overseeing the integrity of Fonterra Farmgate Milk Price.

The successful candidate will succeed Donaldson who has sat on the panel since late 2014. He will remain on the panel until September 2025, providing a transition period for the new council nominee.

"Bill has provided exceptional service to our co-op as a long-term member of the panel," says Stevenson.

The new council nominee will be an observer for the first 12 months and sit alongside Donaldson during that period.

"There's a steep learning curve joining the panel. Starting as an observer will enable our new nominee to contribute more effectively when they become a full member of the panel in September 2025," says Stevenson.

"Council is ideally seeking a dairy farmer supplying Fonterra who has deep on farm dairy experience and a strong understanding of what drives Fonterra's milk price.

"For this appointment it is important to council to target a Fonterra supplying farmer to ensure there continues to be more than one farmer perspective and mindset on the panel, recognising that legislation requires the panel to comprise a majority of members who are independent of Fonterra."

Applications from Fonterra farmers close on 8 July 2024.

The panel consists of an independent chair, David Pilkington, two nominees of the Minister of Agriculture, Professor Hamish Gow and Ming Lim-Pollard, two members who are appointees of the Co-operative Council, Bill Donaldson and Fred Ohlsson, a farmer elected Fonterra director, Leonie Guiney, and an appointed Fonterra director, Bruce Hassall.

The panel oversees the governance of the Farmgate Milk Price and the Milk Price Manual, including changes to the manual and verification by independent external experts of key parameters (such as resource usage rates, product yields and fixed manufacturing costs).

The panel is responsible for:

  • Overseeing the calculation of the Farmgate Milk Price and making a recommendation on it to the Fonterra board.
  • Providing recommendations to the Fonterra board on changes to the manual.
  • Providing assurance to the Fonterra board that the Farmgate Milk Price has been calculated in accordance with the manual.

The Fonterra board is responsible for the forecast of the annual Farmgate Milk Price.

More like this

What's in it for us?

Fonterra farmers are keen to know what the co-operative's surprise divestment plan will deliver for them, says Co-operative Council chair John Stevenson.

$8 final milk price likely

An $8/kgMS farm gate milk price is still on the cards with less than six weeks left to run this season.

Milk price certainty

Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following two seasons.

More milk keeps prices soft

A better than expected start to milk production in New Zealand has softened global dairy prices, says Westpac senior agri economist Nathan Penny.

Featured

Red tape 'blocking access to crop production products'

Outgoing chief executive of Horticulture New Zealand, Nadine Tunley has taken a swipe at government agencies for the “costly and lengthy regulatory approval process” to get new crop protection products registered.

Farmers back ACT MP's bill

ACT MP and Northland dairy farmer Mark Cameron is lodging a new member’s bill that would prevent regional and district councils from regulating greenhouse gas emissions.

National

Govt unveils climate strategy

The Government has launched its new Climate Strategy, which it says is a comprehensive and ambitious plan to reduce the…

Machinery & Products

More efficient jumbo wagons

In a move that will be welcomed by many, Austrian manufacturer Pottinger appears to be following a trend of bringing…

Fieldays' top young innovator

Growing up on a South Waikato sheep and beef farm, Penny Ranger has firsthand experience on the day-to-day challenges.

Claas completes 500,000th machine

Claas is celebrating half a million combine harvesters built since 1936, marking the occasion by building anniversary machines from the…

Donated tractors welcome news

When Cyclone Gabrielle hit in February 2023, it left an estimated $13.5 billion worth of damage across New Zealand.

» Latest Print Issues Online

The Hound

Fieldays focused

OPINION: Your old mate had a wee crack at Fieldays recently for the perception it was more focused on quantity…

'Woke madness'

OPINION: Real estate agent Janet Dickson's court case, following her refusal to complete a compulsory Māori culture course, is being watched…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter