Fonterra Whareroa sets cheese record, wins top award
Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.
The Fonterra Shareholders Council says today's launch of the TAF prospectus is a tangible result of years of hard work by the co-op and its farmers.
Ian Brown, who heads the council tasked with safeguarding the interests of the dairy cooperative's 10,500 Shareholders, says it was an historic day for Fonterra Shareholders.
"Our farmers have always been leaders and this is another example of them being heavily involved in an innovative step forward for our industry."
The Farmer Shareholder Supply Offer invites Fonterra farmer Shareholders to consider the opportunity to sell the economic rights of some of their shares to the Fonterra Shareholders' Fund and the Prospectus and Investment Statement for the Fund allows the public to consider buying Units in the Fund.
"The offer is the first step in launching Trading Among Farmers which is designed to provide farmers with increased flexibility in running their businesses," Brown says.
"Also, by ensuring our co-op has permanent capital Fonterra will be able to make the most of opportunities, identified in the Strategy Refresh, to improve shareholder returns."
Brown says it is important to emphasise that the offer provided an opportunity to invest in units issued by the Shareholders' Fund – not to buy Fonterra shares.
"Voting rights and shares have and will always be linked to milk production, this principle is rock solid and a lot of hard work has been done over the past two-plus years to ensure 100% supplying shareholder ownership and control of Fonterra is secured.
"What the offer opportunity does present is the chance for investors to engage with Fonterra like never before and I believe this can only be a good thing for our co-op."
Brown says it is important that shareholders do their own due diligence on the offer before them.
"I encourage shareholders to read the Prospectus and Investment Statement for the Fund and the Farmer Shareholder Supply Offer Booklet and seek advice from your advisors before progressing further."
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
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