ANZ defends farm lending rates
The country's largest lender to the agriculture sector says it's not favouring home loans over farm and business lending.
Federated Farmers says John Wilson is the right man to lead Fonterra.
"John may be stepping into big shoes but he is ably equipped to do so," says Federated Farmers Dairy chairman Willy Leferink. Wilson was today appointed chairman elect and takes over from Henry van der Heyden in December.
"John is an immensely intelligent and capable farmer with that all-important institutional knowledge of where Fonterra has come from. Since he has been on the board, Fonterra has gone from generating $11.8 billion in revenue to around $20 billion today."
Being the chairman of Fonterra puts you in the spotlight locally and internationally, says Leferink.
"Federated Farmers strongly hopes John will put in place a clear succession pathway by creating a deputy chair. A lack of board succession is a strategic weakness given Fonterra is a team made up of farmers, staff, customers and suppliers.
"John will be in charge of taking the world's fourth largest dairy company forward in its second decade of life. This includes delivering to shareholders and unit holders, everything promised from Trading Among Farmers (TAF) and the strategy refresh.
"The immediate priority for John, during the transition phase, is to put to bed Fonterra's constitution in November so we can all move forward."
Leferink says Feds executives look forward to meeting Wilson soon.
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.
As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.
Livestock can be bred for lower methane emissions while also improving productivity at a rate greater than what the industry is currently achieving, research has shown.
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