Monday, 25 June 2012 13:49

Special board meeting on TAF

Written by 

Fonterra's board is holding a special meeting this afternoon to decide whether TAF (trading among farmers) will go ahead.

Votes cast at eight meeting venues around the country are now being counted. The meeting ended at 1.35pm.

Fonterra chairman Henry van der Heyden says he has convened a special board meeting this afternoon.

"Once the votes are counted and the results are out, the board will decide whether to proceed with TAF," he told the Hamilton meeting.

Van der Heyden says he will email shareholders on the board decision before holding a media conference.

He has asked for "a clear mandate" from shareholders.

Meanwhile Federated Farmers Dairy chairman Willy Leferink is urging shareholders to respect the board's decision.

"I urge shareholders to show respect to whatever decision the board makes this afternoon," he told farmers from the Ashburton meeting.

He thanks the Fonterra board for holding the second vote on TAF.

More like this

"Our" business?

OPINION: One particular bone the Hound has been gnawing on for years now is how the chattering classes want it both ways when it comes to the success of NZ's dairy industry.

Farmers' call

OPINION: Fonterra's $4.22 billion consumer business sale to Lactalis is ruffling a few feathers outside the dairy industry.

Wasted energy

OPINION: Finance Minister Nicola Willis could have saved her staff and MBIE time and effort over ‘buttergate’ recently by not playing politics with butter prices in the first place.

Featured

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.

B+LNZ launches AI assistant for farmers

Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.

National

Machinery & Products

Tech might take time

Agritech Unleashed – a one-day event held recently at Mystery Creek, near Hamilton – focused on technology as an ‘enabler’…

John Deere acquires GUSS Automation

John Deere has announced the full acquisition of GUSS Automation, LLC, a globally recognised leader in supervised high-value crop autonomy,…

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards,…

» Latest Print Issues Online

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter