No backing down
OPINION: Fonterra isn't backing down in its fight with Greenpeace over the labelling of its iconic Anchor Butter.
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.
OPINION: Federated Farmers' latest farmer confidence survey results won’t surprise too many people.
The cost of producing milk in New Zealand continues to compare favourably with other exporting regions despite a lift in production costs over the past five years.
DairyNZ says potential benefits from gene technology must be carefully weighed against the risks of such technology.
Pleased, but cautious. That’s how PGG Wrightson chief executive Stephen Guerin says he’s feeling about the rural retailer’s latest financial result.
Commodity prices and interest rates play a huge role in shaping farmer confidence, but these factors are beyond their control, says Federated Farmers dairy chair Richard McIntyre.
DairyNZ is supporting a proposed new learning model for apprenticeships and traineeships that would see training, education, and pastoral care delivered together to provide the best chance of success.
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