Fonterra bosses’ mission to sell the $4.2b divestment plan
Fonterra chair Peter McBride, fellow directors and the management team, will front up farmer shareholders next week to explain the metrics around the proposed $4.22 billion divestment plan.
The closed tender bid process for the Gold3 licence for attracted strong participation, with over 1000 growers bidding for licence, Zespri says.
One aspect of the tender process is a good spread of hectares among growers, with 266 successful bids and an average size of bids well under 2ha for each category, it says in its Kiwiflier newsletter.
Zespri chairman Peter McBride says, "It is satisfying to see relatively broad participation in the process. The level of participation and the high median price of successful bids reflect, I believe, the strong level of confidence in the product."
The average size of the successful bid was 1.31ha for the restricted tender (for Green and Green14 conversions) and 1.77ha for the unrestricted tender.
The result indicates a good level of accessibility in the process, with just one successful bid for more than 10ha of licence. Both the restricted and unrestricted tenders were oversubscribed, and the available area was allocated to the highest priced valid bids.
The regional spread of licence allocation was concentrated in the Bay of Plenty but there were allocations also in Gisborne, Waikato, Auckland, Coromandel, Hawkes Bay and Northland.
Zespri will provide an update on the performance of Gold3 in the markets later in the season. It is expected that in November there will be sufficient information to provide the industry a clear signal regarding the potential release of Gold3 hectares
Like many manufacturers around the world, European agricultural machinery and tractor manufacturers are currently operating in a difficult market environment. But they are heading to the world’s largest agricultural machinery event in Hanover next month with a degree of cautious optimism.
Established in 2021, the John Deere Technician of the Year Awards champion the important contribution parts and service technicians make to the Australian and New Zealand agriculture, construction and forestry industries.
Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.
New Zealand is closer to eradicating bovine TB than ever before, but possums remain a threat, says Beef + Lamb New Zealand.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…
OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…