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 has given its approval to TAF (trading among farmers), paving the way for Fonterra board to launch the share trading scheme.
For Fonterra to move forward with TAF, the board had to be satisfied that five preconditions were met. The fifth TAF precondition was the support of at least 50% of the Shareholders Council.
Council chair, Ian Brown says there was 97% support for the resolution and this reflected the confidence the Council had in the new capital structure.
"The council's support for the preconditions, which are underpinned by 100% farmer ownership and control, signal that they have reached the standards set by the council on behalf of our farmer shareholders."
Brown says the council has undertaken a robust and fully independent two-year review process to ensure farmers' interests were paramount in the construction and design of TAF.
"From the outset the council viewed 100% farmer shareholder ownership and control as a non-negotiable and that any change to the capital structure had to be an enduring one.
"To ensure this was the case the council engaged the services of a number of external advisors who worked to review all aspects of TAF from a farmers' perspective. We are confident that the protections contained within TAF will preserve 100% farmer shareholder ownership and control and that the TAF model before us will provide the cooperative with stability for years to come."
A technical lab manager for Apata, Phoebe Scherer, has won the Bay of Plenty 2025 Young Grower regional title.
Following heavy rain which caused flooding in parts of Nelson-Tasman and sewerage overflows in Marlborough, the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) is urging homeowners and tenants to be cautious when cleaning up and to take the right steps to support claims.
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.
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