Fonterra trims board size
Fonterra’s board has been reduced to nine - comprising six farmer-elected and three appointed directors.
Former Fonterra Shareholders Council chairman Simon Couper says the Trading Among Farmers (TAF) model is unable to deliver 100% farmer ownership and control.
Couper, who resigned yesterday, says it has always been a strong principle of his that the ownership and control of the co-op must be protected.
"TAF theoretically provides a unique opportunity for our co-op but absolutely must have complete safeguards around ownership and control"
While the board and council have made some progress he was convinced there were factors that needed to be in place to protect the co-op, he says.
"Fund size was key in my decision and a threshold of anything over 15% puts the co-op at risk"
He says farmers must realise TAF "will put us on a path that has the potential to become a slippery slope".
"I've always held to my integrity. I accept that a majority of council maybe happy with the proposed model but I couldn't lead an organisation where I had such a big fundamental difference on such a big issue"
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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