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.
Zespri chairman Peter McBride is challenging employers in the horticulture sector to do more for young people in the industry.
McBride told 400 people at the Bay of Plenty Young Grower of the Year competition of the need to develop young people and bring them through the industry.
It has a lot of physical assets, but the most important is people, he says.
"In developing our young people we are creating equity opportunities for them. There are models out there for encouraging our young people to become owners; [we can] and give them opportunity in our businesses either with capital or by helping them to secure loans."
McBride says with horticulture and tourism the fastest-growing industries in NZ that creates a world of opportunity for young people -- in management, post harvest, orchard management and roles in Zespri and in the horticultural services sector.
And there is also plenty of scope for people to start their own businesses, he says.
"The business environment has never been better for young people to flourish and take opportunities. Most of these come in periods of difficulty or downturn so these are also periods of high risk. But they have to take the opportunity when it comes and push the boat out and hope the water stays in the harbour."
With the current situation in the European farm machinery market being described as difficult at best, it’s perhaps no surprise that the upcoming AgriSIMA 2026 agricultural machinery exhibition, scheduled for February 2026 at Paris-Nord Villepinte, has been cancelled.
The Meat Industry Association of New Zealand (MIA) has launched the first in-market activation of the refreshed Taste Pure Nature country-of-origin brand with an exclusive pop-up restaurant experience in Shanghai.
Jayna Wadsworth, daughter of the late New Zealand wicketkeeper Ken Wadsworth, has launched an auction of cricket memorabilia to raise funds for I Am Hope's youth mental health work.
As we move into the 2025/26 growing season, the Tractor and Machinery Association (TAMA) reports that the third quarter results for the year to date is showing that the stagnated tractor market of the last 18 months is showing signs of recovery.
DairyNZ chair Tracy Brown is urging dairy farmers to participate in the 2026 Levy vote, to be held early next year.
Beef + Lamb New Zealand (B+LNZ) is calling for nominations for director roles in the Eastern North Island and Southern South Island electoral districts.

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