Divestment means Fonterra can focus on its strengths
OPINION: Fonterra's board has certainly presented us, as shareholders, with a major issue to consider.
OPINION: The Hound notes that Fonterra is cashing in on the curent government's largesse with taxpayer money.
The dairy co-op recently unveiled its first electric milk tanker for which it received $427,000 in co-funding from taxpayers to offset the estimated total cost of $850,000 to purchase the electric truck cab/chassis and convert it into a tanker.
The tanker - apparently named 'Milk-E' - will be based at Fonterra's Waitoa plant, where there's a lot of close supplying farms on relatively flat land.
This begs the question, just how realistic and sustainable are electric milk tankers if they can only do short runs with no hills to maintain battery life?
Looks like more greenwashing than anything realistic.
Meanwhile, speaking of greenwashing, Energy Minister Megan Woods, who was on hand to unveil the electric truck, had a V8 BMW740 and driver waiting outside to take her to her next appointment!
Meat co-operative, Alliance has met with a group of farmer shareholders, who oppose the sale of a controlling stake in the co-op to Irish company Dawn Meats.
Rollovers of quad bikes or ATVs towing calf milk trailers have typically prompted a Safety Alert from Safer Farms, the industry-led organisation dedicated to fostering a safer farming culture across New Zealand.
The Government has announced it has invested $8 million in lower methane dairy genetics research.
A group of Kiwi farmers are urging Alliance farmer-shareholders to vote against a deal that would see the red meat co-operative sell approximately $270 million in shares to Ireland's Dawn Meats.
In a few hundred words it's impossible to adequately describe the outstanding contribution that James Brendan Bolger made to New Zealand since he first entered politics in 1972.
Dawn Meats is set to increase its proposed investment in Alliance Group by up to $25 million following stronger than forecast year-end results by Alliance.
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