Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO
Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.
Your old mate sympathises with the plight of the country’s dairy farmers and how the falling payout is impacting their financial stability.
However, the Hound suggests that while moves by Fonterra to save money and help returns to its shareholders is for the most part a good thing, some of its austerity measures border on penny-pinching stupidity. One example is the way it treats farmer members of the Shareholders Council. Despite the fact these councillors regularly fly from all parts of the country to meet at Fonterra HQ in Auckland, the dairy co-op does not stump up for Koru club membership. And when the councillors arrive at Auckland airport they then have to take a bus into town for their meetings at Fonterra’s head office ‘gumboot castle’!
The closure of the McCain processing plant and the recent announcement of 300 job losses at Wattie’s underscore the mounting pressure facing New Zealand’s manufacturing sector, Buy NZ Made says.
Specialist agriculture lender Oxbury has entered the New Zealand market, offering livestock finance to farmers.
New research suggests Aotearoa New Zealand farmers are broadly matching phosphorus fertiliser use to the needs of their soils, helping maintain relatively stable nutrient levels across the country’s agricultural land.
Helensville farmers, Donald and Kirsten Watson of Moreland Pastoral, have been named the Auckland Regional Supreme Winners at the Ballance Farm Environment Awards.
Marc and Megan Lalich were named 2026 Share Farmers of the Year at last night's Canterbury/North Otago Dairy Industry Awards.
William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.

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