Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
MPs from both parties, saying they were worried about farmers, tried to blame the Government for the drop in global dairy prices or sought to make Fonterra pay farmers more or to force banks to carry bad loans. Your canine crusader reckons farmers might take these ‘concerns’ a little more seriously when Green MPs stop labelling farmers polluters and water thieves and their Labour mates stop wanting to hit the farming sector with new greenhouse gas taxes, stop making claims about farmers deliberately avoiding paying tax and cease calls to whack the sector with even more costs.
