Fonterra consumer business sale price jumps to $4.22b
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.
Your old mate was flabbergasted at the sheer political gall of Labour and the Greens in their latter-day ‘concern for farmers’ in the wake of the recent drop in dairy payout.
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.
Fertiliser co-operative Ballance has written down $88 million - the full value of its Kapuni urea plant in Taranaki - from its balance sheet in the face of a looming gas shortage.
The Government and horticulture sector have unveiled a new roadmap with an aim to double horticulture farmgate returns by 2035.
Canterbury farmers and the Police Association say they are frustrated by proposed cuts to rural policing in the region.
The strain and pressure of weeks of repairing their flood-damaged properties is starting to tell on farmers and orchardists in the Tasman district.
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to $4.22 billion.
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