Two new awards open to help young farmers progress to farm ownership
Entries have opened for two awards in the New Zealand Dairy Industry Awards (NZDIA) programme, aimed at helping young farmers progress to farm ownership.
Kiwis feel a surge of pride when they see the old Anchor brand when they’re overseas, but national pride isn’t exactly the last word in financial analysis.
A better yardstick is the opinion of the likes of Forsyth Barr senior analyst Matt Montgomerie and analyst Ben Crozier, who refer to the assets sold as “the poor-performing Mainland Group”.
They view Fonterra as a “much higher-quality business” without it. The Consumer business has long been a problem area for Fonterra and its return on capital is typically abysmal compared with the co-op’s Foodservice and Ingredients arms.
Fonterra’s core strength is clearly milk processing—not branded consumer products.
Read More:
- Fonterra sale could deliver $3.2b windfall to farmers
- Why Fonterra accepted defeat in the dairy aisle
- "Our" business?
