Fonterra seeks strong farmer mandate for sale
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
A mate of yours truly says he has recently noticed how the Fonterra tankers, seen driving up and down the country, are displaying a large ANZAC poppy on their grills.
The Hound’s pal reckons this is a nice touch, but suggests the ‘Lest we forget’ lyric, dedicated to the brave young men and women who died fighting for our country, may, for Fonterra suppliers, be equally a reminder of last season’s whopper $8.40 payout vs this year’s paltry $4.70.
Lest we forget, indeed!
The Commerce Commission has announced that it has filed proceedings against Westpac New Zealand.
Ia Ara Aotearoa Transporting New Zealand says it backs calls for a review on farm transport rules.
A farm owner and two former Waikato contract milkers were recently fined $27,000 over a lack of feed for 230 cattle and a lack of treatment for cows suffering from milk fever.
Scales Corporation has today reported its results for the first half of the 2025 financial year, revealing what it says are outstanding results from its horticulture and logistics divisions.
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.