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Your canine crusader has been told that claims by the controversial ‘agricultural economist’ Peter Fraser that Fonterra will ‘end up in foreign hands’ are not helping O’Connor and his team calm the waters in the dairy sector claim Fraser had a conflict of interest and should not have been part of Agriculture Minister Damien O’Connor’s secret committee advising him on changes to the dairy industry.
Fraser has claimed in media interviews – with no evidence – that Fonterra could go the way of Westland and end up owned by foreigners. However, some are asking why media and the Government are seeking Fraser’s opinion as an economist and advisor given that he can often be found in the early hours running his private business – waterblasting streets around Wellington!
Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.
A leading financial and banking advisor says he doubts if most dairy farmers fully understand the dynamics of banking.
Dairy farmers are shoring up their balance sheets, with almost $1.7 billion of debt repaid in the six months to March 2025.
Virtual fencing company Halter is going global but for founder Craig Piggott, New Zealand farmers will always remain their main partners.
A former Fonterra executive is the new chair of the Dairy Companies Association of New Zealand (DCANZ).
New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.
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