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.
A mate of the Hound reckons Fonterra's Shareholder Council has proven it's nothing more than a lapdog of the Fonterra board rather than a watchdog for the co-op's farmer shareholders.
He suggests the council's directive to farmers not to vote for the Gent/Armer resolution at the recent annual meeting has removed any doubt about its poodle status. Your canine crusader notes that the council has been accused of being a lapdog since Fonterra's formation and it's pretty hard to argue against the claim when something like three of its former chairmen have gone on to become Fonterra directors – including the current chairman 'Little' Johnny Wilson.
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.
Alliance Group's proposal to sell a 65% shareholding to Ireland's Dawn Meats won't solve the red meat industry's structural problems, says former Federated Farmers meat and wool chair Toby Williams.