Takeover bid?
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
A new bill detailing proposals to oversee Fonterra’s farm gate milk price setting and ensure a more transparent and efficient dairy market was tabled in Parliament yesterday by Primary Industries Minister David Carter.
Federated Farmers has conditionally backed changes to the Dairy Industry Restructuring Act (DIRA) and its Raw Milk Regulations. Its submission stresses that any change to the DIRA for Fonterra's TAF (trading among farmers) hinges on supplier-shareholder endorsement.
FONTERRA FARMERS are angry and disappointed with the Government’s DIRA proposals, says chairman Henry van der Heyden.
MAF's Dairy Industry Restructuring Act (DIRA) discussion document threatens farm-gate milk prices and farmer-shareholder ownership of Fonterra, says South Canterbury farmer Leonie Guiney.
NONE OF the proposed changes to the Dairy Industry Restructuring Act will reduce the retail price of milk, say farmers.
Fonterra and the Shareholders Council have lashed out at the Government's proposal to make about 200 million litres more a year of milk available to other dairy companies.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.