Displaying items by tag: Fonterra

The Fonterra Cooperative Support ‘loan’ to be made available to shared-up farmers shows the co-op is optimistic prices will come back, Fonterra chairman John Wilson says.

Colin Guyton says for the first time since he’s been farming he didn’t receive a milk cheque in July, in common with almost everybody and a cause of stress and concern. 

Fonterra has been fined $174,150 in Tauranga District Court for six separate offences under the Resource Management Act. Fonterra pled guilty to all six charges and was sentenced by Judge Smith at a hearing on July 27.

Fonterra is significantly reducing quantities it will offer on the GlobalDairyTrade (GDT) auction for the next 12 months including a shift away from whole milk powder.

Standards and Poors has placed Fonterra's 'A' long-term and 'A-1' short-term ratings on creditwatch negative, citing debt issues.

MyFarm director Grant Rowan is considering another tilt at the Fonterra board elections.

Recent job losses announced by Fonterra aren’t linked to the low milk price faced by farmers.

Having been raised on a 70-cow farm in Taranaki, Fonterra Shareholders Council’s new chairman Duncan Coull knows a lot about resilience.

It's not our preference to kick someone when they are down. But Fonterra’s appearance at Tauranga District Court relating to six illegal wastewater discharges at its Edgecumbe plant leaves us little choice.

Federated Farmers wants the Government to fast-track its infrastructure projects in dairy regions to assist local economies through the downturn in dairy prices.