Farmer concerns rein in Fonterra proposals

Farmer concerns rein in Fonterra proposals
Fonterra suggests a number of changes to its proposal. (Image: Supplied)
Rebecca Howard
Fonterra will water down some of its proposed capital structure changes after farmers raised concerns about the farmer-only market and share price impacts, about balancing flexibility and about managing the transition."As a co-op, we need to be pragmatic and open to compromise in order to find a way forward together that is in our best long-term interests,” said Chair Peter McBride.Fonterra began consulting on the proposal in May and said its aim was two-fold: maintaining the financial sustainability of the co-operative and prot...

More Primary Sector

Fonterra steps up work on potential consumer business divestment
Primary Sector

Fonterra steps up work on potential consumer business divestment

Last month Fonterra said it was still working towards a 12- to 18-month timeframe. 

Synlait lifts 2024/25 forecast milk price
Primary Sector

Synlait lifts 2024/25 forecast milk price

Its $9 per kilogram of milk solids is in line with Fonterra's midpoint.

Delegat boss Steve Carden quits
Primary Sector

Delegat boss Steve Carden quits

Delegat Group managing director Steve Carden has resigned.Having been with the business for three years, his last day will be on Jan 31, 2025.He joined the New Zealand Exchange-listed (NZX) wine group in 2022, having been chief executive of state-owned farmer Pāmu for eight years...

Riley Kennedy 08 Oct 2024
Simon Limmer on switching from red meat to wine
Primary Sector

Simon Limmer on switching from red meat to wine

Indevin Group chief executive reflects on his first few months in the role.

Riley Kennedy 07 Oct 2024