Fonterra caps shareholders' fund – but axe looms

Fonterra chair Peter McBride (left) with former chair John Monaghan.

Thu, 06 May 2021

Fonterra is kicking off a consultation process that could slash the number of shares that farmers need to hold and cap or shut down the Fonterra Shareholders’ Fund. The aim is to protect farmers by giving them greater financial flexibility.“The cooperative’s current structure was put in place when milk supply was growing rapidly in New Zealand. It now needs to be prepared for flat or potentially declining milk supply as a result of factors such as climate change impacts, regulatory changes, and alternative land uses,&rdqu...

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