Fonterra's 'survival' plan to combat declining milk supply

A Fonterra tanker at the Te Rapa dairy factory.

Fri, 07 May 2021

Fonterra’s board wants to protect the dairy cooperative from declining milk production but it remains to be seen whether farmers will be on board with its plan.Yesterday, Fonterra kicked 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.Federated Farmers national president Andrew Hoggard said farmers do agree with the need for change.“What I have been picking up from a lot of farmers is that it is time to relook at the structure,&rdqu...

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