TAF voting packs go to Fonterra farmers

Wed, 30 May 2012

May 31 (BusinessDesk) - A mass mail-out is under way to Fonterra Cooperative Group's 10,500 farmer shareholders of the voting packs for the June 25 special meeting on the controversial Trading Among Farmers scheme. The vote is the second time the Fonterra board has sought support from the cooperative dairy exporter's members to allow the creation of tradeable, dividend-bearing, non-voting investment units that will give non-farmer investors exposure to Fonterra's earnings for the first time. A previous mandate was gained in June 2010, but did...

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