Dairy farmers | Fonterra CFO pleased with govt support, albeit with conditions

Fonterra is happy to comply with government conditions on its capital rejig.

The Dairy Industry Restructuring Act needs to be changed but the Government wants one more minister on the Milk Price Panel for more transparency.

Fonterra would need to contract a financial institution for the farmer-only share trading market – and do independent analysis of the share price performance for farmer-owners.

The company’s chief financial officer Marc Rivers told Mike Hosking he’s pleased there’s government support, albeit with a few conditions.

He says farmers’ voices were clear in December, with a strong vote for flexible shareholding.

Look also

Dairy farm spend on compliance hits €17,000

This is on top of an investment of €18,060 for extra soiled water storage and additional calf housing over the past ten years, based on a typical 100 cow dairy farm.

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Topics |
Dairy farmers, Dairy industry, Dairy prices, Dairy Processors, Dairy production, Farmers, Fonterra, Government

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