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30 Sep 2020 15:46
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  •   Home > News > Rural

    The Agriculture Minister says improving the performance of Fonterra is in everyone's interests

    The Agriculture Minister says improving the performance of Fonterra is in everyone's interests


    Fonterra
    Fonterra
    Submissions on the Dairy Industry Restructuring Act close today.

    The diary giant wants an end to the 'open entry' law, which means it has to accept milk from all shareholding farmers in its collection area - while its competitors don't.

    Damien O'Connor says dairy farmers have a product that's valuable for 48 hours - and then it becomes worthless.

    He says open entry protects farmers, but Fonterra needs to be able to compete.

    He says it's New Zealand's biggest company and needs to be supported, not undermined.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
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     19 Sep: An agricultural economist is relieved to see Fonterra back in the black
     18 Sep: Fonterra's boss says the company is on the home straight - when it comes to debt and earnings
     18 Sep: Good news for dairy farmers - and the economy
     11 Sep: An independent review has warned about the pitfalls of social media after a dairying couple were stripped of their Share Farmers of the Year title
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