News | Rural
19 Aug 2022 13:36
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  •   Home > News > Rural

    The fate of Fonterra farmers is in the hands of Agriculture Minister Damien O'Connor

    The fate of Fonterra farmers is in the hands of Agriculture Minister Damien O'Connor


    Fonterra
    Fonterra
    The co-op's farmer shareholders have voted to support a change to its capital structure, which would reduce the number of shares needed to join, and discourage farmers from selling extra shares to non-farmers.

    NZME's Rowena Duncum says the system needed change but they still have to get past O'Connor, who's been cold to the idea.

    However, she isn't sure how one man against 85 percent of Fonterra shareholders is going to stack up.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     24 Jun: Farmers says a stock control bylaw being proposed by the Tasman District Council, will be impossible for farmers to comply with
     23 Jun: Fonterra has lifted its Farmgate Milk Price to a new record high
     22 Jun: Dairy prices have dipped 1.3 percent at the latest Global Dairy Trade auction overnight
     17 Jun: Fertiliser co-operative Ballance say they are beginning to produce their own fertiliser
     08 Jun: Fonterra is buying back 50 million dollars' worth of its own shares
     08 Jun: Fonterra has announced a 50-million dollar share buyback
     08 Jun: Dairy prices have risen in the first Global Dairy Trade auction of the new season
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