Posts Tagged ‘TAF’

Fonterra’s restructure more about poor strategy than milk price

August 6, 2015

When Fonterra was formed back in 2001, there was a great sense of optimism about the potential for a New Zealand dairy company to compete on a truly global scale. The industry’s infighting and parochialism would be a thing of the past and the clear intention was to use the greater efficiencies and scale to create a substantially better performing business model. (more…)

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Mymilk likely to get up noses of Fonterra shareholders

December 13, 2014

Fonterra has launched a new company called mymilkTM which is specifically designed to attract supply from South Island dairy farmers who don’t currently supply Fonterra. The website says it’s cooperative, but that’s a bit hard to see when the supplier has no obligation to buy any shares within five years and only has to sign a one year contract. (more…)

Trading Among Farmers reality at last

November 5, 2012

The day when outside investors can apply for units in the Fonterra Shareholders Fund to be listed on the NZX and ASX has arrived at last. Getting to this point has been a long and tortuous process during which Fonterra has consulted its members, finally gaining the required majority vote in favour of establishing Trading Among Farmers (TAF). (more…)

Fonterra’s progress on TAF like wading through quicksand

May 3, 2012

 

The process of getting farmer and legislative approval for the introduction of Trading Among Farmers must seem frustratingly slow to Sir Henry van der Heyden, directors and management of Fonterra. They have been working on it for almost two years now and even got just under a 90% vote from shareholders in favour of it when it was last put to the vote in June 2010. (more…)