A supply offer enabling Fonterra farmer shareholders to sell
the economic rights of some of their shares will open today.
They will have the opportunity to offer to sell the economic
rights of up to 25% of their minimum required shares (wet
shares) to the Fonterra Shareholders Fund.
Details of how the Invermay campus will be affected by
AgResearch's proposal to invest $100 million in facilities
and resources over the next four years have not yet been
finalised.
Wayne McNee has resigned as head of the Ministry for Primary
Industries to become chief executive of dairy farmer
co-operative Livestock Improvement Corporation.
Beef and Lamb New Zealand chairman Mike Petersen believes the
adoption of tradable slaughter rights could deliver the
behavioural change required to get the red-meat industry
''functioning better''.
Half of New Zealand's sheep and beef farmers consider their
business to be ''just viable'' or unviable, the latest
quarterly Rabobank rural confidence survey has shown.