John Stevenson: Fonterra Co-operative Council Chair says farmers are thinking long term
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
The Fonterra Shareholders Council says farmers are taking a long-term view when deciding whether to sell off brands like Anchor and Mainland.
Voting closes today, on a proposal to sell Fonterra's consumer arm to French company Lactalis for 4.2 billion dollars.
Fonterra's targeting a capital return of about 400-thousand dollars to the average farmer.
But Council Chair John Stevenson told Mike Hosking that farmers are thinking well beyond short-term benefits.
He says farmers are also thinking about their long-term livelihoods, as they'll be continuing to supply milk well after any capital return.
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