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.

LISTEN ABOVE

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.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

John Stevenson: Fonterra Co-operative Council Chair says farmers are thinking long term

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c3aee213-3068-4ec0-af21-b3850133b3b0/transcript

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