News | Rural
28 Sep 2020 8:39
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  •   Home > News > Rural

    The Agriculture Minister says improving the performance of Fonterra is in everyone's interests

    The Agriculture Minister says improving the performance of Fonterra is in everyone's interests


    Fonterra
    Fonterra
    Submissions on the Dairy Industry Restructuring Act close today.

    The diary giant wants an end to the 'open entry' law, which means it has to accept milk from all shareholding farmers in its collection area - while its competitors don't.

    Damien O'Connor says dairy farmers have a product that's valuable for 48 hours - and then it becomes worthless.

    He says open entry protects farmers, but Fonterra needs to be able to compete.

    He says it's New Zealand's biggest company and needs to be supported, not undermined.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     25 Sep: First there was Shrek the wooly sheep and now there's Mrs Gizzy Shrek
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     18 Sep: Good news for dairy farmers - and the economy
     11 Sep: An independent review has warned about the pitfalls of social media after a dairying couple were stripped of their Share Farmers of the Year title
     06 Sep: Fonterra is lending crucial equipment to help New Zealand find a Covid-19 vaccine
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