this post was submitted on 30 Oct 2025
14 points (100.0% liked)

Aotearoa / New Zealand

2010 readers
16 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

Rules:

FAQ ~ NZ Community List ~ Join Matrix chatroom

 

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 2 years ago
MODERATORS
Dave@lemmy.nz
RaoulDuke@lemmy.nz
14
Farmers vote to sell Fonterra's Mainland, Anchor brands (www.rnz.co.nz)
submitted 2 weeks ago by Dave@lemmy.nz to c/newzealand@lemmy.nz
9 comments fedilink hide all child comments
 

Fonterra's farmer shareholders have voted overwhelmingly in favour of the sale of the brands like Mainland and Anchor to a French company.

More than 88 percent of the votes cast at a special meeting backed the $4.2 billion sale to French dairy giant Lactalis.

ASB Bank estimated the sale proceeds would ultimately be worth about $4.5b to the economy, with farmer shareholders receiving an average tax-free payout of about $392,000 if the sale went ahead.

The sale to the world's biggest dairy group, French-based Lactalis, is the final step in Fonterra's transition to a slimmed-down New Zealand-based supplier of raw ingredients and high-value products to other manufacturers.

you are viewing a single comment's thread
view the rest of the comments
[–] TagMeInSkipIGotThis@lemmy.nz 4 points 2 weeks ago (1 children)

https://www.fonterra.com/nz/en/flexible-shareholding/supply-fonterra.html

You have to eventually hold 33% of your 3-season average milk supply in shares. And you have 6 years to get to that level of holding.

I can't find an easy guide to work out what that actually works out to in money for a typical farm. I think there are Fonterra shares on the NZX but I don't know if they're the same as what the farmer's hold.

[–] Dave@lemmy.nz 1 points 2 weeks ago

Ah thanks. So farmers have to hold 33% of what they supply (measured in dollars of milk to value of shares I guess??), but can hold up to 4x.

So the average payout might be $400k, but it's likely new farmers or those struggling will get much less, and the wealthy successful farmers that could afford to buy more shares will get a lot more.