7 May 2021

Fonterra planning financial revamp

From Morning Report, 8:41 am on 7 May 2021

Fonterra is planning a major revamp of its financial structure, and wants farmers to have a direct say over what that looks like.

The dairy giant announced an overhaul of its capital structure on Thursday, aimed at balancing farmer ownership, milk supply, and securing its financial future. Just what the overhaul looks like is far from certain, with a number of options on the table.

Chairman of the Co-operative Council, James Barron, and Fonterra supplier, diary farmer John Gregan based in South Canterbury spoke to Corin Dann.