NEW ZEALAND – Federated Farmers has welcomed the 89.51 per cent vote in favour of constitutional safeguards around Trading Among Farmers (TAF).â€œWe can finally put the ghost of Juneâ€™s TAF vote to bed where the concept was backed but not the constitutional safeguards,â€ says Willy Leferink, Federated Farmers Dairy Chairperson.
â€œA 89.51 per cent vote is nearly as comprehensive as you can possibly get and Fonterra shareholders have shown good judgement.
â€œI think the focus of Fonterra shareholder-farmers can turn back to farming. The cooperativeâ€™s board and management now have all of the tools they said they needed. The strength of this vote today needs to be taken on board by directors.
â€œSpeaking of directors, we congratulate John Wilson and Professor Nicola Shadbolt being returned as directors. We also look forward to working with Blue Read after his election to Fonterraâ€™s board.
â€œAs chairman, John Wilson now has a clear mandate with the baton firmly passed onto him from Sir Henry van der Heyden.
â€œWe also wish to pass on our congratulations to the newly elected shareholder councillors too. This includes my immediate past Federated Farmers Dairy vice-chairperson, Robin Barkla, as well as the immediate past Southland provincial dairy chair, Vaughan Templeton.
â€œFederated Farmers wants Fonterra to be a success but we also want that for Westland, Tatua and companies like Miraka, Synlait and Open Country Cheese. In fact, the entire New Zealand dairy industry,â€ Mr Leferink concluded.
Source: The Dairy Site