Global Co: Why Not Inform Farmers Properly?

MEDIA RELEASE

By Farmers for a Better Dairy Deal

6 June 2001

Global Co: Why Not Inform Farmers Properly?

“Mr John Roadley’s refusal to inform farmers properly of the alternatives to Global Co is disappointing but not surprising”, said Mark Masters today on behalf of Farmers for a Better Dairy Deal.

The Chairman of Global Co made it quite clear today on the radio this morning that he has no intention of allowing Global Co to send the ‘Better Options’ to NZ dairy farmers.

“Despite Mr Roadley’s attempt to dismiss the Better Options, the analysis is highly credible. Indeed, it’s uses the same advice that the dairy leaders were given three years ago and have doggedly decided to ignore”, said Mr Masters.

“There is a strong moral and may be even a legal argument to say, Global Co should ensure that farmers have all the relevant information in front of them before voting.”

We are checking now on the legal duties on the directors that apply in this situation.
“We’ve simply putting out material that Global Co’s leaders have been sitting on for three years”.

“It’s pretty obvious that they don’t want farmers to see it – because it debunks their claims about Global Co”.

“This is sadly short sighted”, said Mark Masters.

“Judging by the feed back we are getting from farmers, it is obvious that farmers have not been sufficiently informed as to why our leaders gave Global Co the nod ahead of a two co-op option, which McKinseys found was $300 million better.”

“Also, farmers deserve an explanation as to why the “must do” conditions laid down by McKinsey’s have not been met”, insisted Mr Masters.

McKinsey’s were very explicit that unless all the conditions were met, a mega co-op would be worse by $800 million per year.”

Mr Masters concluded by asking, if his group were wrong in their assertions, what does Mr Roadley have to lose by distributing the McKinsey report?

ENDS

Inquiries to:
Mark Masters (06) 765 7544

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