Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Employers Back Sharemilkers Owning Shares

SHAREMILKER EMPLOYERS BACK SHAREMILKERS OWNING SHARES

Federated Farmers' Sharemilker Employers' Section supports sharemilkers owning shares in dairy companies, news that has encouraged the Sharemilkers' Section.

The Sharemilker Employers' Section (SES) has endorsed the Dairy Industry Establishment Board Sharemilker Working Party model for sharemilkers owning shares.

The Sharemilkers Working Party was formed last year to investigate sharemilker issues associated with the MergeCo proposal, and was representative of all industry stakeholders.

"The Working Party's model for sharemilker shareholding should not be made redundant along with the Merge Co proposal. Both the Sharemilker Employers' and Sharemilkers' Section firmly believe that sharemilker shareholding, as proposed by the Working Party, should be adopted by all dairy companies," commented Sharemilkers' Section Chair Conall Buchanan.

"The Employers' Section share our view that sharemilkers owning shares will bring benefits to current suppliers. It's great that both Sections are moving forward together on this issue."

"Based on the Working Party's model, sharemilkers holding shares will be no threat to current suppliers as it would only occur with the farm owner's consent."

"It will be very beneficial to suppliers. For instance, a sharemilker may wish to increase production but the farm owner may not wish to put up the capital necessary for the extra shares. The sharemilker could assume responsibility for the extra share purchase - a win-win situation."

"I am confident that progressive dairy companies will see the sense in sharemilkers holding shares and will adopt the recommendation very soon," concluded Mr Buchanan.

ENDS For further information: Conall Buchanan 07 867 7880 Jim Ross (Employers' Section) 07 856 8823

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Federated Farmers: NAIT Levy Increases Must Achieve Accurate, User-friendly System
Nobody welcomes extra costs but if OSPRI is to catch-up on under investment in the NAIT platform and deliver on its workability and farmer support, levy increases are probably necessary, Federated Farmers says... More>>



Westpac: More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued

The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 lockdown in 2020. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise in the index has largely been driven by perceptions... More>>




Statistics: Card Spending Continues To Increase As COVID-19 Restrictions Ease

The busy Christmas period combined with easing COVID-19 restrictions helped to increase card spending in December 2021, Stats NZ said today... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>


Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>