Fonterra’s farmer suppliers have voted in support of changes which aim to make it easier to join the co-operative, while maintaining farmer ownership amid falling milk supply. 85 per cent of farmers voted in favour at the special meeting in Invercargill, with 75 per cent required to get it over the line. The successful farmer vote follows the tick of approval from Fonterra’s co-operative council, the elected national body for shareholders, which last month voted 92 per cent in favour. Agriculture Minister Damien O’Connor says the Government will now work with Fonterra to make sure that all boxes are ticked.
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