Why Fonterra’s farmers should be wondering what the Irish can teach us

It’s a critical  week for   the country’s largest company,  Fonterra, which has to find a new direction  after shipping out its  chief executive, Theo Spierings, writing off  more than  $1.5bn from its balance sheet, and posting its first loss  in its  17-year  history.

Meanwhile,  back  on the farm,  Fonterra’s suppliers  are  absorbing  payout  downgrades  as  well as a slump  in  dairy farm  prices. At the  same  time  they are  seeing  the valuations  of other companies in the dairy industry—notably  A2 Milk and Synlait— soaring  on  the  NZ  sharemarket.

So  they’ll be looking  to Fonterra’s  leaders  for  some  fresh ideas  on  how to  turnaround the fortunes of the  big  co-op. Continue reading “Why Fonterra’s farmers should be wondering what the Irish can teach us”