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ASB BUYS NOTES  |
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| (Updated 25/05/13 07:23) | ||
| GLOBAL DAIRY TRADE | |
| Change in GDT-TWI index -2.1% | Average Winning Price (USD/MT, FAS) 4,549 |
| From Trading Event 92 held 15/5 | |
By: Farming Show staff | Rural News |
Farmers opposed to Fonterra’s Trading Among Farmers scheme are lobbying MPs considering its legislation to examine its risks.
The TAF scheme, set to be launched by Christmas, will allow farmers to cash in their shares by selling the dividend rights to other farmers or investors through a shareholders fund.
But the Our Co-op group is calling on Parliament to clarify what it says are glaring ambiguities.
It says the Dairy Industry Restructuring Amendment Bill makes it unclear who is liable to repay investors if TAF is wound up.
The group claims Fonterra’s balance sheet is at risk should the law make it liable for repaying investors.
Related Subjects
fonterra | TAF | trading among farmers |
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