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dairymannz.bsky.social
DairymanNZ
@dairymannz.bsky.social
1.9K followers 1.4K following 730 posts
Rainfall is measured in mm, not ml! Some posts are pure BS. Dairy farmer, Ashburton, NZ.
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dairymannz.bsky.social
DairymanNZ @dairymannz.bsky.social · 16h
They were awful
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dairymannz.bsky.social
DairymanNZ @dairymannz.bsky.social · 17h
His air force transport being nicknamed "Spud One" is a close second
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DairymanNZ @dairymannz.bsky.social · 17h
To me, Jim Bolger's legacy will always be how he prevented NZ from becoming a nuclear superpower by declining the offer of a nuclear submarine as payment for butter

www.theguardian.com/world/2013/o...
Missiles for milk: how Russia offered NZ military hardware to settle dairy bill
Former PM Jim Bolger 'absolutely stunned' to be offered a nuclear sub and two MiGs in lieu of money, new book reveals
www.theguardian.com
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DairymanNZ @dairymannz.bsky.social · 9d
It's been a pretty average spring so far, things can only improve
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DairymanNZ @dairymannz.bsky.social · 9d
NZ average is 400 cows. Run off blocks will have yearlings on them ready for mating, and in another couple of weeks, this season's weaned calves calves will arrive
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dairymannz.bsky.social
DairymanNZ @dairymannz.bsky.social · 20d
SCANDALOUS
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DairymanNZ @dairymannz.bsky.social · 20d
None of that $16.2 billion comes from the brand sale
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DairymanNZ @dairymannz.bsky.social · 24d
They should've asked Adrian where he put them before he left
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DairymanNZ @dairymannz.bsky.social · 25d
Or is it breakfast?
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DairymanNZ @dairymannz.bsky.social · Sep 5
It watches while you charge someone else's phone #CUKTECH
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DairymanNZ @dairymannz.bsky.social · Sep 5
Don't mention the podium of 🤫
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DairymanNZ @dairymannz.bsky.social · Sep 5
I mean, if you don't like this proposal, which will have absolutely no impact on you at all, then don't vote for it at the special meeting. Oh, wait...
dairymannz.bsky.social
DairymanNZ @dairymannz.bsky.social · Sep 5
But thank you for reinforcing the point that the response to this has been overwhelmingly driven by emotion
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DairymanNZ @dairymannz.bsky.social · Sep 5
🤦if the bottom line improves, more tax is paid...
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DairymanNZ @dairymannz.bsky.social · Sep 5
We are a tiny country with a tiny population that produces about 2% of the world's milk. As a Fonterra supplier, I'm very happy to see the continuation of a successful strategy that brought us back from the brink of collapse
dairymannz.bsky.social
DairymanNZ @dairymannz.bsky.social · Sep 5
As a farmer owned cooperative, that's exactly who should be centred in the conversation.
The article addresses two things: the sound economic rationale behind the divestment and the mistaken assumption by commentators that retail is the only avenue for value add.
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DairymanNZ @dairymannz.bsky.social · Sep 5
Omg, you really didn't read it did you? This is good *precisely because of that cyclical nature*
It's about generating returns when farmgate milk price drops
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dairymannz.bsky.social
DairymanNZ @dairymannz.bsky.social · Sep 5
It's exactly the opposite of short-term lazy thinking, it's locking in profitability for the long term. Show me another NZ company that is paying, and forecasting, 11% dividends
dairymannz.bsky.social
DairymanNZ @dairymannz.bsky.social · Sep 5
Fonterra have said for many years they're not the best people to grow the brands beyond New Zealand. RoC for brands is well below the cost of money, they are far better off investing in what they do well than pouring more capital in. Consolidation is a smart strategy, expansion nearly killed them
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DairymanNZ @dairymannz.bsky.social · Sep 5
President of Peace
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DairymanNZ @dairymannz.bsky.social · Sep 5
And if the new owners *do* make it more profitable, excellent! The tax on that increased profit will still be paid in NZ
dairymannz.bsky.social
DairymanNZ @dairymannz.bsky.social · Sep 5
That's the point, it's not that profitable, or it wouldn't have been up for sale. At $200m profit per year from consumer brands (and I'm being generous because it has in the past lost money) it would take a very long time to equal the capital injection NZ will receive from its sale
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DairymanNZ @dairymannz.bsky.social · Sep 4
Fonterra will still make butter, for example. How is that not owning the capability to add value? Whey, a by-product of cheese making, used to be dumped. Now it's turned into whey protein concentrate and isolate, which are more valuable than the cheese itself. How is this not value add?
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DairymanNZ @dairymannz.bsky.social · Sep 4
Seems like you didn't read the article or, if you did, failed to grasp that value-add =/= retail
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DairymanNZ @dairymannz.bsky.social · Sep 4
Fonterra’s sale of Anchor, Mainland and Kāpiti to a French dairy giant, explained | The Spinoff share.google/dEpzFsK83Nv3...
Fonterra’s sale of Anchor, Mainland and Kāpiti to a French dairy giant, explained
What’s the big deal, and how locally owned are our dairy aisles anyway?
share.google