Fonterra's management has urged its farmer/shareholders to approve plans to make its stock tradeable among themselves, freeing up capital for new investments.
Farmers are meeting at key locations around the country today to consider the 'Trading Among Farmers' proposal, which would end Fonterra's obligation to redeem or issue shares tied to production or to pay out those leaving the industry.
Redemptions expose the cooperative to potentially hundreds of millions of dollars of risk each year.
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