Better farming than on board?

Colin Armer’s resignation from Fonterra’s board was unexpected.

One possibility is that he stood for chair and when he was unsuccessful decided his time and undoubted business acumen were better used elsewhere.

He epitimises what the New Zealand dairy industry is about. He is a master at running low cost farms to maximise the natural advantages of our pasture based systems.

He has demonstrated that with hard work and ability it is possible to start with nothing and succeed. He bought his first farm when he was 19 and he and his wife Dale are the country’s largest dairy farmers.

In spite of complaints about the high price of land, this is a model which still works for aspiring farmers.

The NBR has a brief biography here.

4 Responses to Better farming than on board?

  1. Meg says:

    A little concerning for shareholders, there aren’t many co-operative minded people left on the board now..John Wilson is very much in favour of floating the company in future. This will leave some shareholders feeling fairly uneasy.

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  2. homepaddock says:

    Meg – the board can’t do anything like that without shareholder approval and few if any shareholders would countenance a float.

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  3. Gravedodger says:

    Clearly a good “team man”, till his peers chose a lesser man for the position he knew he should have occupied.
    Not the sort of reaction I would want from someone who thought he had something to offer his fellow shareholders.
    His second name wasn’t Giteau was it.

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  4. Meg says:

    @ Ele- Of course, however if the board and the shareholders are marching to a slightly different beat this could be problematic. The shareholders council need to be very robust in future.

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