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Bonlac dairy suppliers expect higher returns
20 Jun 2005
The average dairy farmer supplying Bonlac could be about $9000 to $10,000 a year better off annually under the proposed take-over by Fonterra. Bonlac Supply Company said shareholders could expect better returns from Fonterra, after not receiving a dividend in recent years. Fonterra already owns 50pc of Bonlac, but will need the permission of Bonlac's 1500 farmer shareholders to acquire the rest. Dividends from these capital notes and milk prices will at least match other companies' milk prices.
The Land, 20/06/05
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