Only 1.15% of farmers agree with Winston

Winston has been hugely critical of the decision by Fonterra to sell its Mainland consumer brands business to Lactalis for $4.22 billion.

I am not an expert in the dairy trade, supply chains or marketing. So I don’t know if it was a good decision or not.

But what is relevant is this was not a decision by the Fonterra board. It was voted on by thousands of dairy farmers up and down NZ. And it was backed not by 51%, or 60% or 70% or even 80% or 90% but by a massive 98.85%.

The farmers are those with skin in the game. They made the decision. I trust their ability to know what is good for them, more than a politician.