Apocalypse Cow: Why has Fonterra failed?

Can Fonterra survive -- and should policy makers even care? Industry commentator Peter Fraser explores why the one stop dairy shop dream is over.

Apocalypse Cow: Why has Fonterra failed?

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Event type: Public Lectures

28 June 2019 from 12.30 pm - 1.30 pm 28th Jun 2019 12:30pm 28th Jun 2019 1:30pm

Old Government Building Lecture Theatre 3 (GBLT3)

Fonterra was established by Parliament in 2001 with the vision of being New Zealand's Nokia -- a national champion with size and scale to ‘take on the world and win’. Almost two decades later, those expectations have not materialised -- and with the sale of businesses like Tip Top it is unlikely they ever will be.

Industry commentator and guerrilla economist Peter Fraser explores why the Fonterra dream is over, and what a much-needed industry reset should look like. After the collapse of farmer-owned dairy cooperatives Westland Milk Products and Murray Goulburn, can Fonterra survive -- and, from a public policy perspective, should decision makers even care?

  • Speaker: Peter Fraser is a Wellington-based economist (and paroled public servant). In previous lives Peter has worked for a myriad of Government departments and agencies, including the Treasury and MAF Policy (now MPI).  Peter is interested in everything, but current interests include dairy industry and irrigation issues; where he has advised clients ranging from independent dairy companies to NGOs.