Fonterra announced it’s capital restructuring plan. Now the farmers will get a chance, maybe if they are not too busy on their farms, to attend a meeting to discuss the plans. This process is one of the most important facing NZ in the near future, up there with ETS consideration. This is arguably our largest and only truly NZ private company. Its success is our success. In a low payout year with high debt levels already, Fonterra’s ability to raise capital internally could not be proposed at a worse time for many farmers. I hope they can but I have concerns that the ultimate outcome of the restructure is the inevitable float of Fonterra on the open market. Who then might get to control of our biggest company and second biggest export earner next to tourism??? Sir Henry Van der Hayden should have an inkling having served on the board of NZX until recently. I’m sure he can see the danger looming.