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Farmers Poised For Fonterra Vote

Fonterra’s capital restructuring plan goes to the vote on Wednesday, with farmers set to decide the future of New Zealand’s largest company.

Both Fonterra and representative farming groups expect the restructuring plan to pass, which will allow farmers to trade shares among themselves.

As voting day looms, Federated Farmers Dairy Chairman Lachlan McKenzie is urging farmers to have their say.

The Trading Among Farmers proposal is a special vote, and needs 75% support to pass.

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