Fonterra’s Shareholders Council has written to farmers to remind them they will be closely examining Fonterra’s Trading Among Farmers proposal.

In recent weeks a number of Fonterra farmers have been raising concerns about the capital raising vehicle TAF and changes that have occurred to it since farmers voted in favour of the scheme in June last year.

Shareholders Council chairman Simon Couper told Country 99TV that the council will make sure farmers keep control of the cooperative.

"What we’ve done is we’re just articulating to shareholders the process going forward.

"We’ve always signalled to the Board that we need six weeks to see the final document, the final structure, the final proposal before it went to parliament, so we could consult on it, see that it was going to be adequate and do the right job. And retain ownership and control for farmers." 

Mr Couper says the council wrote to shareholders as they’re eager to know what is going on with TAF, and where the Shareholders stand on TAF.

"Well there’s been a lot of questions from the supplier base , shareholder base, as to where the council is on this matter and this is just a clear articulation of it."