Fonterra farmers respond to $400,000 pay day
Repaying debt, buying new farm machinery, splashing out on a holiday or even purchasing a classic Hilux. Those are some of the ways Fonterra's farmer-shareholders plan to spend Tuesday's major capital return. Farmers have received an average $400,000 each for their share of the sale of the company's consumer brands to French company Lactalis. Anna Sargent reports.
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