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 Now AWB has to deliver: NSW Farmers 

Now AWB has to deliver: NSW Farmers

05 Sep, 2008 11:20 AM
The NSW Farmers' Association has put the AWB on notice that, having won the vote to reform its share structure, it now has to deliver on promises of a more competitive company.

At the adjourned shareholder meeting this week, AWB A class shareholders (growers) voted in favour of the reform resolution proposed by the majority of the AWB board to create a single share holding system.

But NSW Farmers' Association Grains Committee chair, Richard Clark, says the company must now deliver strong prices in return.

"Given the claims by the company leading up to the vote, that a yes vote would result in a more competitive company, we expect to see strong prices and attractive marketing options for growers in NSW this year," he said.

"A strong and united company is essential if AWB is to be competitive this harvest, and we hope this outcome will allow the company to move forward."

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There is every chance now that AWB will be broken up and sold and any promises made to growers will evaporate. Part of AWB may also do a merger and as a new entity will no longer have to honour its promises. I look forward to the reaction from VFF and SAFF - I do not expect much contrition though if a conversation I had with Mr Nalder of VFF is any indication where he said that AWB has the right to do as it likes.
Posted by Jock, 8/09/2008 7:57:52 AM
Richard Clarke has fairies at the end of his garden. As if AWB is going to listen to him.
Posted by Bring back cole, 10/09/2008 8:37:49 PM

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