Ringing in TAF

The launch of Fonterra's new TAF market on the NZX will be heralded with a specially commissioned giant cow-bell

Rural News

The launch of Fonterra's new TAF market on the NZX will be heralded with a specially commissioned giant cow-bell

28th Nov 12, 3:34pm by David Chaston

A giant cow bell, crafted especially for the occasion, will be used to ring in the launch of Trading Among Farmers on the NZX at Fonterra’s Darfield site on Friday.

The ringing of a bell is the traditional way to open financial markets and is still used around the world to open and close daily trading.

Fonterra Southern Operations Engineering Manager, Greg Millane says the large stainless steel bell was based on an old cowbell and was commissioned with the help of Fonterra’s team at its Edendale manufacturing site.

"Friday will be an exciting day for Fonterra. While the official launch will be held at Darfield, the Edendale team wanted to get involved and help our Canterbury colleagues celebrate the start of trading in style."

"Being Fonterra, we couldn’t look past a traditional cow bell, but we increased the size just a little to note the importance of the event," says Greg.

Southland-based farmer and Shareholders’ Councillor Philip van der Bijl has been chosen to ring the bell at midday on Friday as part of the opening.

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This story was supplied by Fonterra.

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6 Comments

by Andrewj | 29th Nov 12, 6:27am 1354123658

Its symbolic. Come on farmers its time for milking. Its so even the most confused, get the picture.

by Colin Riden | 29th Nov 12, 6:24pm 1354166677

No Andrew. Fonterra suppliers have already been stripped. It is now time for others to be milked.

by Andrewj | 29th Nov 12, 6:27pm 1354166840

Colin you are the Fonterra expert, what are the shares worth?

by Andrewj | 29th Nov 12, 6:43am 1354124593

Im a practicing Stoic

The Stoics believed that knowledge can be attained through the use of reason. Truth can be distinguished from fallacy; even if, in practice, only an approximation can be made. According to the Stoics, the senses constantly receive sensations: pulsations that pass from objects through the senses to the mind, where they leave an impression in the imagination (phantasia). (An impression arising from the mind was called a phantasma.)^[16]

Make for yourself a definition or description of the thing which is presented to you, so as to see distinctly what kind of a thing it is in its substance, in its nudity, in its complete entirety, and tell yourself its proper name, and the names of the things of which it has been compounded, and into which it will be resolved. For nothing is so productive of elevation of mind as to be able to examine methodically and truly every object that is presented to you in life, and always to look at things so as to see at the same time what kind of universe this is, and what kind of use everything performs in it, and what value everything has with reference to the whole.

—Marcus Aurelius, Meditations, iii. 11.

by Andrewj | 29th Nov 12, 7:01am 1354125705

When The Fed intervenes it says it is trying to depress interest rates but in fact the opposite happens.

Why? Because interest rates are the time-value of money including the expected devaluation. When you raise that figure rates go up.

In addition credit and currency are fungible.

Peter has long argued for "coming hyperinflation." He's been dead wrong. He's wrong because the inflation already happened through the issuance of bogus credit.

Doubt me? What do you call stock prices going up by a factor of 14 over the last 30 years?

http://market-ticker.org/akcs-www?post=214365

by Jaffa Boy | 29th Nov 12, 8:58pm 1354175935

Andrewj

fonterra units are worth what buyers want to pay