Fonterra has claimed in its annual meeting that the position of its balance sheets is in best possible shape. This was said during the annual general meeting where it also said that its sustainability record still needs some more work.

Talking about the foreign investment within the country, CEO of the co-operative, Andrew Ferrier said that by no means control of the farms and the productive resources should be given away. Not even if foreign investment is needed.

He said that there was nothing wrong with a certain degree of foreign investment in New Zealand but it is through its farms and fertile land that New Zealand has competitive advantage.

In an interview given to NZI Business, Ferries advised that is in best interest of the nation if majority of land is kept with the Kiwi. "Every country protects certain precious resources and I think New Zealand has to think of farmland that way."

On China lending he said that they are doing so since they control the land and the resources.

About Fonterra, Ferrier seemed more confident than not. He proudly said that they have all the ability to convert milk into value added product which was next to no one in the world.