By James Munyeki
In a meeting attended by Minister for Co-operative Development and Marketing Joseph Nyagah, farmers said they will lose control over the company, which they have always owned under Government trust.
“We must get 51 per cent and above to enable us have a say in the company,” said Nderitu Muchemi, a farmers’ association chairman.
He added that 20 per cent of the shares would go to the Government because it will be facilitating trainings and also make intervention during milk glut season.
The farmers, however, upheld the decision to have Government own 20 per cent of the shares, saying its presence will boost company image, trust among farmers and their partners and enhance security of their investment.
“We also don’t have any problem with the employees owning four per cent of the shares since they are our partners in business,” said chairman Nderitu.
Nderitu proposed that shares should be sold to co-operative societies, groups and individuals, adding that even farmers without money should be given forms to fill, then their shares purchase fees will be deducted from their milk proceeds.