Our co-op gallops towards the wide blue yonder blindfolded

Me (whispering): “You need brain surgery”

You: “Huh?”

Me (a little louder but still almost inaudibly): “You need brain surgery. Tomorrow.”

You: “Wha…why?”

Me (with great confidence): “Because I am a brain surgeon and it will make you better in every way.”

You: “What do you mean?”

Me: “Look, if you keep on like that, you’ll never get anywhere.”

You: “What is this surgery?”

Me: “I haven’t yet decided on the details but I am a surgeon and you would do well to respect my expertise. In any case, I will have finalised the details by tomorrow. If you have any more questions, you’ll have ample opportunity to ask them on the way to theatre. Thank you for your interest and attending this consultation.”

Our co-op, MG, is rushing onwards with a “capital raising project” that would forever change it from being 100% farmer-owned to “farmer-controlled”. It’s one of the biggest changes in the co-op’s history.

It might well be wonderful but what’s certain is that the ramifications are complex. It’ll take time for us to:

  • understand why we really need to raise half a billion dollars of external capital
  • understand the proposal
  • tease out the pros and cons
  • consider the alternatives and
  • debate it.

Our Kiwi counterparts took five years to make such an important decision about their co-op. We seem hell-bent on doing it in weeks. Why?