Don't think this one's for me - the 'dividend' will be less certain than interest payments but the units are going to price for a yield less than bonds. Why buy these over bonds? They're not shares in the business so where the growth coming from? Higher commodity prices will flow to farmers in the form of milk payments right? So the upside, I suppose, is in growing the consumer branded business, or the specialised product side of the business? Fonterra management have not shown they can do this on a scale that's going to shift the needle for investors. Don't think this one's for me. But I'm just a farmer.