Solid third quarter result for Fonterra
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
New Fonterra Co-operative Council chair John Stevenson says there are plenty of challenges ahead for Fonterra farmers.
The Wairarapa farmer, who took over the chairmanship at the co-op's annual general meeting last week, says he's looking forward to the challenge.
"There are plenty of challenges ahead: our co-op is in a strong position and it's important our farmers have a voice," he told Dairy News.
"I'm excited with this opportunity to represent farmers."
Stevenson replaces James Barron who retired after three years in the role.
He was first elected to the council in 2017 from the Wairarapa ward. A fifth generation dairy farmer, he has been milking cows on the family farm for 12 years.
Stevenson owns two farms: a 1,000-cow farm in Carterton and a 500-cow farm in Masterton.
He is currently chair of the council's accountability committee. He was part of the DIRA working group in 2018-9 and currently serves as a council's representative on the board's co-operative relations committee.
Farmers appear to be backing the Government's recent Resource Management Act (RMA) reforms announcement.
For the first time, all the big names in agricultural drone technology are being brought together under one marquee at the National Fieldays.
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
The Fieldays Innovation Awards competition has attracted a diverse and impressive array of innovations from across the primary industries, highlighting the growing importance of technology shaping the future of farming.
Coming to the fore following the carnage of Cyclone Gabrielle, Starlink became well known for providing internet access even in NZ's most inaccessible places.
From this winter farmers will have a greater choice of feed types and blend options than ever before, thanks to Farmlands' purchase of animal nutrition company SealesWinslow.
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