Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
A long-time anti-farming newspaper columnist is facing backlash on social media for falsely implying last year that former Fonterra chairman John Wilson was faking ill-health.
Facebook and Twitter users are urging Rachel Stewart to apologise to Wilson’s family; some are calling on NZ Herald to sever ties with the deliberately antagonistic columnist.
Wilson died last week and was farewelled by his family and friends at the weekend in Hamilton.
After Wilson had stepped down as Fonterra chairman in July last year citing health reasons, Stewart tweeted that “I’m confident that John Wilson is in fine fettle, and his ‘health scare’ was an excuse to slip quietly out the back door of Fonterra. Can anyone prove me wrong?”
Following Wilson’s death, Stewart’s original tweet resurfaced with calls for her to apologise to Wilson’s family.
Stewart, known for her anti-farming views, tweeted last week, “Turns out John wasn’t in “fine fettle” - but neither was Fonterra at the time. Before his deification gathers full steam, who do I make my unreserved apology out to?”
However, there was no apology from Stewart on Twitter.
Taranaki farmer and avid social media user Mathew Herbert urged her to start with Wilson’s family.
“They’ve lost a husband, father, brother and on the day you were asking to be proven wrong they were dealing with learning he probably wouldn’t live much past Christmas,” he replied to Stewart.
Lawyer Emma Marr was scathing in her reply.
“Have you ever thought about being gracious and attempting to look genuinely sorry about a truly horrible comment you made? The man was dying. Your comments, then and now, couldn’t have been more ill-judged.”
On Rural News’ Facebook page, David Clark had a message for NZ Herald. “It is long overdue for the NZ Herald to bring an end to Rachel Stewart’s personal vendetta against the NZ agricultural sector and she should most definitely be sacked for her misjudged tweet.”
Contract milker Brandon Law posted that it was “a cold-hearted mongrel thing for her to say”.
“Her comments are testament to her quality of character.”
Meanwhile, Stewart has taken umbrage at Rural News for pointing out her insensitive, nasty comments about Wilson and the impact on his friends and family. She accused this newspaper of being “low life scumbags” and “assholes”.
The Royal New Zealand College of General Practitioners (the College) and Hauora Taiwhenua Rural Health Network are calling for investment in a proposed new training pathway for rural GPs, warning that many rural practices are struggling to recruit while a large share of the existing workforce nears retirement.
Federated Farmers has called on Central Otago District Council (CODC) to drop or vote down a plan to truck sludge from Alexandra and Cromwell to farmland near Lauder, warning it would compound an "outrageous" situation created by a separate council's decision weeks earlier.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.