Eroding share of milk worries Fonterra shareholders
Fonterra shareholders are concerned with a further decline in the co-op’s share of milk collected in New Zealand.
"Despite some weather challenges, this was a great year to be in dairying. Probably the best I have seen in my lifetime," Luxton says.
He made the comments in DairyNZ's annual report released this week.
Luxton says there were many highlights in the last financial year.
"There was a record milk production from New Zealand farms, a strong market and an excellent payout. For me personally, Tatua's centenary also stands out because of my family's long association with the dairy company.
"That milestone also represents to me what all dairy farmers do well – innovation, playing to strengths and quietly building success on a world stage over a long period of time."
With a lower payout this season, farmers are focused on reducing production costs.
It is a timely reminder of the volatility of our industry, he says.
He also spoke about the DairyNZ levy vote.
"Of course, as chairman of DairyNZ, the greatest highlight of the past year has been the record farmer turnout in May 2014 for continuing the milksolids levy.
"To receive a voter turnout by number of 60%, with a 78% 'yes' vote, and weighted by milksolids to see that support rise to a 69% turnout and 82% of farmers endorsing the levy, is nothing short of terrific. This was a vote of confidence, showing there is strong farmer support for our 'industry good' work including research, development, extension and advocacy."
For DairyNZ's annual report, v
isit www.dairynz.co.nz
