Farmlands returns to profit with strong FY25 result
Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.
Synlait’s new partnership with rural supplies co-op Farmlands aims to help farmers reduce their input costs and improve on-farm profitability.
Listed milk processor Synlait is partnering with rural retailer Farmlands to deliver exclusive discounts to farmer suppliers, who have been battling high farm input costs for the past two years.
The new deal, launched recently, aims to reduce input costs and improve on-farm profitability for Synlait's 300 farmer suppliers.
The deal includes "unique Synlait pricing" nationwide for any farmer supplier, exclusive monthly seasonal offers and fuel discounts. Synlait farmers also gain access to all of Farmland's existing discounts and rebates through its 7000-strong card partner network. Farmlands is also offering free delivery on orders over $500.
Synlait director of on-farm excellence & business sustainability Charles Ferguson told Dairy News that the milk processor is always looking at ways to add value to their farmer suppliers' businesses.
Ferguson says the past 24 months have been tough for farmers, with heightened cost pressures on farm.
"At its peak last year farmers were facing double digit rise in input costs across their business," he says.
Ferguson says Synlait is pleased to team up with a leading agri retailer to help lower cost for its farmers.
"With 300 farmer suppliers we are always looking at how to leverage the scale and drive down costs for our farmers and our business. This partnership with Farmlands will ensure sharp deals available for our farmer suppliers."
Farmlands chief executive Tanya Houghton told Dairy News that she saw a natural connection between the two organisations.
"As a co-op, Farmlands is focused on enhancing the profitability and productivity of New Zealand farmers and growers.
"We'll do this by supporting our customers to access core farm inputs - including feed, animal health, fuel, fertiliser and ag-chem - at the best price and with the best support.
"By teaming up with Synlait suppliers, we can now boost their suppliers' profitability even more by offering them extra value across the key inputs they need month in, month out."
Events have been held around the country to launch the deal. The final launch event takes place at Huntly Farmlands on Wednesday, March 20.
To mark the launch, Darmlands is offering a few exclusive deals including a tiered fuel pricing structure, where the more Synlait suppliers bring their bulk fuel over to Farmlands and Fern Fuel, the better the price is for everyone.
Synlait farmer suppliers who bring their Ballance account to Farmlands will get a $100 vouher. Ballance is Farmlands' preferred partner for fertiliser.
Synlait farmers also get early-access and exclusive deals on new products like new pigtail standards due to arrive in April.
Farmlands says that as New Zealand's largest rural supplies co-operative, it was created to disrupt the historical lock-up of rural suppliers, by using the power of a combined buying group to reduce costs for farmers and growers.
"At Farmlands we're proud to be 100% New Zealand owned and still working for the productivity and profitability of Kiwi farmers for the last 60 years and into the future.
"Our new partnership with Synlait will offer Synlait suppliers even more value and service on top of their existing Farmlands shareholding. It's just one example of how we plan to bring even greater value to shareholders' farm gate."
|
A landmark moment for New Zealand. That's how Prime Minister Christopher Luxon describes the conclusion of negotiations for an India-New Zealand Free Trade Agreement. Beef Progeny Test 2025: Genetic insights for NZ beef industryAt Pāmu’s Kepler Farm in Manapouri, mating has wrapped up at the across-breed Beef Progeny Test. HortNZ celebrates 20 YearsMore than 150 people turned up at Parliament recently to celebrate the 20th anniversary of Horticulture New Zealand (HortNZ). Biosecurity NZ urges vigilance for yellow-legged hornetsBiosecurity New Zealand says Kiwis should continue to keep an eye out for yellow-legged hornets (Vespa velutina) over the holiday season. Mental Health and Fitness Unite: The Push-Up Challenge comes to New ZealandThe Push-Up Challenge, an event which combines mental health and fitness, is set to launch in New Zealand in 2026. Agritechnica 2025: Claas, Fendt and Valtra claim 2026 Tractor of the Year AwardsLast month's Agritechnica event led to a wide group of manufacturers celebrating successes when the 2026 Tractor of the Year Competition winners, selected by a panel of European journalists, were announced in Hanover Germany. NationalFonterra capital return could boost GDP – ANZ ReportThe Fonterra divestment capital return should provide “a tailwind to GDP growth” next year, according to a new ANZ NZ report,…Fonterra upgrades Eltham cheese production for global growthFonterra's Eltham site in Taranaki is stepping up its global impact with an upgrade to its processed cheese production lines,…Michelle Pye elected to Fonterra boardCanterbury farmer Michelle Pye has been elected to Fonterra’s board for a three-year term.Government plan to scrap regional councils faces criticismGovernment plans to get rid of regional councillors shows a lack of understanding of the fundamental problem affecting all of…Lactose to join fat and protein in Fonterra milk price modelFor over 20 years, Whakatane farmer Gerard Van Beek has been attending Fonterra annual general meetings with the same message…Machinery & ProductsCase IH Unveils New RB6 Round Balers & 2026 Square Baler UpgradesCase IH has released details of its all-new round balers and redesigns to its large square balers aimed at increasing…How to Improve Milking Efficiency in Swing-Over Herringbone ShedsThe swing-over herringbone is the most common dairy type in New Zealand, used on 69% of dairy farms. Simple changes…Claas Jaguar 1000 Series sets new forage harvesting world recordThe recently released Claas Jaguar 1000 Series has seen its flagship 1200 set a new official Guiness World Record in…CB Norwood appoints John Skurr as new general managerCB Norwood Distributors Limited has announced the appointment of John Skurr to the position of general manager.AIMER, Bovonic and Herd-i join forces to advance NZ dairy techThree New Zealand agritech companies are set to join forces to help unlock the full potential of technology. |