Misguided campaign
OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is polluting the environment.
Fonterra chief executive Miles Hurrell says the co-op cannot afford to repeat last year’s disappointing performance.
The co-op has forecast earnings of 15-25c/share for this financial year, based on a forecast EBIT range of $700-800 million.
“While this is down on last year, our forecast EPS (earnings per share) is up, reflecting lower interest and tax. To get here, we can’t repeat last year’s disappointing performance.
“The fundamentals of dairy remain strong.”
He says the world wants more dairy, and a growing middle class with high disposable incomes is looking for premium products.
“We believe we can create value from innovation, sustainability and efficiency.
“And our new strategy positions us well to leverage this.”
But at the same time, Hurrell says, the global economy is showing signs of slowing, with increasing trade tensions.
“Given our reliance on the international market, these are factors we continue to watch closely.”
On 2019-20 milk collection, he says milk collection forecast is similar to last year.
Fonterra has revised its milk price to a range of $6.55 to $7.55/kgMS – the fourth consecutive year of milk prices over $6/kgMS.
On the eve of his departure from Federated Farmers board, Richard McIntyre is thanking farmers for their support and words of encouragement during his stint as a farmer advocate.
A project reducing strains and sprains on farm has won the Innovation category in the New Zealand Workplace Health and Safety Awards 2025.
Beef + Lamb New Zealand (B+LNZ), in partnership with the Ministry for Primary Industries (MPI) and other sector organisations, has launched a national survey to understand better the impact of facial eczema (FE) on farmers.
One of New Zealand's latest and largest agrivoltaics farm Te Herenga o Te Rā is delivering clean renewable energy while preserving the land's agricultural value for sheep grazing under the modules.
Global food company Nestle’s chair Paul Bulcke will step down at its next annual meeting in April 2026.
Brendan Attrill of Caiseal Trust in Taranaki has been announced as the 2025 National Ambassador for Sustainable Farming and Growing and recipient of the Gordon Stephenson Trophy at the National Sustainability Showcase at in Wellington this evening.
OPINION: Last week, Greenpeace lit up Fonterra's Auckland headquarters with 'messages from the common people' - that the sector is…
OPINION: Once upon a time the Fieldays were for real farmers, salt of the earth people who thrived on hard…