Another Windfall for Fonterra Farmers, Unit Holders
Fonterra farmer shareholders and unit holders are in line for another payment in April.
Fonterra’s rural service subsidiary, Farm Source says farmer shareholders are adapting well to its new trading model under COVID-19 restrictions.
Thanks to COVID-19, Farm Source has closed all its stores: orders are placed online or over the phone.
Farmers can either collect their purchases outside the store or are dropped off at “zero-contact” collection point on-farm.
Farm Source head Richard Allen says the service has been well adopted by farmers across the country.
“Sales traffic was high in the first few days, which was not unexpected. Traffic has now reduced to more normal levels and aligned to more seasonal patterns.”
“Our phone-based service centre and online sales channel have come into their own: staff and farmers have adopted and respected this way of operating in a short period of time.”
Allen, who also looks after milk collection, says the co-op isn’t experiencing disruption or significant drop in production at this stage.
“Agriculture essential and prioritised in the lock-down for business continuity: farmers continuing to work hard on-farm and we are continuing to collect and process their milk.”
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
Farmers are being encouraged to take a closer look at the refrigerants running inside their on-farm systems, as international and domestic pressure continues to build on high global warming potential (GWP) 400-series refrigerants.
As expected, Fonterra has lifted its 2025-26 forecast farmgate milk price mid-point to $9.50/kgMS.
Bovonic says a return on investment study has found its automated mastitis detection technology, QuadSense, is delivering financial, labour, and animal-health benefits on New Zealand dairy farms worth an estimated $29,547 per season.
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