Ravensdown Returns to Profit, Approves $15/Tonne Shareholder Rebate
Ravensdown has reported a net profit before tax and rebate of $50.1 million for the year ended 31 May 2026.
The Fonterra Shareholders Council is welcoming the appointment of John Wilson as the chairman elect of the Fonterra board.
Shareholders Council chairman Ian Brown congratulated Wilson on his appointment.
"As a former Shareholders Council chair, John is in a unique position to understand farmers' interests and concerns and balance these against the needs of the business.
"The Council will continue to work towards solidifying a respectful working relationship with John and the board," he says.
Wilson takes over from Henry van der Heyden who steps down at the co-op's annual meeting in December.
A Palmerston North shearer has been sentenced to six months' community detention and 12 months' supervision after being found to have physically abused three lambs while shearing them.
Power Farming has launched a joint venture in Southland.
Food rescue charity Meet the Need has released its 2025/26 Impact Report, revealing a record year of growth alongside a stark warning: demand for food support across New Zealand is rising faster than supply can keep up.
As we move into the second half of 2026, the Tractor and Machinery Association (TAMA) reports that Year-to-Date figures ending June 30 saw new tractor deliveries hitting 1,386 units or 10.7% ahead of the same period in 2025.
The avocado sector is entering the new season with a larger crop and positive market opportunities.
New Zealand growers have always adapted to changing conditions, but one challenge is steadily gaining ground across the horticulture sector: resistance.