Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Fonterra executive, Jason Minkhorst will join Ballance Agri-Nutrients early next year as its new general manager sales.
Minkhosrt is director Farm Source Stores and has extensive commercial experience from more than 15 years in senior executive and governance roles in the dairy sector.
He joins Ballance in March.
Ballance chief executive Mark Wynne, himself a former Fonterra executive, says Minkhorst’s deep knowledge of agri-business and genuine passion for the primary sector will be hugely valuable as Ballance focuses on the changing needs of New Zealand farmers and growers – providing tailored nutrients and advisory services, backed by the best science and technology.
“It’s great to have Jason joining us at what is a really exciting time for Ballance. He has an outstanding track record in rural leadership, sales strategy, growing competitive capability and delivering what rural customers want.
“GM Sales is a key role around our leadership table as we keep growing strength in our business and value for New Zealand.
“Our customers are increasingly looking to us to help them navigate a fast-changing regulatory landscape in New Zealand and stay ahead of global demand trends for premium food and natural fibres.”
Minkhorst will be based at Ballance’s Mount Maunganui corporate office, responsible for Ballance’s sales strategy and a nationwide team of nutrient specialists, along with customer services, key accounts, retail merchant relationships, sales operations, sales capability and the cooperative’s Science Extension team that is focused on knowledge sharing with farmers.
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.
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