Fonterra launches $1500 on-farm funding for eligible farmers
Over 85% of Fonterra farmer suppliers will be eligible for customer funding up to $1,500 for solutions designed to drive on-farm efficiency gains and reduce emissions intensity.
Fonterra farmers are worried that suppliers are leaving the co-op.
Shareholders council chairman Duncan Coull told the co-op’s annual meeting that while the ‘retain and grow’ target of 82.2% was reached there continues to be a downward trend in this measure.
“There are a number of factors that go into this, some outside our control,” he told about 150 shareholders in Hawera this month.
“This number will have greater significance as milk growth slows to a more moderate number.
“I can’t stress enough that we all have a part to play at some level to ensure we remain stronger together.”
According to the council’s annual report, Fonterra’s total milk collection in New Zealand for the 2016-17 season reached1.5 billion kgMS, down 3% from the 2015-16 season.
The decrease was mostly due to wet spring conditions though stronger autumn production partially offset this reduction.
Fonterra collected about 82.4% of NZ’s milk production in the 2016-17 season, down from 84.1% in 2015-16.
In the annual report, Coull noted this as an important metric to monitor as part of the reason for the formation of Fonterra was to provide critical mass to compete in the global marketplace.
A Chinese business leader says Chinese investors are unfairly viewed as potential security risks in New Zealand.
In the first of two articles focusing on electrification in New Zealand, Leo Argent talks with Mike Casey, operator of the 100% electric-operated Electric Cherries orchard and founder of advocacy group Rewiring Aotearoa.
A Foundation for Arable Research initiative which took a closer look at the efficiency of a key piece of machinery for arable farmers - their combine harvesters - has been recognised at the Primary Industry NZ Awards.
Prime Minister Christopher Luxon has reiterated New Zealand’s ‘China And’ policy, adding that it wasn’t about choosing one market over another but creating more options for exporters.
A long running trade dispute between New Zealand and Canada over dairy access has been resolved.
New Zealand Police is urging rural property owners to remain vigilant and ensure their property is secure.
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