Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
Former Fonterra chairman John Wilson passed away this morning after a hard-fought battle with illness, the co-op announced.
In July last year, Wilson stepped down as chairman; he retired at the co-op’s annual meeting in November.
In a note to Fonterra farmers today, Fonterra chairman John Monaghan said Wilson was a man whose dedication and commitment to the cooperative ran deep.
“We owe John and his family a debt of gratitude for all the time, energy and sheer hard graft he gave us as a farmer-owner, inaugural chairman of the Fonterra Shareholder’s Council on merger, as a farmer elected director from 2003, and as our chairman from 2012.
“John always brought dedication, commitment, and deep dairy knowledge to each of the representation and governance roles in which he served. On behalf of his fellow farmers he was the ultimate advocate for what we stand for.
“We have lost a friend, colleague, leader and champion for our industry much too soon. Our thoughts and deep gratitude for all that he contributed go to his family and friends,” said Monaghan.
Wilson is survived by his wife Belinda and four daughters, Sophie, Victoria and twins Tessa and Libby.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
The first major update to the Dairy Cattle Code of Welfare in more than a decade has been released, marking what DairyNZ describes as an important step in ensuring animal welfare standards continue to evolve alongside scientific evidence and on-farm realities.
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