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Federated Farmers dairy group chair Andrew Hoggard.
Fonterra’s annual results announcement will increase certainty and security for dairy farmers, in what has been a positive week for the industry, say the Feds.
The continued upward trend of the Global Dairy Trade auction and the modest increase in the payout announced on Wednesday and now Thursday’s positive earnings result from Fonterra should help dairy farmers feel more confident about the future.
Federated Farmers dairy group chair Andrew Hoggard says although the announcements don’t mean farmers will be seeing “cheques in the mail” any time soon, it does mean they can have confidence in the direction of the industry.
"Farmers own Fonterra, and today’s result shows our co-op is performing strongly on the world stage."
It is particularly positive to see the cost-saving programme undertaken by the company has been effective and company debt has been significantly reduced.
"Fonterra’s profits are eventually returned to farmers, and are spent in the New Zealand economy, so this is positive news for all of us," Hoggard says.
State farmer Pāmu (Landcorp) has announced it will pay a $10 million special dividend to the Crown off the back of a strong outlook for the business and a capital repayment of $9.5 million following Fonterra's consumer business sale.
Fonterra farmers are set for a multi-billion-dollar payout this week.
OPINION: Reckless action by Greenpeace in 2024 forced Fonterra to shut down a drying plant for four hours, costing the co-op about $300,000.
Taupiri farmer Chris Woolerton is tipped to take over as Federated Farmers Waikato president from next week.
Fonterra says Richard Allen will succeed Miles Hurrell as its new chief executive.
Ashleigh Gordon and Leilani Lobb have been named as the two finalists for Dairy Women's Network's (DWN) 2026 Regional Leader of the Year Award.
Animal and Plant Health New Zealand (APHANZ) says the approval of a new fungicide seed treatment is a positive, however growers will be hoping the final approval is completed ahead of the spring season.
North Canterbury farmer Adam Williamson has been appointed DairyNZ's associate director for 2026-27.
Fonterra farmers are set for a multi-billion-dollar payout this week.
The 2026 Holstein Friesian NZ Young Breeders Development Programme is off to a strong start, with this year's intake coming together for their first event on March 18 and 19.
State farmer Pāmu (Landcorp) has announced it will pay a $10 million special dividend to the Crown off the back of a strong outlook for the business and a capital repayment of $9.5 million following Fonterra's consumer business sale.
