Survey shows most Fonterra farmers plan to use capital return for debt reduction
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
A number of farmers were forced to dump milk, says Farm Source regional head Charles Fergusson.
The feedback from Fonterra suppliers was that the flooding brought a "really tough" situation for some but others were surprised their farms fared as well as they did, he said.
Worst affected were farms along the Ashburton River.
"We had some challenges earlier on farms on North Canterbury as well, so we had farmers evacuated out of their houses up on Sunday night.
"There were a number of farms out there who we asked to dispose of milk. One of the reasons is that we just weren't happy sending tankers out in those conditions with uncertainty over roads and also the state of the tanker tracks."
Fonterra also had to briefly evacuate the Clandeboye factory when a local creek burst its banks.
Fergusson said a lot of farmers would have wanted to push the season further but they dried off early to beat the weather.
However, Fonterra had a couple of hundred suppliers still milking as well as 60 to 100 true winter milkers.
"I think we our transport team do an incredible job as long as they've got a route to factory so we are working quite closely with the authorities regarding roading to see if we are able to get around."
BNZ says it is backing aspiring dairy farmers through an innovative new initiative that helps make the first step to farm ownership or sharemilking a little easier.
LIC chief executive David Chin says meeting the revised methane reduction targets will rely on practical science, smart technology, and genuine collaboration across the sector.
Lincoln University Dairy Farm will be tweaking some management practices after an animal welfare complaint laid in mid-August, despite the Ministry for Primary Industries (MPI) investigation into the complaint finding no cause for action.
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
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