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Fonterra's TAF (trading among farmers) is underway.
And within minutes, the selling price of Fonterra share units rose 21% to $6.66.
Shareholder Philip van der Bijl rang a specially crafted bell to launch the share trading scheme at its new Darfield site at midday. About 100 farmers and Fonterra staff witnessed the launch.
Fonterra chairman John Wilson says it has taken time to launch TAF that will entrench 100% ownership and control.
"We have paced the introduction of changes that will give farmer shareholders more flexibility to maage their businesses and Fonterra shareholdings."
"We have taken our own time to reach this point in our history."
Research lending to the production of dairy products that benefit the elderly and improves the overall wellbeing of all people is a key focus of Fonterra's Research and Development centre, based in Palmerston North.
Milk processors are either matching or beating Fonterra's record $10/kgMS opening forecast milk price as the 2025-26 season gets underway.
Fonterra has announced a record forecast opening organic milk price of $12.30/kgMS for the new season.
Australian dairy farmers supplying Fonterra are getting an opening weighted average milk price of A$8.60/kgMS for the new season or around NZ$9.26/kgMS - NZ74c less than New Zealand suppliers, based on the current exchange rate.
A record $10/kgMS opening forecast milk price for the new season means more money into Fonterra farmers pockets early, says Federated Farmers dairy chair Richard McIntyre.
A report released this morning at the National Fieldays, Mystery Creek shows dairy farmer confidence growing, but challenges remain.
Supporting farmers to build great workplaces is a focus for DairyNZ, which is why they say they have relaunched the self-assessment tool, Workplace 360.
Around 97% of New Zealand pet owners value the care provided by their vet teams, but the broader contribution of animal health professionals to society often goes unseen, a new study has revealed.
More Australian states are embracing virtual fencing technology, opening growth opportunities for Kiwi companies like Halter.
Dairy farmers are set to benefit from the radical sweeping changes the Government is planning to make to the regulations that form part of the Resource Management Act (RMA).
The reported surge in interest in dairy conversions should be put into the context of falling overall cow numbers and improving environmental performance, says DairyNZ.
