Thursday, 07 May 2020 10:22

Payout signal?

Written by Milking It

font size decrease font size increase font size
Print
Email

Another signal from Fonterra that next season’s milk payout will drop.

The co-op has announced a raft of measures to boost farmer cash flow in the new season, bringing forward milk payments from June.

Monthly payments will be made on the 15th of the month from June, compared to the 20th currently. Final settlement (wash up payment) will be no later than five working days after its annual results announcement.

Advance rate guideline from July will start at 65% of the mid-range for the payout forecast.

After enjoying $6-plus payouts for the past four years, Fonterra farmers are being told to brace for a drop in milk payout next season.

More like this

NZ Confirmed as World's Largest Single-Country Dairy Exporter in 2026 Report

A team effort that is paying dividends for the wider New Zealand economy.

DIRA Review: Open Country Dairy Warns Against Regulatory "Complacency"

The country's second largest milk processor is warning against 'complacency' during a review of competition regulations in the dairy sector.

Moxham Family's Organic Milk Now Comes as Gelato

Horowhenua organic dairy farmers Ange and Wayne Moxham have taken their business to a new level.

Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS

A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the next few months.

Fonterra & Silver Fern Farms Launch Beef-on-Dairy Programme

As dairy farmers lock in plans for the upcoming mating season, a partnership between Fonterra and Silver Fern Farms has been formed with the aim of making it simpler to create additional value from calves not entering the replacement herd.

Featured

AHAP Progress Report Shows NZ Horticulture Building Real Momentum

According to a progress report on the Aotearoa Horticulture Action Plan (AHAP), New Zealand's horticulture sector is making real progress on the big issues facing growers.

NZ Confirmed as World's Largest Single-Country Dairy Exporter in 2026 Report

A team effort that is paying dividends for the wider New Zealand economy.

Bex Green Named Federated Farmers' Advocate of the Year 2026

A strong sense of community involvement is what propelled the Federated Farmers' North Canterbury president Bex Green to the honoured title of the Feds' Advocate of the Year 2026.

DIRA Review: Open Country Dairy Warns Against Regulatory "Complacency"

The country's second largest milk processor is warning against 'complacency' during a review of competition regulations in the dairy sector.

Te Pari Acquires NZ Sheep Handler Brand Combi Clamp

Oamaru-based livestock handling specialist Te Pari has bought Combi Clamp, the New Zealand manufacturer of Combi Clamp manual sheep handlers.

RSE Scheme Changes Coming - McClay

Agriculture Minister Todd McClay has admitted that a scheme bringing workers from Pacific nations to work on orchards has become too hard to navigate but says changes are coming.