Thursday, 07 May 2020 10:22

Payout signal?

Written by  Milking It

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

Carbon zero milk

Fonterra has joined forces with a supermarket chain to deliver what it claims is NZ’s first carbon zero milk.

Winners committed to environment

It's not the first time Fonterra’s John Wilson Memorial Trophy recipients, Nick and Nicky Dawson have been recognised for their sustainability efforts.

Dairy champions

Hawke's Bay dairy farmers Nick and Nicky Dawson have been awarded Fonterra’s John Wilson Memorial Trophy for responsible dairying.

Featured

 

Limited feed puts ewes at risk

Severe feed shortages in parts of the country mean many ewes are on a nutritional knife-edge heading into lambing and could be at risk of developing metabolic disorders.

Jack’s unique solution

Jason Jack was left with severe spinal injuries after a wakeboarding accident when he was 29, but that hasn’t stopped him getting out and about in difficult environments.

National

$10 payout!

A small but select group of Fonterra farmers are on the cusp of setting a new milk payout record.

The migrant workers dilemma

Dairy farmers want more Kiwi workers, but they also want relaxed immigration restrictions. So, what's the problem?

Producing milk, the Miraka way

The goal of Māori-owned dairy company Miraka, near Taupo, is to become the most sustainable dairy company in the world.

Machinery & Products

Landpower invests in cow central

One of Australasia’s largest, privately-owned farm machinery distributors, Landpower is building a new $10 million complex adjacent to Hamilton Airport.

Maize moisture in a moment

With forage maize playing such an important part of the New Zealand fodder supply chain, a useful hand-held moisture measuring…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

A ticking timebomb?

There could be another dairy health scare brewing in China and this one starts in our backyard.

Please explain

Does anyone in the Government understand the essential role St John Ambulance has in our society?

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter