Wednesday, 18 September 2024 13:25

Payout stakes

Written by  Milking It

OPINION: It's that time of the year again when milk processors announce their annual results and final milk payout for the previous season.

It’s also the time when Fonterra farmer shareholders and those who supply independent processors watch the small Waikato processor Tatua show them a clean pair of heels in the payout race.

Just to refresh your memory, Tatua paid its 101 shareholder farms a whopping $12.30/kgMS for milk supplied last season, leaving Fonterra and other processors in the dust. The small co-op’s earnings for the 2022-23 season equated to $15.20/kgMS before retention. They retained $2.90/kgMS or $43 million for reinvestment in the business.

Fonterra, Synlait and Tatua are expected to announce their results towards the end of this month.

More like this

Chilled milk partnership

Last month marked one year since the launch of an innovative collaboration known as the PAUS Programme (Pay- As-You-Save), which has made it easier for Fonterra farmers to access next generation milk chilling technology.

Milking fish

OPINION: It could be cod on your cornflakes and sardines in your smoothie if food innovators in Indonesia have their way.

Featured

New UHT plant construction starts

Construction is underway at Fonterra’s new UHT cream plant at Edendale, Southland following a groundbreaking ceremony recently.

National

Farm Source turns 10!

Hundreds of Fonterra farmers visited their local Farm Source store on November 29 to help celebrate the rural service trader's…

Climate-friendly cows closer

Dairy farmers are one step closer to breeding cow with lower methane emissions, offering an innovative way to reduce the…

Machinery & Products

A JAC for all trades

While the New Zealand ute market is dominated by three main players, “disruptors” are never too far away.

Pushing the boundaries

Can-Am is pushing the boundaries of performance with its Outlander line-up of all-terrain vehicles (ATVs) with the launch of the…

» Latest Print Issues Online

Milking It

Milking fish

OPINION: It could be cod on your cornflakes and sardines in your smoothie if food innovators in Indonesia have their…

Seaweed the hero?

OPINION: A new study, published recently in Proceedings of the National Academy of Sciences, adds to some existing evidence about…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter