Solid half-year result for Fonterra
Fonterra has reported a solid half-year result – an 8% lift in profit after tax to $729 million.
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.
Sitting Beef + Lamb NZ farmer director Scott Gower has been voted out by farmers.
The New Zealand Veterinary Association (NZVA) says it will be working alongside the Ministry for Primary Industries (MPI) and Animal and Plant Health New Zealand (APHANZ) as they attempt to improve access to veterinary medicines.
Federated Farmers says it welcomes a recent court decision which granted a stay on rules in the Southland Water and Land Plan until legislative changes can be made by government.
A holistic approach to sustainability sees Pukatea Dairy Farms take out the top award at this year's Canterbury Ballance Farm Environment Awards.
Registrations are now open for the highly anticipated South Island Dairy Event (SIDE) 2025, taking place April 7-9 in Timaru.
Scientists from the Ministry for Primary Industries (MPI) are part of an international team working to develop a low-cost diagnostic tool that could significantly improve food crop production in developing countries.
OPINION: Two Australian cheesemakers have rescued the iconic Tasmanian cheese company King Island Dairy.
OPINION: World famous liqueur maker Baileys is the latest to dabble with plant-based products.