Watershed vote pulls Synlait back from the brink
In a “watershed vote”, Synlait shareholders have approved a recapitalisation plan that hands over control of the listed milk processor to China conglomerate Bright Dairy.
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.
New research reveals that New Zealand households have made progress in reducing food waste over the past year, cutting the annual amount wasted by an estimated $300 million in the past year alone.
Voting is now open for this year’s DairyNZ director elections.
Today, public consultation begins on a series of proposals designed to strengthen New Zealand’s biosecurity system.
A former dairy farmer with a passion for breeding good cows has switched gears after farming in her own right.
OPINION: While dairy farmers were busy milking cows last Wednesday morning, 150 leaders and stakeholders of the industry gathered at Parliament over breakfast to celebrate their achievements.
First up to the podium at the recent Tractor and Machinery Association (TAMA) Conference in Wellington, Minster for Agriculture, Todd McClay, reflected on a difficult 12 months, but hinted at signs that things were turning the corner, saying “when ag does well, New Zealand does well”.
OPINION: Normally farmer good organisations are happy to use the media to get their message across to politicians and the…
OPINION: It's that time of the year again when milk processors announce their annual results and final milk payout for…