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

Bolger to rejoin Fonterra

Matt Bolger, the Pro Vice-Chancellor of The University of Waikato Management School, is joining Fonterra’s management team from March next year.

Getting farmers back on side

Milk processor Synlait is offering a one-off payment of 20c/kgMS to retain South Island suppliers, many of whom issued cessation notices to the company this year.

Featured

Working together, leading change

A group of Canterbury farmers who work together exploring the various uses of liquid injection systems on their seed drills was the worthy winner of the Working Together Award at the recent 2024 Arable Awards, says the group’s FAR Facilitator.

AR37 scientist scoops award

A scientist instrumental in the development and commercialisation of the novel endophyte AR37 scooped the Ballance Agri-Nutrients Science and Research Award at Beef + Lamb NZ Awards last night.

Editorial: Smithfield closure just the start?

OPINION: Rural New Zealand has been taking some very big hits of late. The latest of these, the closure of Alliance’s Smithfield plant at Timaru, is yet another blow for the heartland – the engine room of the economy.

Bolger to rejoin Fonterra

Matt Bolger, the Pro Vice-Chancellor of The University of Waikato Management School, is joining Fonterra’s management team from March next year.

National

Machinery & Products

Quick, accurate access to data

Agri-tech company Precision Farming is linking with John Deere’s Operations Centre guidance technology to automate nutrient and spray record-keeping and…

» Latest Print Issues Online

Milking It

Seaweed wonder

OPINION: Research across the ditch has found that seaweed doesn’t just make a tasty wrap for sushi rolls.

Sour grapes

OPINION: As a country we should be celebrating Fonterra’s solid annual results announced last week.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter