Milk company launches new round of grants
The a2 Milk Company (a2MC) is launching a new round of grants to support projects aimed at enhancing dairy farming sustainability via the a2 Farm Sustainability Fund.
Milk company A2 has announced a net profit of $386 million, a 34% increase over the previous financial year.
The maker of A2 milk products says it has made significant gains in revenue and earnings, with strong performances in all key product segments, and across all core markets.
Total revenue for year ending June 2020 was $1.7 billion, a 33% increase over the previous year. The company’s flagship A2 infant formula nutrition products contributed $1.4b.
Unlike many companies that were impacted by COVID-19 disruptions, A2 says its performance was robust throughout the year.
“We demonstrated significant resilience in the second half, managing the business in the face of the Covid-19 global pandemic,” it says.
“We estimate that COVID-19 had a modest positive impact on revenue and earnings for the year.”
The company says revenues in the third quarter, as Covid-19 was setting in, was well above expectations due to the impact of changes in consumer purchase behaviour.
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
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