US remains important market - Fonterra
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
Fonterra says there is a genuine understanding among farmer shareholders about the global demand for sustainably produced dairy.
The co-operative’s group director Farm Source, Richard Allen, says Fonterra’s competitors in the US and Europe are bolstering their environmental credentials.
He was commenting on the launch of details of how the co-op will pay farmers for producing sustainable, high quality milk as part of the ‘co-operative difference’ framework.
From June 1, 2021, up to 10 cents of each farm’s milk payment will be determined by the farm’s sustainability credentials and milk quality.
The 10c/kgMS ‘co-operative difference’ payment is made up of two parts: 7c/kgMS for achievements under environment, co-op & prosperity, animals, and people & community focus areas.
Once these targets are achieved, another 3c/kgMS will be awarded to farmers who meet the ‘excellence’ standard under the milk quality framework.
Allen says the payment is another way Fonterra can recognise farmers.
“We want to reward the on-farm efforts that demonstrate our co-op’s care for the environment, animals, people and communities. It’s these actions which help ensure we’re the dairy company of choice for customers around the world and for New Zealand dairy farmers, for generations to come,” says Allen.
Federated Farmers supports a review of the current genetic technology legislation but insists that a farmer’s right to either choose or reject it must be protected.
New Zealand’s top business leaders are urging the US Administration to review “unjustified and discriminatory tariffs” imposed on Kiwi exporters.
New tariffs imposed by President Donald Trump signal an uncertain future, but New Zealand farmers know how to adapt to changing conditions, says Auriga Martin, chief executive of Farm Focus.
A global trade war beckons, which is bad news for a small open economy like New Zealand, warns Mark Smith ASB senior economist.
Carterton's Awakare Farm has long stood as a place where family, tradition and innovation intersect.
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
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