Fonterra Suppliers Confident in Mainland Dairy Future
Fonterra's 460 milk suppliers in Australia, who will switch to Lactalis end of this month, are unfazed with the impending change.
Fonterra farmers are picking up the tab of about 30 fellow shareholders forced to dry off due to damage caused by Cyclone Gabrielle.
Some Hawke's Bay farms remain inaccessible by mik tankers, brining their 2022-23 season to an end months earlier than normal.
The co-operative has agreed to pay these farmers for loss of income under its 'force majeure' terms, based on the average of the past three year's milk production.
Fonterra Co-operative Council chairman John Stevenson told Rural News that he is really proud of how the co-op has supported affected members.
"Fonterra has covered farmers' milk that was unable to be picked up, including to continue to support those who have had to dry off due to no tanker access," he says. "This is a unique benefit of being part of the co-operative."
Stevenson, who was in Napier last week, met some of the affected farmers.
"I was blown away by the resilience shown by farmers I met who had been cut off by the storm. Some have significant infrastructure damage to farms.
"Many co-op members, including councillors, have also provided support to their fellow co-op members, both during the weather events themselves and afterwards, including by sending generators, feed, and making donations of rewards dollars via Fonterra Farm Source.
"I have not heard from one farmer shareholder who does not support the co-op covering for lost milk."
New Zealand farming is riding a high, with strong prices, full feed covers and improving confidence lining up at the same time.
Manawatu Mayor Michael Ford says the district sees itself as the agribusiness capital of the lower North Island.
Beef + Lamb New Zealand (B+LNZ) is looking forward to connecting with farmers, rural professionals and community members at this year's Central District Field Days.
Labour Party Leader Chris Hipkins has announced a reshuffle of the party's caucus portfolios.
Agriculture Minister Todd McClay says a series of rural resilienced set to be rolled out next week will help farmers and growers better prepared for adverse weather events.
The head of Massey University's School of Agriculture and the Environment, Professor Paul Kenyon, says the outlook for the primary sector is positive with record numbers of students enrolling for Massey's range of undergraduate courses in the primary sector.