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Fonterra Shareholders' Council chairman, Ian Brown, says farmers' take-up of the latest Fonterra Supply Offer shows they are beginning to take advantage of the flexibility Trading Among Farmers (TAF) offers them.
Twenty per cent of Farmers sold close to $600 million worth of the economic rights to their Wet Shares, Brown says.
"The first supply offer saw farmers exercise some understandable caution but with growing confidence in the new system farmers are now ready to use TAF as it was intended.
"The solid level of demand from shareholders to release some of the economic value of their shares shows they are using TAF to their benefit.
"Farmers are taking advantage of the greater flexibility it offers them in making decisions that impact the day-to-day running of their business.
"This also strengthens our cooperative as Fonterra is now able to make better use of our capital rather than, as the recent drought would have compelled it to, distribute it as farmers redeemed their shares."
Research lending to the production of dairy products that benefit the elderly and improves the overall wellbeing of all people is a key focus of Fonterra's Research and Development centre, based in Palmerston North.
Milk processors are either matching or beating Fonterra's record $10/kgMS opening forecast milk price as the 2025-26 season gets underway.
Fonterra has announced a record forecast opening organic milk price of $12.30/kgMS for the new season.
Australian dairy farmers supplying Fonterra are getting an opening weighted average milk price of A$8.60/kgMS for the new season or around NZ$9.26/kgMS - NZ74c less than New Zealand suppliers, based on the current exchange rate.
A record $10/kgMS opening forecast milk price for the new season means more money into Fonterra farmers pockets early, says Federated Farmers dairy chair Richard McIntyre.
Maize and sweetcorn pest fall armyworm has defied initial assessments regarding its ability to survive over winter in some parts of New Zealand.
A report released this morning at the National Fieldays, Mystery Creek shows dairy farmer confidence growing, but challenges remain.
Supporting farmers to build great workplaces is a focus for DairyNZ, which is why they say they have relaunched the self-assessment tool, Workplace 360.
Around 97% of New Zealand pet owners value the care provided by their vet teams, but the broader contribution of animal health professionals to society often goes unseen, a new study has revealed.
More Australian states are embracing virtual fencing technology, opening growth opportunities for Kiwi companies like Halter.
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