Data sharing initiative wins national award for saving farmers time
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
Fonterra’s opening forecast milk price range for the 2022-23 season is set at $8.25 - $9.75/kgMS, with a midpoint of $9/kgMS.
Chief executive Miles Hurrell says the strong opening forecast reflects continued demand for dairy coupled with constrained global supply.
“The long-term outlook for dairy remains positive, despite recent geopolitical and COVID-19 related events impacting global demand in the short-term,” he says.
On the supply side, growth from key milk producing regions is expected to remain constrained as high feed, fertiliser and energy costs continue to impact production volumes.
“These demand and supply dynamics are expected to support dairy prices in the medium to long-term,” says Hurrell.
“However, we are operating in an increasingly volatile global environment and are managing a wider range of risks than usual.
“This includes the potential for further impacts from COVID-19, financial markets and foreign exchange volatility, global inflationary pressures, a tightening labour market, increasing interest rates, geopolitical events, as well as the possible impact on demand from higher dairy prices.
“This is why our 2022/23 forecast range is so wide at this point in the season.”
For the 2021-22 season, which ends on May 31, Fonterra has maintained its Farmgate Milk Price range of $9.10 - $9.50/kgMS.
Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
This past week has seen another round of negotiations between India and New Zealand to produce a free trade agreement (FTA) between the two countries.
Cautiously optimistic is how DairyNZ's regional manager for the lower North Island, Mark Laurence describes the mood of farmers in his patch.
The Infrastructure Commission has endorsed a plan by Chorus to expand fibre broadband to 95% of New Zealand much to the delight of rural women.
Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.
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