Fonterra Lifts Farmgate Milk Price
Good news for Fonterra farmers. The co-op has raised this season’s farmgate milk price mid-point by 25c to $9.75/kgMS.
New Fonterra directors Andy McFarlane (L) and Brent Goldsack (R), with re-elected director John Monaghan at the co-op’s annual meeting in New Plymouth last week.
Fonterra's two new farmer-elected directors are looking forward to their new roles.
Brent Goldsack and Andy Macfarlane were elected at the co-op’s annual meeting in Hawera last week.
Macfarlane says serving on the board of New Zealand’s largest company is a great responsibility.
Goldsack says he is humbled to be chosen to serve farmers.
“Fonterra is in great shape and I look forward to serving farmers and New Zealand.”
Shareholders voted to elect incumbent director John Monaghan and new directors Brent Goldsack and Andy Macfarlane.
Goldsack lives at Matangi and has farming interests in Waikato and Manawatu.
Born in Taranaki and raised on a dairy farm in Inglewood, Goldsack is a chartered accountant and was a partner at PwC for at least 12 years.
Macfarlane is from Ashburton and has extensive farming interests in Mid Canterbury.
He runs a rural and farm advisory business and is a director of AgResearch and Ngai Tahu Farming and a councillor of Lincoln University.
Goldsack and Macfarlane replace Leonie Guiney and David MacLeod on the board.
Wairarapa farmer John Monaghan was re-elected for another three-year term by farmers.
Farmlands has reported higher operating earnings and a profit before income tax of $4.5 million, up 118.9%, for the year ended 30 June 2026.
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Good news for Fonterra farmers. The co-op has raised this season’s farmgate milk price mid-point by 25c to $9.75/kgMS.
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