Tuesday, 06 October 2020 04:55

Tatua payout tops – again!

Written by  Sudesh Kissun
Tatua has declared a 2019-20 season final payout of $8.70/kgMS. Tatua has declared a 2019-20 season final payout of $8.70/kgMS.

Small Waikato milk processor Tatua has done it again.

The cooperative has declared a 2019-20 season final payout of $8.70/kgMS, after retentions, to its farmer shareholders.

Tatua has continuously topped the milk payout chart over the last decade, leaving bigger players like Fonterra and Open Country Dairy in its wake.

Fonterra’s final payout for last season is $7.19/kgMS, $1.51 less than Tatua. OCD’s final payout hasn’t been made public yet.

Tatua achieved record group revenue of $381m after processing over 15 million kgMS. This equated to a $9.96/kgMS payout before retention.

Chairman Steve Allen says retention last season amount to $19.1 million before tax. 

“In deciding our payout, we have sought to balance the needs of our shareholder’s farming businesses with the requirement for continued investment in Tatua’s longer-term sustainability. 

“For the 2019-20 financial year, this has included a combined investment in wastewater treatment and engineering support services of $20.3 million. 

“Our gearing (debt divided by debt plus equity) averaged 27.0% for the year, which was fractionally lower than the previous year average. Gearing at the end of our July financial year was 23.9%. This has strengthened our resilience and our ability to create new opportunities.”

Allen praised Tatua’s staff in NZ and abroad for their efforts.

“We have a team of people at Tatua, including those in our offshore subsidiaries, who have shown exceptional commitment in taking care of each other and the business through one of the most challenging and uncertain times we can recall. Our result is a credit to them.”

More like this


New investment in spirulina production

The Ministry for Primary Industries (MPI) Sustainable Food & Fibres Futures Fund will invest in a project to assess the viability of larger scale production of spirulina in New Zealand.


Lely offerings for the future

Dutch robotic specialist Lely launched a new farm management application called Horizon at its recent Future Farm Days 2020.


Dispelling wool's myths

Paul Alston believes that when comparing wool and synthetic carpets, wool wins every time.

Machinery & Products

Weeds in for a shock

WIith an increasing focus on reducing chemical herbicides, largely because of crop resistance and a potential build-up of residues, new…

V8 - a baler with a grunt

Following three years of testing with clients worldwide, Ireland-based manufacturer McHale has added a bigger model to its range of…

Virtual CV valuable tool

With a 12-year history of recruiting specialised operators from overseas to service the agricultural contracting industry, Hanzon Jobs typically brings…

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Tough gig!

OPINION: This old mutt has a fair amount of sympathy for Ag Minister Damien O’Connor with the two associate ministers…

Cow killer

OPINION: The Hound was not surprised to hear well-known end-of-the-world doom-merchant ‘Dr’ Mike Joy is still as joyless as ever…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter