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Your canine crusader hears that Fonterra’s current financial woes could see the dairy co-op dumping many of its key assets.
It’s well accepted that Fonterra’s investment in Chinese infant formula company Beingmate has been a dog, and the co-op is expected to dump the rest of its stake in the baby food company quicker than the National Party cut loose Jami-Lee Ross. Also expected to go are its poorly performing farms in China.
The Hound understands Fonterra is also looking at quitting its ice cream company Tip Top and is believed to be weighing up a sale of its South American operations.
In South America, media reports estimate Tip Top could be worth about $400 million, while the sale of Fonterra’s South American operation could reap the dairy co-operative $1 billion.
State farmer Pāmu (Landcorp) has announced it will pay a $10 million special dividend to the Crown off the back of a strong outlook for the business and a capital repayment of $9.5 million following Fonterra's consumer business sale.
Fonterra farmers are set for a multi-billion-dollar payout this week.
OPINION: Reckless action by Greenpeace in 2024 forced Fonterra to shut down a drying plant for four hours, costing the co-op about $300,000.
Fonterra says Richard Allen will succeed Miles Hurrell as its new chief executive.
A day after selling its consumer businesses, Fonterra has settled a civil claim, filed by Greenpeace, out of court.
The Government has announced changes to stock exclusion regulations which it claims will cut unnecessary costs and inflexible rules while maintaining environmental protections.
Technology and the use of artificial intelligence are increasingly part of life, both on the farm and off it.
Ashleigh Gordon and Leilani Lobb have been named as the two finalists for Dairy Women's Network's (DWN) 2026 Regional Leader of the Year Award.
Animal and Plant Health New Zealand (APHANZ) says the approval of a new fungicide seed treatment is a positive, however growers will be hoping the final approval is completed ahead of the spring season.
North Canterbury farmer Adam Williamson has been appointed DairyNZ's associate director for 2026-27.
Fonterra farmers are set for a multi-billion-dollar payout this week.
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