Fonterra appoints new CFO
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
Federated Farmers Dairy chairman Andrew Hoggard says this morning’s strong rise in global dairy prices is a morale booster for farmers.
Hoggard told Rural News online that things are looking more positive after the GDT price index rose 11.4% and the flagship whole milk powder prices rose a whopping 19.8% to US$3317/tonne.
WMP prices need to stay over US$3000/tonne for farmers to get a decent milk payout and make a profit, he says.
“Let’s hope the prices remain steady,” Hoggard says.
Hoggard also points out that money won’t start flowing to farmers straight away; it would take several months.
GDT key results
Price Index up 11.4%
AMF index up 2.6%, average price US$5,146/MT
Butter index up 4.0%, average price US$4,146/MT
BMP index down 5.4%, average price US$2,248/MT
Ched index up 0.9%, average price US$3,332/MT
LAC index down 4.0%, average price US$755/MT
RenCas index down 4.8%, average price US$6,025/MT
SMP index up 6.5%, average price US$2,329/MT
WMP index up 19.8%, average price US$3,317/MT
More bull breeders are using genetic tools according to the latest research.
Females are dominating the veterinary profession worldwide and many farmers are welcoming this change in the composition of the profession, says Britain's Chief Veterinary Officer (CVO) Professor Christine Middlemiss.
A five-year randomised survey of herbicide resistance on New Zealand arable farms has found widespread high levels of resistance - with 71% of farms affected in the worst-hit region - South Canterbury.
OPINION: The recent Federated Farmers / Rabobank 2024 Farming Salaries Report revealed strong growth in farm salaries over the past two years.
The low unemployment environment is one of the key factors driving on-farm salaries higher over the past 24 months, says Rabobank general manager for country banking Bruce Weir.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
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