Milk Powder Prices Prop Up Farmgate Milk Price
Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.
ANZ is throwing its support behind the New Zealand Dairy Industry Awards (NZDIA).
It will sponsor the financial and business merit awards in the share farmer and dairy manager categories in four regions - Southland/Otago, Canterbury/North Otago, Waikato and Taranaki.
A representative from the bank will also judge the National Share Farmer of the Year category.
NZDIA general manager Robin Congdon says the bank is looking forward to working closely with the Awards team.
Lorraine Mapu, ANZ managing director for business, says celebrating success and best practice in our dairy industry is vitally important.
"New Zealand farmers are some of the best in the world and for many, it's not just a business. It's about generations of family commitment to an area, and way of life.
"Celebrating and supporting strong sustainable businesses is not only good for the industry, it's good for our customers, good for us, and good for New Zealand's future as a leading producer of world-class goods," Mapu says.
The New Zealand Dairy Industry Awards are supported by national sponsors DeLaval, Ecolab, Federated Farmers, Fonterra, Honda, LIC, MediaWorks, Meridian Energy, and Ravensdown, alond with industry partner DairyNZ.
Entries for the 2022 competition closed last week. National winners will be announced at a dinner in Christchurch on May 14.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.