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Andrew Hoggard.
Fonterra’s lift in its payout to $6/kgMS puts a brighter note on the end of a tough week for farming.
Federated Farmers dairy chair Andrew Hoggard says this will be a huge boost to dairy farmers’ spirits after a difficult spring.
"The weather’s been kicking our guts over the last few months and that’s on top of what everyone knows has been a tough couple of years,” Hoggard says.
"This is going to boost everyone’s morale."
The announcement equates to about an extra 75 cents for the season.
"It’s good news. We are going to see dairy farmers feeling a lot more positive over the next couple of months, which is good news for the entire New Zealand economy," Hoggard says.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
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Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
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Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
