increase font size
Fonterra farmers can now apply for Fonterra Cooperative Support, a loan to help them deal with the current challenging conditions, says chair John Wilson.
The interest-free loan of 50 cents for every kilogram of share-backed milk solids produced from 1 June to 31 December 2015 is available to Fonterra's farmer shareholders, Wilson says. It will remain interest-free until 31 May 2017, after which Fonterra may charge interest.
Wilson says Fonterra is well placed to help its farmers because of the Co-operative's underlying strength.
"Being able to help our farmers is all about standing together as a Co-operative and using our collective strength to get through these tough times.
"We have had a lot of interest from farmers who appreciate what the Co-operative is trying to do for them to assist them with their farming businesses in a tough financial climate, and we are anticipating a large number of applications."
Farmers can repay all or part of the loan at any time and no security is required over their shares or any other assets. The loan will be repayable directly from milk payments, and automatic repayments will occur when Total Advance Rate Payments exceed $6.00.
Applications for support are open until 5pm on 25 September 2015. Farmers can apply online (the preferred option) at nzfarmsource.co.nz, or by email, fax or post.
A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
Waikato farmer, and Owl Farm demonstration manager, Jo Sheridan is the 2025 Fonterra Dairy Woman of the Year.
As part of preparing for a potential IPO in relation to the divestment process for its global Consumer business and integrated businesses Fonterra Oceania and Sri Lanka, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group board.
Fonterra says it takes the ongoing threat of 'adverse cyber action' extremely seriously.
Despite the turmoil in global markets, Fonterra is continuing with a dual track process to divest its multi-billion dollars consumer businesses.
The lack of quality internet coverage in Northland is costing farmers time and money, says Federated Farmers Northland president Colin Hannah.
Business Advisors and Accountants (BFA) and Craigs Investment Partners will be hosting an event later this month where they will take a deeper look at the practical and emotional side of succession planning.
Beef + Lamb New Zealand (B+LNZ) says the Government needs to close loopholes in the guidance around limits on carbon forestry as news of further whole-farm sales emerges.
Sales of premium brand Envy apples are booming in Taiwan.
Sheep milk powder and products exporter Maui Milk is partnering with one of China’s biggest dairy players to boost its market presence.
Ngai Tahu's legal action seeking self-determination (rangatiratanga) over fresh water could have huge implications for the future of farming, the viability of farming businesses, and our wider rural communities, says Federated Farmers national vice president Colin Hurst.
