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Fonterra chairman Peter McBride.
Doing nothing to arrest the slide in milk supply is not an option, says Fonterra chairman Peter McBride.
He told farmer shareholders that the total New Zealand milk supply is likely to decline or be flat at best.
McBride says Fonterra's supply depends on the actions it takes with the capital structure, performance, productivity and sustainability.
"If we do nothing, we are likely to see around a 12-20% decline by 2030 based on the milk supply scenarios we have modelled.
"Protecting a strong New Zealand farmer-owned co-operative of scale is in all our interests."
He notes that being a strong co-op ensures it pays the highest sustainable milk price. Fonterra's milk price sets the benchmark for prices Kiwi dairy farmers are paid for their milk.
"Based on our current operations, our farmgate milk price could be 6-13 cents lower by 2030 if we make no changes to our capital structure."
As dairy farmers lock in plans for the upcoming mating season, a partnership between Fonterra and Silver Fern Farms has been formed with the aim of making it simpler to create additional value from calves not entering the replacement herd.
South Waikato farmer Bas Nelis is always interested in fine-tuning his business to improve results.
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
Fonterra's Whareroa site took home the prestigious Directors Award at the co-op's 'Oscars of Manufacturing', while Clandeboye led the way with multiple wins at this year's Best Site Cup.
After 25 years it is the right time to step away, says Colin Glass, the retiring chief executive of New Zealand's largest private corporate dairying company, Dairy Holdings.
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As dairy farmers lock in plans for the upcoming mating season, a partnership between Fonterra and Silver Fern Farms has been formed with the aim of making it simpler to create additional value from calves not entering the replacement herd.
Farmers can now get a more reliable view of pasture covers across their farm, thanks to a combination of three data sources.
A warning to dairy farmers not to expect the same good conditions that they experienced last season, has been issued by a leading farm consultant.
South Waikato farmer Bas Nelis is always interested in fine-tuning his business to improve results.
On a farm in Tikorangi, North Taranaki, Brent Stevenson is sharemilking 1,400 cows.
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