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THE FONTERRA Shareholders' Council says the final payout of $6.16 ($5.84 farmgate milk price and 32c dividend) for a fully shared-up farmer was an accurate reflection of the season.
Council chairman, Ian Brown: "Given the pressure placed on Fonterra by this year's drought and the unpredictability experienced in international markets the cooperative has delivered a satisfactory return for farmers."
Brown says the success of the integrated ANZ (Australia/New Zealand) business, which has encountered tough market conditions of late, is vital for Fonterra.
"The ANZ business has been working hard to adapt to the changing Australian business environment," says Brown.
"Accordingly, changes have been made to the ANZ business, there's a cost associated with these and the council will continue to monitor the situation."
Brown was satisfied with the final dividend and said the co-op had once again displayed a welcome degree of pragmatism in its decision on retentions given the cash flow issues being faced by some Farmers.
"That Fonterra delivered a final dividend of 32 cents provides the council with sufficient confidence that the business is working efficiently.
"LATAM (Latin America) and AME (Asia/Middle East) have again delivered at a local level and New Zealand Milk Products had a solid year.
"We are pleased with the current status of the gearing ratio as this will allow flexibility moving forward.
"Farmers will be happy to put the climatic challenges of last season behind them and are buoyed by the forecast payout for next season."
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.
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.
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