Sunday, 25 September 2016 11:20

More certainty for dairy – Feds

Written by Rural News Group

font size decrease font size increase font size
Print
Email

Federated Farmers dairy group chair Andrew Hoggard.

Fonterra’s annual results announcement will increase certainty and security for dairy farmers, in what has been a positive week for the industry, say the Feds.

The continued upward trend of the Global Dairy Trade auction and the modest increase in the payout announced on Wednesday and now Thursday’s positive earnings result from Fonterra should help dairy farmers feel more confident about the future.

Federated Farmers dairy group chair Andrew Hoggard says although the announcements don’t mean farmers will be seeing “cheques in the mail” any time soon, it does mean they can have confidence in the direction of the industry.

"Farmers own Fonterra, and today’s result shows our co-op is performing strongly on the world stage."

It is particularly positive to see the cost-saving programme undertaken by the company has been effective and company debt has been significantly reduced.

"Fonterra’s profits are eventually returned to farmers, and are spent in the New Zealand economy, so this is positive news for all of us," Hoggard says.

Featured

Inside the Moxhams' Award-Winning Organic Dairy Farm

Wayne and Ange Moxham of Horowhenua have just been named as Fonterra's top organic performer for milksolids. As well as providing organic milk to Fonterra, the couple also sell Udderly Organic milk to more than 100 outlets in the region and are embarking on another exciting venture producing organic gelato. Reporter Peter Burke went along to see their farming operation.

Federated Farmers: Rural Voices Must Shape Reform

Certainty and a clear understanding of the needs of rural communities is a critical outcome in the series of government reforms that are taking place at present.

Fonterra Cuts 2026/27 Milk Price Forecast to $9.25

Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.

Czarnikow Launches Digital Milk Pricing Tool in NZ

New Zealand dairy farmers are set to be the first in the world to receive access to a new digital physical milk pricing tool that enables them to fix the price for their physical milk.

Pāmu Opens Farm Gates for Summer Open Farm Days

State farmer Pāmu is opening its farm gates this summer in an effort to give the rural sector the opportunity to see how large-scale, multi-system farming is delivering productivity and profitability across New Zealand.