Sunday, 25 September 2016 11:20

More certainty for dairy – Feds

Written by 
Federated Farmers dairy group chair Andrew Hoggard. 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.

 

More like this

Nice

Fonterra has copped a fair bit of stick from the Hound over the years. However, on this occasionyour old mate would like to give the dairy co-op some well-deserved praise.

Tip Top sale no sweet fix

Selling the iconic ice cream business Tip Top won’t end Fonterra’s financial woes, says broker Grant Williamson, of Hamilton Hindin Greene.

MPI’s behaviour on M. bovis beastly

Farmers affected by Mycoplasma bovis need help and support, but MPI treats them as guilty parties, claims Mid-Canterbury Federated Farmers dairy chair Chris Ford.

 
 

» The RNG Weather Report

» Latest Print Issues Online

Milking It

MooFree May

UK activists have resumed their attack on the dairy industry.

Fresh is best

The shelf life of fresh milk can be extended up to two months by a technology developed by an Australian…

 
 

» Connect with Dairy News