Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO
Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.
Fonterra has been recognised for a new diagnostic test that helps to ensure a safe supply of milk and reduces the time and cost of testing.
The co-op's research and development arm won the Innovation Excellence in Research award at last night's New Zealand Innovators Award for Milk Fingerprinting.
Simply put, milk fingerprinting delivers the detailed composition in milk by light analysis and sophisticated computing.
Fonterra chief science and technology officer, Jeremy Hill, says this new technology cuts some testing costs by more than 99% and significantly reduces the time required for processing results.
"Milk fingerprinting means instead of some tests taking days or weeks we can test hundreds of samples in seconds, cutting processing times and cost. However, its benefits go far beyond ensuring a quality, safe supply of dairy nutrition.
"The composition of milk varies seasonally, and between farms and regions. This means milk from one of our farms may be better suited to one specific product rather than another.
"Milk fingerprinting provides information about each farm's milk so rapidly that when combined with our sophisticated tanker scheduling system, we can now send our milk to the manufacturing site that will get the most value out of every drop," said Hill.
The technology behind milk fingerprinting highlights Fonterra's strength in, and commitment to, research and development (R&D). The co-operative invests more than NZ$90 million annually into R&D – more than many large multinational nutrition and technology companies.
The development of milk fingerprinting has been partially funded by Transforming the Dairy Value Chain – a Primary Growth Partnership (PGP) programme between the Ministry of Primary Industries, Fonterra and DairyNZ that aims to create new products, increase on-farm productivity, reduce environmental impacts and improve agricultural education.
The closure of the McCain processing plant and the recent announcement of 300 job losses at Wattie’s underscore the mounting pressure facing New Zealand’s manufacturing sector, Buy NZ Made says.
Specialist agriculture lender Oxbury has entered the New Zealand market, offering livestock finance to farmers.
New research suggests Aotearoa New Zealand farmers are broadly matching phosphorus fertiliser use to the needs of their soils, helping maintain relatively stable nutrient levels across the country’s agricultural land.
Helensville farmers, Donald and Kirsten Watson of Moreland Pastoral, have been named the Auckland Regional Supreme Winners at the Ballance Farm Environment Awards.
Marc and Megan Lalich were named 2026 Share Farmers of the Year at last night's Canterbury/North Otago Dairy Industry Awards.
William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.