Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
Chartered accountants are offering two scholarships in honour of former Fonterra chief executive, the late Craig Norgate.
Chartered Accountants Australia and New Zealand announced two new scholarships, honouring the memory of an inspirational business leader, to support young Kiwis setting out on their careers as Chartered Accountants.
Norgate who led the New Zealand Chartered Accountants’ organisation at a key time in its history – its amalgamation with Australia – died aged 50 in 2015. He also played an important role in the formation of Fonterra and was the dairy cooperative’s first chief executive.
He was a Chartered Accountant Fellow.
Kirsten Patterson, New Zealand Country Head of Chartered Accountants ANZ, said the Craig Norgate Memorial Scholarships aim to honour and celebrate “Craig’s big heart, big intellect and generous spirit.
“He was someone you would go the extra mile for.
“For the scholarships, we are looking for people who like Craig embodied leadership, a community spirit and action, bold ideas, entrepreneurship, business acumen, pride, passion and drive.”
Patterson, who worked with Norgate as part of his New Zealand Institute of Chartered Accountants executive team, said his life will resonate with young New Zealanders wanting to become Chartered Accountant (CAs) and business leaders.
The annual scholarships are:
1. The Craig Norgate New Zealand Memorial Scholarship – a national scholarship open to anyone enrolled, or planning to enrol, in Chartered Accountants ANZ’s 2017 CA Program.
2. The Craig Norgate Taranaki Memorial Scholarship (honouring Norgate’s strong Taranaki connections) – open to anyone, at the time of application, living, studying or working in Taranaki and is enrolled, or planning to enrol, in Chartered Accountants ANZ’s 2017 CA Program.
Each scholarship is worth $5000 over two years and is targeted at helping cover students’ course costs while completing the CA Program.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
The first major update to the Dairy Cattle Code of Welfare in more than a decade has been released, marking what DairyNZ describes as an important step in ensuring animal welfare standards continue to evolve alongside scientific evidence and on-farm realities.
Ravensdown shareholders have elected Jane Montgomery and Kate Acland to the Ravensdown Board for three-year terms, following a closely contested director election.
Federated Farmers says new legislation replacing the Resource Management Act will cut red tape, unlock investment and help grow New Zealand's export-led economy, after the Planning Bill and Natural Environment Bill passed their third reading in Parliament yesterday.