fbpx
Print this page
Tuesday, 13 June 2017 12:55

Westland’s milk price boosts confidence

Written by  Peter Burke
Westland Milk’s high forecast payout is good news to its struggling farmer shareholders. Westland Milk’s high forecast payout is good news to its struggling farmer shareholders.

West Coast farmers are hailing Westland Milk’s opening payout forecast range of $6.40 - $6.80/kgMS for the new season as good news and a sign that WMP is back on track.

The news comes at the end of a hard season for Coast farmers hit by low payouts and bad weather.

Most of the region’s cows are now dried off, but many have been down to once-a-day milking for months. WMP general manager shareholder services Tony Wright says at the end of May milk production was down by 42.2 million litres on the previous season, a drop of 5.72%. 

Chiefly this was because a cold, wet spring in 2016 was followed by very wet conditions until February 2017. Some areas had double their normal rainfall and their wettest season for 20 years, hard on stock and farmers.

“These adverse growing conditions impacted on pasture quality and cows’ milk production throughout the West Coast. Farmers have done an exceptional job of keeping their animals in good condition in this trying period, keeping a close eye on animal welfare and ensuring their stock were still ready for calving. This will also ensure cows are in top condition for upping production to take advantage of higher payouts for 2017-18,” he says.

The drop in production was expected and Westland has been able to partially compensate for the shortfall with bought-in milk.

Meanwhile WMP chief executive Toni Brendish is expected soon to start announcing changes to the company’s management structure. News of at least one appointment is imminent and others will follow, part of the review of WMP by its board and Brendish, who took over late last year. 

More like this

Wrong, again!

OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour Agriculture Minister Damian O’Connor when Chineseowned Yili took over the troubled dairy company Westland Milk a few years back.

Milk price certainty

Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following two seasons.

Featured

Feds make case for rural bank lending probe

Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.

National

Canada's flagrant dishonesty

Deeply cynical and completely illogical. That's how Kimberly Crewther, the executive director of DCANZ is describing the Canadian government's flagrant…

Regional leader award

Eastern Bay of Plenty farmer Rebecca O’Brien was named the 2024 Dairy Women’s Network (DWN) Regional Leader of the Year.

Machinery & Products

Tractor, harvester IT comes of age

Over the last halfdecade, digital technology has appeared to be the “must-have” for tractor and machinery companies, who believe that…