Fonterra Cuts 2026/27 Milk Price Forecast to $9.25
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
Fonterra chairman-elect John Wilson (pictured right) has been re-appointed for another three year term as a director of the co-op.
Another sitting director Nicola Shadbolt has also been re-elected. Former Fonterra Shareholders Council chairman Blue Read is the new director, replacing Colin Armer who resigned after missing out on the chairmanship.
The results will be officially announced at Fonterra's annual meeting in Hamilton today.
Farmers have begun arriving for the meeting at Mystery Creek. Events Centre.
The meeting will farewell Henry van der Heyden who steps down as chairman after 10 years at the helm.
Stay tuned to Rural News website for meeting updates throughout the day.
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
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.
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.
A five-year study has found that the cost of reducing emissions without technology may be significant and unsustainable for Northland dairy farmers.
DairyNZ says Waikato farmers need certainty on Plan Change 1, but they say that certainty must be matched with practical, workable rules and a clear transition that doesn't get ahead of the new resource management system currently under review.
While the Government has moved quickly to make commercial hauliers' lot easier during the current fuel crisis, they appear to be stuck in the creep box when it comes to the agricultural industry.
OPINION: No one messes around with Winston Peters, more so in a general election year.
OPINION: Staying on Federated Farmers, this week's annual general meeting in Auckland is shaping up to be an interesting one.