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.
The technology combines behaviour data collected via proprietary collar-mounted sensors with data from internetconnected farm systems, farm equipment and third-party sources.
A Dutch start-up is joining forces with Fonterra's Farm Source to launch collar-mounted sensors for cows.
Connecterra, which uses artificial intelligence to deliver insights to dairy farmers, says it has signed a deal with Fonterra for the sale of its intelligent dairy assistant (Ida) platform in New Zealand.
The technology combines behaviour data collected via proprietary collar-mounted sensors with data from internet-connected farm systems, farm equipment and third-party sources.
Ida then uses artificial intelligence to translate the data into real-time, easy-to-understand insights in the app. Users respond to insights with just a few taps. This feedback is processed using machine learning, allowing Ida to become smarter and more personalised for each farm over time.
Connecterra says the NZ launch follows the completion of a successful two-year trial at Cloverlea Farm, a split calving farm in South Waikato.
Owner Chris Poole sees a clear difference in Ida and believes the technology can be a game changer for Kiwi farmers.
"Ida's technology is different. She learns you and your farm. It's easy to see the difference in our in-calf rates and animal health. There is so much potential for other farms in New Zealand," says Poole.
The nationwide rollout began in the South Waikato region in August. With mating season underway, Connecterra says customers are already using Ida to help with tasks such as detecting heats and drafting for insemination.
"Our goal is to empower farmers globally to increase productivity while reducing the impact of farming on the planet.
"After seeing strong, positive results during the pilot, we're pleased to see Ida technology scale across New Zealand," said Yasir Khokhar, chief executive of Connecterra.
He says to celebrat Ida's arrival in New Zealand, Connecterra is offering a special introductory price for Farm Source customers and Fonterra suppliers who subscribe before January 31.
Synlait has swung to second-half profit as operations stabilise, but the dairy processor still posted a $75.4m annual loss.
LIC shareholders have elected a new North Island representative to the co-operative's Board, along with five representatives to its Shareholder Reference Group (SRG), following the company's Annual Meeting held in Invercargill.
Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.
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.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
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