"Our" business?
OPINION: One particular bone the Hound has been gnawing on for years now is how the chattering classes want it both ways when it comes to the success of NZ's dairy industry.
OPINION: For a small milk processor, Tatua has been punching above its weight for many years.
Every year, towards the end of September the co-operative comes out with its annual results.
And every year it receives applause for showing the rest of New Zealand processors, including the world's sixth largest milk dairy company Fonterra, a clean pair of heels when it comes to the final milk price for the previous season.
This year has been no exception. On September 30th, the Tatua board met to finalise its accounts for 2020-21 season. And, as is the tradition, Tatua chair Steve Allen and his board members then rang each shareholder to relay the good news.
The numbers are impressive. Tatua had a good year despite challenges posed by the pandemic. Group income topped $395 million, with earnings available for payout of $162 million, equating to a record $10.43/kgMS, before retentions for reinvestment and taxation. This was an improvement on the previous year earnings of $9.96/kgMS.
Tatua's 107 supplying farms recorded their second highest milk production season - supplying 15.65 million kgMS, 3.3% ahead of the previous year. Tatua confirmed a cash payout of $9.25/kgMS, $1.50 more than what Fonterra paid its milk suppliers last season.
Tatua's mission is simple: it's happy to be a niche player turning its small pool of milk into high quality products, for both export and the local market.
This has delivered great results for Tatua, year-in, year-out.
In recent years, Fonterra has been transitioning to a similar strategy; its overseas milk pools are being flogged off and attention is turning to adding value to NZ milk.
Fonterra says it believes it has an opportunity to differentiate New Zealand milk further on the world stage, with the aim of getting more value from the co-op's milk.
To strengthen the value proposition of its New Zealand milk, the co-op is increasing investment in sustainability and R&D.
Fonterra chief executive Miles Hurrell says the world wants what we've got - sustainably produced, high-quality, nutritious milk.
This is what Tatua has been doing since inception. Its website says, since 1914, they have been "developing and producing dairy products at Tatuanui, in the heart of New Zealand's largest dairying region - the Waikato. Out mild climate, rich soils and consistent rainfall create a perfect environment for growing grass".
It has proved to be winning formula for Tatua and there's no reason why it can't be the same for Fonterra.
Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…
OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…