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OPINION: Fonterra is forking out $27 million to pay Victorian farmers to settle class action proceedings across the ditch.
The case arose from claims by several farmers in the state of Victoria that Fonterra had breached the terms of its supply contracts and misled suppliers when it moved to cut milk payouts in 2016.
The farmers claimed Fonterra's milk payout was based on meeting or exceeding those of competitor, Murray Goulburn, rather than in line with their supply contracts.
Murray Goulburn cut its forecast price by as much as 15% and shortly afterwards Fonterra moved to cut its payout by nearly as much.
The co-op says the settlement is made without any admission of liability.
A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
Waikato farmer, and Owl Farm demonstration manager, Jo Sheridan is the 2025 Fonterra Dairy Woman of the Year.
Farmers in the Australian state of New South Wales will soon be able to use virtual fencing and herding technology to boost farm productivity.
OPINION: Farmers won't get any credit for this from the daily media, so Milking It is giving the bouquets where they’re due.
OPINION: The Advertising Standards Authority’s 2024 report revealed that not only is social media rotting our brains, it is also taking a growing chunk of New Zealand’s ad revenue offshore.
Business Advisors and Accountants (BFA) and Craigs Investment Partners will be hosting an event later this month where they will take a deeper look at the practical and emotional side of succession planning.
Beef + Lamb New Zealand (B+LNZ) says the Government needs to close loopholes in the guidance around limits on carbon forestry as news of further whole-farm sales emerges.
Sales of premium brand Envy apples are booming in Taiwan.
Sheep milk powder and products exporter Maui Milk is partnering with one of China’s biggest dairy players to boost its market presence.
Ngai Tahu's legal action seeking self-determination (rangatiratanga) over fresh water could have huge implications for the future of farming, the viability of farming businesses, and our wider rural communities, says Federated Farmers national vice president Colin Hurst.
A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
