Canterbury milk processor Synlait Milk has announced a $200 million equity raising scheme to strengthen its balance sheet.

Former All Black Kevin Schuler says diversifying the family farm with his brother Paul into three milking systems – cows, goats and sheep – is all about creating a better and stable business.

Dairy prices dipped last week after three consecutive rises but economist Nathan Penny, Westpac, says the dip is likely to be temporary.

Auckland lawyer and new Fonterra director Cathy Quinn is looking forward to making a positive contribution around Fonterra’s board table.

A capital structure that gives farmers flexibility is a priority for re-elected Fonterra director Brent Goldsack.

Fonterra chief executive Miles Hurrell says work will continue this year on the co-operative’s business reset.

Outgoing Fonterra chairman John Monaghan says he will keep a watchful but silent eye on Fonterra from the back paddocks.

A long-running legal battle between milk processor Synlait and New Zealand Industrial Park Limited over historic land covenants on a Pokeno processing site is over.

Many Fonterra farmers have expressed their pride in the way the co-op board, management and staff have kept the wheels of the business turning during Covid-19.

With spring in the air and soils starting to warm up over the next few weeks, farmers will be preparing to fertilise their paddocks.

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