Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
Dairy farms in Northland, Hawke’s Bay and the Coromandel Peninsula remain cut off, says Fonterra.
However, access is improving and the co-operative will be making fresh attempts to collect milk from these farms in the coming days.
Paul Phipps, general manager national transport & logistics told Rural News that they are still unable to safely access a number of farms mostly in Northland.
“Many roads are significantly disrupted and ensuring the safety of our tanker operators and other teams is paramount.
“Access is improving however and we were able to get to more farms in Northland last night. The situation is still challenging though.”
On the Coromandel Peninsula, access is still severely restricted given the state of the roads there.
Today the co-operative will be attempting collection from all suppliers in the region.
“Trucks will be going up without trailers to give us the best possible chance to access farms,” says Phipps.
In the Hawkes Bay, Fonterra has been unable to collect milk from the majority of farms north of Waipukurau.
“Our transport team is working closely with local authorities to assess road conditions,” says Phipps.
“We are doing everything we can to minimise the impact and are working through the logistics.
“Aside from collections, one of the biggest challenges we are facing is pressure on the supply chain as the knock on effects of closed ports and rail put a squeeze on what is already a highly strained national network.”
Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.

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