Fonterra Cuts 2026/27 Milk Price Forecast to $9.25
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
FORMER FONTERRA director Greg Gent has been elected to the board of Southern Cross Medical Care Society, New Zealand’s largest health insurer with around 830,000 members.
Gent retired from Fonterra’s board at November’s annual meeting after ten years on the cooperative’s top table.
Southern Cross says Gent has a strong record of governance experience in mutual/co-operative businesses, insurance and health, currently chairing Farmers Mutual Group and sitting on the Northland District Health Board.
“Greg will be a very valuable addition to the Board,” says Southern Cross chairman Graeme Hawkins.
“His combination of experience, particularly in the governance of large, complex mutual businesses, aligns very well with the needs of Southern Cross.”
Gent replaces Mark Verbiest, who retired from Southern Cross to focus on his new role as Chair of Telecom.
Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.
New Zealand dairy farmers are set to be the first in the world to receive access to a new digital physical milk pricing tool that enables them to fix the price for their physical milk.
State farmer Pāmu is opening its farm gates this summer in an effort to give the rural sector the opportunity to see how large-scale, multi-system farming is delivering productivity and profitability across New Zealand.
A five-year study has found that the cost of reducing emissions without technology may be significant and unsustainable for Northland dairy farmers.
DairyNZ says Waikato farmers need certainty on Plan Change 1, but they say that certainty must be matched with practical, workable rules and a clear transition that doesn't get ahead of the new resource management system currently under review.
While the Government has moved quickly to make commercial hauliers' lot easier during the current fuel crisis, they appear to be stuck in the creep box when it comes to the agricultural industry.

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