Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
A new farmer movement is set to launch very soon and will be pushing for a different approach to tackling on-farm emissions.
Rumours are circulating about a new farmer-led campaign aimed at challenging the current drive for taxing biogenic methane.
Rural News understands that this new farmer movement is set to launch very soon and will be pushing for a different approach to tackling on-farm emissions - especially in relation to methane.
It is understood the group will be promoting a 'methane accord', which it says will be a set of 'not negotiables' when it comes to analysing methane.
The group says its target audience is everyone - urban, rural, politicians (both outgoing and incoming). It also wants to ensure that the pressure goes on agri companies and co-operatives - such as Fonterra and Silver Fern Farm - to show their 'true colours' when it comes to pricing emissions.
"We have had enough of the Government and others in our midst - BLNZ, DairyNZ, Feds, Silver Fern Farms, Fonterra, ANZCO and Food and Fibre 'Leaders' Group - pretending to say all the right things but actually still fundamentally supporting the pricing of biogenic methane emissions," the group says.
It describes the current government and industry proposals to price agricultural emission via the He Waka Eke Noa accord as a plan to "self-sabotage" NZ's primary industry sectors.
OPINION: What goes up must come down. So, global dairy prices retreating from lofty heights in recent months wouldn’t come as a surprise to many farmers.
Fonterra directors and councillors are in for a pay rise next month.
Federated Farmers says it is cautiously welcoming signals from the Government that a major shake-up of local government is on its way.
Ashburton cropping and dairy farmer Matthew Paton has been elected to the board of rural services company, Ruralco.
The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate agricultural trade flows, prices, and production decisions.
National Lamb Day is set to return in 2026 with organisers saying the celebrations will be bigger than ever.

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