Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Waikato dairy processor Tatua has announced a final payout of $7.50/kgMS for 2011-12, easily beating Fonterra.
The co-op has also retained 54c/kgMS to strengthen its balance sheet. Fonterra last week announced a final payout of $6.40/kgMS, made up of a milk price of $6.08/kgMS and a dividend payout of 32c/share. Fonterra retained 10c/share from its shareholders.
Tatua chairman Steve Allen says the 2011-12 season has been another positive one for it and its 109 suppliers.
"Demand for our products has remained firm throughout the year and our product mix returns were favourable," he says.
Milk supply from Tatua Suppliers was 13.2 million kilograms of milksolids, an increase of 9.5% from the previous year. The company's gearing ratio (of debt divided by debt plus equity) increased in line with expectations to 34%.
However, the co-op says foreign exchange management continues to be a challenge with the New Zealand dollar remaining elevated throughout the year.
"Our foreign exchange hedging policies have mitigated the impact of this to a considerable extent," he says.
New findings from not-for-profit food supply and distribution organization, the New Zealand Food Network (NZFN) have revealed a 42% increase in demand for food support in 2023 compared to 2022.
New data released by LIC and DairyNZ shows New Zealand dairy farmers have achieved the highest six week in-calf rate and lowest notin- calf rate on record.
Christchurch City Council and the Canterbury Agricultural and Pastoral Association (CAPA) have signed an agreement which will open more of Canterbury Agricultural Park for public use while helping to provide long-term certainty for the A&P Show.
This year’s Fieldays will feature a Rural Advocacy Hub - bringing together various rural organisations who are advocating for farmers and championing their interests as one team, under one roof, for the first time.
ASB head of rural banking Aidan Gent is encouraging farmers to speak to their banks when they are struggling.
Hunters around the country are hoping for some foul weather this weekend with the game bird season getting underway.
OPINION: The new government has clearly signalled big cuts across the public service.
OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…