Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
And some beneficiaries of the program complain the meals are comparable to 'dog food'.
Some of the noise is the usual politicking and media bias, but is it just this old mutt that thinks there's more than a hint of entitlement here from some parents?
The idea that the state would provide free meals to schoolchildren would have seemed extraordinary back in the day when parents took responsibility for having kids.
You can bet that the generous free milk in schools programme wins Fonterra and its farmers little if any gratitude, despite the fact the money for it comes straight out of farmers' pockets.
