Displaying items by tag: JOHN STEVENSON

Fonterra farmers acknowledge that the forecast 2023-24 farmgate milk price range of $6 - $7.50/kgMS is well below break-even point for many of them.

Fonterra farmers have given the co-operative a thumbs up following an impressive full-year result.

Fonterra may need to provide additional support to cash-strapped farmers if the forecast milk price continues to fall.

Fonterra farmers are cutting costs on farm and expect similar discipline from their co-operative.

Fonterra is getting a clear message from farmer shareholders - don't burden them with new requirements and costs.

Fonterra farmers are up in arms about plans to review its Farm Source retail business that could reduce face-to- face interaction with shareholders.

Fonterra farmer shareholders always look to their co-operative to pay them the highest sustainable milk price, and understandably they ask questions when they see global differences in milk price, says Co-operative Council chair John Stevenson.

Farmers have been told that an opening forecast milk price of $8/kgMS this season hinges on China’s demand for whole milk powder (WMP) bouncing back.

John Stevenson took over as Fonterra Co-operative Council chair in November last year.

There is some unease among Fonterra's shareholder base as the co-operative sets out to tackle Scope 3 emissions generated by the business.