The co-op is estimating a loss of up to 675-million-dollars, after writing down several overseas assets.
It says it won't be paying a dividend for the year to the end of July - so it can pay off its debt.
But chief financial officer Marc Rivers is reassuring farmers the company's fundamental business is still strong.
He says the core of the business is doing well and with a more strategic approach he's confident they can deliver and achieve good results next year.