News | Rural
28 Nov 2020 0:27
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  •   Home > News > Rural

    The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits

    The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits


    Fonterra
    Fonterra
    The co-op is back in the black, after last year's 605-million-dollar wipeout.

    It'll pay a dividend of five cents per share on top of the farmgate milk price of seven-dollars-14, per kilo of milk solids.

    Agricultural economist Peter Fraser says it's a big relief, after last year's results.

    He says Fonterra has spent about 18 months focussing on what it does well - and that's important to maintain during things like the Covid-19 pandemic.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     04 Nov: Dairy farmers are looking ahead - both for the environment, and their farms
     21 Oct: A challenging year ahead for beef and sheep farmers
     15 Oct: Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40
     05 Oct: Dairy giant Fonterra's farm sales in China,don't mean it's pulling out of the market
     28 Sep: The bill to compensate Mid Canterbury farmers found with Mycoplasma bovis in their herds might be around 17-million dollars
     25 Sep: First there was Shrek the wooly sheep and now there's Mrs Gizzy Shrek
     19 Sep: An agricultural economist is relieved to see Fonterra back in the black
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