Fonterra has upped its forecast pay-out to farmers, which is expected to pump 13 billion dollars into regional New Zealand
Fonterra has upped its forecast pay-out to farmers, which is expected to pump 13 billion dollars into regional New Zealand
26 October 2021
The midpoint is now 8-dollars-40 per kilogram of milk solids - equal to the highest Farmgate Milk Price paid by the co-op.
The Country's Jamie McKay says it's good news and isn't unexpected because the banks are already factoring it in.
He says it's going to be a bumper year for dairy farmers, which is great because they're keeping the country going.
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