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27 Jan 2022 0:12
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  •   Home > News > Rural

    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


    Fonterra
    Fonterra
    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.

    © 2022 Newstalk ZB, NZCity

     Other Rural News
     25 Jan: Farmers are creaming it and the economy will benefit
     19 Jan: A pleasant surprise for Fonterra at how much dairy prices have risen at the latest Global Dairy Trade auction
     11 Jan: Fonterra has been forced to slash its milk collection forecast
     18 Dec: Dairy farmers think they could face Covid-19 requirements when milk's picked up in the future
     18 Dec: Fonterra's employees have until the end of the month to say whether they think everyone at the company should be fully vaccinated against Covid-19
     10 Dec: The fate of Fonterra farmers is in the hands of Agriculture Minister Damien O'Connor
     09 Dec: Big changes could be on the horizon for Fonterra
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