Farming

Fonterra has reported a $501 million half-year profit on lower costs and improved revenue. Fonterra chief executive Miles Hurrell makes statements at the release of the co-operative’s annual results. The result compares to a profit of $72m the previous year. The co-operative’s underlying profit was

A Southland teenager’s steady hand with a set of clippers has helped her win a competitive dairy cattle event in Taranaki. Chloe Thomson, 15, took out the overall award for the best presented heifer at the National All Dairy Breeds Youth Camp in Stratford. The four-day event attracted 23 participant

While putting up a fence around an old rubbish dump, South Auckland fencer and farmer Jerome Wenzlick was disgusted by the amount of plastic he was having to dig through. It occurred to him that maybe he could make fence posts out of unwanted plastic… and now he does. Future Post – the Waiuku-based

Alliance Group is increasing its focus on capturing greater value from its products as the co-operative continues its transformation into a world-class food and solutions business, shareholders were told at the company’s Annual Meeting in Palmerston North yesterday. Last month, Alliance Group announ

Fonterra Co-operative Group Limited today increased its 2019/2020 forecast Farmgate Milk Price range from $6.25 – $7.25 per kgMS to $6.55 – $7.55 per kgMS. The Advance Rate Fonterra pays its farmer owners will be set off the mid-point, $7.05 per kgMS, of the revised range. Fonterra Chairman John Mon

Western Southland Police are reminding people to secure fuel tanks and vehicles, after recent reports of diesel thefts in the area. Vehicles targeted include commercial vehicles on worksites, as well as those left in isolated areas such as paddocks. This week, there have been fuel thefts reported fr

Japan is now New Zealand’s number one market for chilled beef driven by tariff cuts under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). However the gains may be eroded following a US-Japan agreement, according to the Meat Industry Association. In the eight months

Today Fonterra announced its FY19 annual results, the final milk price for the 2018/19 season, its refreshed strategy and changes to its operating model and management team. The Co-operative reports a Net Loss After Tax of $605 million. Normalised earnings before interest and tax (EBIT) was $819 mil