
1080 threat struck Fonterra's 'heart'
Powerful victim impact statement read in court ahead of the sentencing of 1080 blackmailer Jeremy Kerr.
Powerful victim impact statement read in court ahead of the sentencing of 1080 blackmailer Jeremy Kerr.
Theo Spierings said a "temporary imbalance" exists between Fonterra's strong results and farmers' tough times.
COMMENT: Criticism from farmers about the cost of supply rules ignores built-in protection, writes Peter Fraser.
Finally some good news for dairy farmers - Fonterra will be doubling its dividend payout after profits jumped 123 per cent.
COMMENT: Fonterra has made the right call by accelerating dividend payments instead of extending its dairy farmer shareholders loan package, writes Fran O'Sullivan.
Infant formula brand Fernbaby is under fire for questionable marketing claims, including a testimonial on its website that suggests the product cured a baby's asthma and bronchitis.
COMMENT: The crisis in the dairy industry is of course a savage blow to many individual dairy farmers.
Fonterra may dust off last year's support package or boost the percentage of earnings paid as dividends to help farmers hit by the dairy downturn.
What's going on in dairy is fully explainable and virtually none of it is anyone's fault in this country. We've been here before with dairy and without a doubt we will be here again.
Fonterra will offer quicker payments to suppliers - if it gets a discount in return.
Fonterra has been copping heavy criticism over its strategy as the financial pressure facing farmer shareholders deepens.
Dairy farm values are tumbling, according to data from the Real Estate Institute of NZ.
The economy grew faster than expected in the December quarter but economists remained unimpressed.
The man who became Northland's biggest dairy farmer puts his success down to the skills he gained helping on his father's farm as a child.
Dairy is expected pick up again later this year and into next. It's not all doom and gloom though—where dairy struggles, others will prosper.
However, even the Reserve Bank's best case scenario sees farm prices fall by 20pc, while the worst case scenario would see a fall in land prices of 40pc.
Fonterra has confirmed the closure of its cheese plant in Kaikoura next month.
A new strain of virus that could decrease the number of rabbits by 30 per cent is up for government approval.
NZ farmers may be in for a more prolonged slump in dairy prices after the EU announced plans to double the amount of skim milk powder it is prepared to buy.
COMMENT: Next Wednesday will be another major milestone in the NZ dairy industry. Dairy giant Fonterra will unveil its latest results.
Futures market pricing suggests tomorrow morning's GlobalDairyTrade auction will be flat to slightly better.
Federated Farmers and Dairy NZ have been holding around the country aimed at helping farmers, particularly sharemilkers, through the downturn.
The South Island dairy processor will need to consider investing in expansion given the rapid growth of A2, analysts say.
Bill English has ruled out a bailout for struggling dairy farmers after Andrew Little said the Govt should consider emergency relief similar to droughts.
COMMENT: How about you borrow $30 billion to invest in something that produces a commodity that swings in price by more than 50% over a 2 year cycle?
Fonterra has scored an own goal in extending payment terms for suppliers because some frustrated companies are secretly hiking their prices.
Bank analyst has confidence in the sector's ability to adapt but says that some of those ill-prepared for the downturn will go to the wall.