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Fonterra cuts dairy auction volume

Fonterra says it is significantly reducing the amount of product it puts up for sale on the GlobalDairyTrade auction platform over the next 12 months.

S&P places Fonterra on credit watch

Fonterra has been put on credit watch with negative implication by ratings agency Standard and Poor's.

Mike Hosking: Misery peddlers are milking a crisis

Yes, these are tough times for dairy farmers but we should trust those with the industry's interests at heart, writes Mike Hosking.

Does Andrew Little really want more foreign investment?

Andrew is spending the week trying to scare the bejesus out of us over dairy.

China strategy worrying our top execs

Our senior business leaders are becoming increasingly concerned about the slowing economy, the Government's strategy and our reliance on China and dairy exports.

PGG Wrightson's earnings jump 18.4%

PGG Wrightson, the rural services firm controlled by China's Agria Corp, beat its guidance with an 18.4 per cent gain in annual earnings, led by an improved performance for seed and grain.

Confidence shockingly weak

Downbeat economic commentary continued to flow yesterday, with Westpac saying it expects New Zealand's annual GDP growth to dip below 2 per cent, while ANZ's Truckometer is pointing to a clear....

No special financial support for dairy: English

Finance Minister Bill English said today the Government would not be offering special financial support to dairy farmers in trouble because of low prices.

Mortgagee sales rise by 50%

The number of mortgagee sales has jumped nationwide in the past quarter as worsening economic conditions and lower dairy payouts hit parts of provincial New Zealand.

Fonterra's Black Friday

Dairy giant yesterday revealed its latest payout forecast, dealing a blow to individual farmers, and the wider economy.

Fran O'Sullivan: Interest-free loans softens payout hit

Much of the available loans it will offer will likely pass straight to banks to meet debt-servicing costs, writes Fran O'Sullivan.

Dairy model 'broken': Landcorp boss

$4.55 swing in forecast milk price paid to farmers over two seasons shows there's something wrong with NZ's dairy model, says Landcorp Farming CEO Steve Carden.

Fonterra slashes farmgate milk price

The country's biggest exporter has lowered its price from a previous forecast of $5.25 following sharp falls in whole milk powder prices.

'It is tough down on the farm'

Paparimu dairy farmer Craig Maxwell says farmers are worried about the survival of their farms.

Milk price cut could be coming, says Countdown

A drop in the price of milk on supermarket shelves could be in store for New Zealanders - but not anytime soon, says supermarket chain Countdown.

What does Fonterra's news today mean?

Fonterra is expected to announce a sharp reduction in its farmgate milk price today.

Dairy farm prices set to fall, says ANZ

Dairy farm prices are likely to fall this spring as the sector faces the prospect of two successive years of sub-par payouts, says the ANZ Bank

Output tipped to fall as dairy herd culled

DairyNZ says New Zealand milk production is expected to fall by 2 or 3 per cent this season as farmers focus on improving the efficiency of their farming systems.