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29 Nov 2021 21:15
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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.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     26 Oct: Increased forecast milk payments are a boost for farmers who still face other concerns
     26 Oct: Farmers are set to receive one of the largest payouts in Fonterra's history
     07 Oct: Some good news could be on the way for dairy farmers
     23 Sep: Fonterra has big plans for the future
     23 Sep: Fonterra's happy it's further reduced debt
     23 Sep: A big decision for Fonterra dairy farmers
     12 Sep: Farmers are excited at the prospect of converting to growing oats, but it will come down to what the yield per tonne price is
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