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8 Dec 2021 12:55
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  •   Home > News > Business

    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

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