Friday, March 29, 2024

Ravensdown rebate early

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Ravensdown shareholders will receive another early rebate payment in June.
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The fertiliser co-operative will pay $17.50 a tonne on deliveries made before May 31.

It will be the third interim payment in three years and continues the board’s strategy of returning surplus cash to farmers at the earliest opportunity, chairman John Henderson said. 

Last year’s early rebate was $20 a tonne, followed by $25 a tonne after the year’s accounts were finalised.

Henderson said last year’s wet autumn disrupted fertiliser applications and urged farmers to book their applications early this year. 

That is especially so for aerial spreading operations because demand is very strong. 

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