Fonterra promises to nail its forecasting

Fonterra's new leadership has issued a more detailed earnings guidance for this financial year, underpinned by divisional forecasts.

It has raised the stakes by also promising the giant dairy processor will meet the expectations of farmer-shareholders, unit investors, employees and New Zealand.

Co-op bosses promise improvement

Fonterra has reported its worst result in its 17-year history and its new leaders have vowed to clean the stables and get back to delivering on farmers’ and investors’ expectations.

It made a net loss after tax of $196 million for the 2017-18 year, nearly $1 billion worse than the $781m profit in 2017.

Farmers say ‘convince us’

A continuing good farmgate milk payout seems to be tempering farmers’ criticism of Fonterra’s performance but they agree it must improve.

While happy with the payout for last season and the prediction for this season they are not convinced the board and management are getting things right.

They need to be convinced the co-op is heading in the right direction and are sending a clear message they have lost confidence and it now has to be earned back.

Fonterra farmers overpaid

Misguided analysis has greeted Fonterra’s $196 million loss caused solely by the co-op ignoring market signals to continue high paying high farmgate milk prices to farmers, Massey University academics Professor Hamish Gow and Dr James Lockhart say.

No ‘I’ in Murphy – Robin gives back

A career in dairying and the irrigation sector is only a start for Robin Murphy. The South Canterbury farmer gives heart and soul to his community. Tim Fulton reports.

Big Fonterra loss prompts shake-up

Fonterra has made a loss of $196 million for the 2017-18 season but has a plan to improve performance and that involves reviewing all its investments, major assets and partnerships, it told the NZX this morning.

Fonterra changes vindicated

The calibre of new directors and nominees for the Fonterra board vindicates the governance changes and the downsizing of the board and outweighs the initial loss of experience, departing director Nicola Shadbolt says.

Calves speak with their tongues

It might not be quite as simple as saying “open up and say aah” but farmers are likely to be getting their calves to poke their tongues out to help determine if they are destined to be kept as replacements or head off to the works or be reared as beef animals.

FAST FIVE: Rachael Lind

Rachael grew up on a sheep farm in the Marlborough Sounds but after leaving school went to work on a dairy farm before heading to university.

She fell in love with dairying and never left.

Since then she has completed a number of PrimaryITO courses and was top cadet in years one, two and four.

Pie in the sky

Farmers such as Mel Poulton struggle day in day out with poor digital connectivity and want service providers to up their game.