Farmers to get $122m in fertiliser cheques

Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-shareholders, reflecting the impacts of extreme weather on farm input use. Ballance's rebate - unchanged at $45 a tonne - reflected total fertiliser sales volumes for the year to May 2020 of 1.6 million tonnes, generating profits before the rebate and tax of $68.9 million. Chair David Peacocke said the year had been characterised by impacts from the...

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