Fonterra offers payout to organic farmers based on market returns, a first for the cooperative

Fri, 05 Feb 2016

By Fiona Rotherham Feb. 5 (BusinessDesk) - Fonterra Cooperative Group is for the first time offering its organic dairy farmers a payout based on market returns in a bid to boost organic supply as competition and consumer demand increase. It’s the third time in a year the cooperative has reviewed the way it pays organic farmers. It will now offer organic farmers a choice for the 2016/17 season starting, in June, of either a payout based on a share of the market returns for organic products or the existing payment based on a $1.75 premium t...

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