Fonterra's carrot looks more like a stick

Mon, 29 Jun 2020

Fonterra Cooperative Group recently announced it will pay farmers more for sustainable, high-quality milk, but it turns out it's more of a stick than a carrot. The dairy exporter is introducing a cooperative difference payment of up to 10 cents per kilogram of milk solids if a farm meets on-farm sustainability and value targets from next season, kicking off on June 1, 2021. Fonterra is forecasting it will pay its farmers in a range of $5.40-to-$6.90/kgMS in the current season. “It makes sense to financially reward those farmers who go...

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