Landcorp disappointed Fonterra to end guaranteed price that underpinned 2015 earnings

Jonathan Underhill
Fri, 02 Oct 2015

By Jonathan Underhill Oct. 2 (BusinessDesk) - Landcorp Farming says it is disappointed that Fonterra Cooperative Group is to stop offering a guaranteed milk price (GMP), which has helped New Zealand's largest corporate farmer manage price fluctuations and prevented an even bigger slump in 2015 earnings. Fonterra said this week that it will make its last GMP  offer in December, for milk production through to the end of the 2015/16 season. When the programme was piloted in the 2013/14 it was the only price risk management tool available for...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Technology
Ex-public servant Peter Crabtree to lead board of space tech startup Zenno
Ben Moore | Mon, 08 Aug 2022

The former head of the NZ space agency delved into the private sector after leaving the government last year.

Property
Vital Healthcare pushes NZ portfolio past $1b
Brent Melville | Mon, 08 Aug 2022

The specialist healthcare property trust has been actively adding NZ properties to its asset base, now valued at almost a third of its $3.3 billion portfolio.

Economy
NZ stuck on primary export path, says MBIE research
Jem Traylen | Mon, 08 Aug 2022

MBIE research shows we're world-class farmers so ... we should stay farming,  says MBIE.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).

Sponsored
David Kelly: 'We must learn from past mistakes'

The CEO of the Registered Master Builders Association calls for the government and the building sector to create more resilience.