Fonterra said the range for the new payout is wide because it's operating in an increasingly volatile global environment and managing a wider range of risks than usual.
Rapid change has created the need for an urgent conversation about reframing food and fibre sector growth opportunities – or NZ risks getting left behind.
New Zealand Apples and Pears lowered its forecast for the 2022 harvest by 12% and Seeka also says volumes are lower than expected.
A2 Milk will provide up to $500,000 to the fund in the first year.
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