News | Rural
2 May 2024 17:37
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  •   Home > News > Rural

    It's hoped boom time for farmers will mean the same for the country

    It's hoped boom time for farmers will mean the same for the country


    Fonterra
    Fonterra
    Fonterra's made an after-tax profit of 364-million dollars, down seven percent on last year.

    The forecast farmgate milk price is still a record $9.30 to $9.90 per kilo of milk solids.

    Federated Farmers dairy chair, Wayne Langford, says the result's a credit to Fonterra and its pandemic management.

    He says billions of dollars will flow into the rural and general economy, at a time it's badly needed.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     23 Apr: Sheep farmers are being urged to hang on
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
     21 Mar: A good news day for Fonterra shareholders
     21 Mar: Dairy farmers will be breathing a sigh of relief with Fonterra's latest results
     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
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