Welcome to
SOUTHERN FARMER
Useful articles about animal health and products used by SGT Dan:by Natalie Crystal
Understanding Milk Urea Nitrogen.
Keith Woodford Posts
Keith Woodford is an independent consultant, based in New Zealand, who works internationally on agri-food systems and rural development projects. He holds honorary positions as Professor of Agri-Food Systems at Lincoln University, New Zealand, and as Senior Research Fellow at the Contemporary China Research Centre at Victoria University, Wellington.
The Landrover Story Pictorial
Directors Craig McMillan and Greg Terill have collectively over 40 years’ experience in the lining industry, and have been involved in installations throughout New Zealand, Australia and the Pacific region.
New Zealand Grazing is focused on reliably growing dairy heifers to the highest standard, our experience has been gained working alongside thousands of farmers around the country. We were selected by Fonterra and Silver Fern Farms to grow their young livestock.
5 December 2024
Fonterra lifts FY25 forecast Farmgate Milk Price, holds earnings guidance
Fonterra Co-operative Group Ltd today raised the midpoint of the 2024/25 season forecast Farmgate Milk Price by 50 cents to $10.00 per kgMS.
The new forecast range of $9.50-$10.50 per kgMS reflects the ongoing strength of the global market.
“We’re committed to providing farmers the highest sustainable milk price, so I'm pleased to announce another lift in the forecast for the season,” says Fonterra CEO Miles Hurrell.
“We’re seeing a recovery of demand in Greater China as domestic milk production rebalances and demand from Southeast Asia continues to be strong.
“Looking at supply, milk production out of the US and Europe continues to be impacted by local factors, while production out of most regions of New Zealand has increased.
“We’re continuing to monitor factors that may influence global supply and demand dynamics, including any potential impact from heightened geopolitical uncertainty,” says Mr Hurrell.
Earnings guidance unchanged
Fonterra’s forecast earnings for FY25 remain unchanged at 40-60 cents per share.
“Our forecast earnings range reflects an expectation our underlying operating profit will be stable as we offset the higher cost of milk in the second half of the financial year through improved sales volumes, product mix and pricing.
“It also reflects the change in Fonterra’s tax status, which is effective from this financial year and will reduce our reported earnings per share,” says Mr Hurrell.
