A very good profit announcement for Fonterra today reversing a big loss last year into a gain – around a $1 Billion shift – and at the same time paying down $1 Billion of debt. This should give farmer shareholders a lot of comfort given the testing times for other business sectors. We’ve been tracking Fonterra Payout since 1999. The pic below shows the trend over this time. While we well remember the disaster years of 2015 and 2016, the last four years have seen $6 plus years, and the one we are in $6.60/kgMS or better. A good time to be a dairy farmer.
- Our Team