26 Oct 2021

Farming towns to reap rewards of Fonterra payout

From Midday Report, 12:41 pm on 26 October 2021

Farming towns are hoping to reap the rewards of one of Fonterra's biggest milk price payouts in the co-operative's history.

The dairy giant expects to pay between $7.90-8.90 per kilogram of milk solids.

Fonterra's chief executive Miles Hurrell said an $8.40 payout would pour almost $13 billion into regional Aotearoa.

One region hoping to see that boost is the Hauraki District.

The council's mayor Toby Adams spoke to Midday Report's Māni Dunlop.