13 Aug 2019

Farmers miss out on dividend after Fonterra's gloomy forecast

From Morning Report, 6:14 am on 13 August 2019

Farmers say Fonterra's gloomy forecast will knock the confidence of its 10,000 farmer shareholders. They're missing out on a payment from the dairy co-op which will not be paying a dividend this financial year.

The co-operative is forecasting a loss of up to $675 million for this financial year. Federated Farmers Dairy Industry Group Chairperson Chris Lewis talks to Corin Dann.