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New payments hope to encourage more farmers to meet the environment and animal expectations - 27-Feb-2021

New payments hope to encourage more farmers to meet the environment and animal expectations - 27-Feb-2021
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Business Scoop » Fonterra Details How Farmers Will Be Paid For Sustainable, High Value Milk

Press Release – Fonterra Fonterra has released the details of how it will pay farmers for producing sustainable, high quality milk as part of The Co-operative Difference framework. From 1 June 2021, up to 10 cents of each farms milk payment will be determined by the farms sustainability … Fonterra has released the details of how it will pay farmers for producing sustainable, high quality milk as part of The Co-operative Difference framework. From 1 June 2021, up to 10 cents of each farm’s milk payment will be determined by the farm’s sustainability credentials and milk quality. “Fonterra farmers are already among the world’s best in these areas and we’re really proud of that. The Co-operative Difference payment is another way we can recognise farmers, while also supporting our strategy to grow the value of our New Zealand milk by responding to increasing demand around the world for sustainably produced dairy,” says Richard Allen, Group Director, Farm Source.

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