Thursday 25 June 2020

New Zealand’s dairy company to pay farmers more for sustainable milk

A dairy company in New Zealand has announced it will pay its farmers more if their milk production meets specific sustainability and value targets.

Fonterra has introduced a 'Co-operative difference payment' of up to 10 cents per kilogram of milk as part of its strategy to respond to increasing demand from customers for sustainably-produced dairy.

The more a farmer achieves in the sustainable programme, the higher the payment will be.

Fonterra CEO Miles Hurrell, said: "We want to deliver the innovation, sustainability and efficiency needed to make the most difference to our strategy and our bottom line. It makes sense to financially reward those farmers who go the extra mile to help our Co-op differentiate its milk."