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Westland beats Fonterra with higher than projected payout

This article was originally published in Dairy Markets

Westland Milk Products, one of the small NZ independent cooperatives that stayed out of Fonterra, has announced a payout to its 380 farmer shareholders of NZ$4.62/kg milksolids (2.57/kg) for the 2006/07 year, up sharply from its May projection. The payment, which adds $32 000 to the payout of the average farmer supplying 100 000kg of solids a year, includes 4 cents/kg for colostrum, which is made into a nutritional powder.


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