Fonterra GMP scheme – should I or shouldn’t I?

In a market of declining international milk powder prices the Fonterra GMP scheme has been under-subscribed for two times in a row. In fact only 180 farmers took advantage of the latest offer. Go figure! The irony is that Fonterra’s June 2013 offer for the 2013/14...

Dairy Farmer saves tax using Income Equalisation

The average Dairy Farmer should be able to save $20,000 in tax over two years by utilising the Income Equalisation Deposit Scheme as a result of the Fonterra Farmgate Milk Price falling from $8.40 for the 2013/14 Season to a forecast of $5.30 for the 2014/15 Season. ...