Fonterra Co-operative Group’s guaranteed milk price scheme has stirred a mixed reaction from farmers. Some view it as just another risk management tool while others are against it, arguing a co-operative should have the same milk price for all. Given the volatility in milk prices, Fonterra piloted the scheme last year as a way of giving some farmers more certainty on what they’d get paid …

NZX, which operates the New Zealand stock exchange and the dairy futures market, is offering a new service for the dairy industry to forecast local milk production and calculate milk prices. From this month, NZX is offering a Milk Production Predictor, which estimates New Zealand milk production for the coming three months, with forecasts based on climate, pasture growth and cow …

Infratil, the infrastructure investor, has lowered earnings guidance for the coming year by as much as $40 million, reflecting the sale of its Australian energy assets. The Wellington-based company now expects annual earnings before interest, tax, depreciation, amortisation and asset valuation changes will be between $520 million and $545 million in the year ended March 31, 2015, from a previously advised range of between …