Fonterra is extending its MyMilk initiative to the North Island of New Zealand to make it easier for more dairy farmers to get into the dairy co-op.
MyMilk allows dairy farmers to supply MyMilk for up to five years without buying shares, offering a way for farmers who aren’t currently Fonterra suppliers be part of the co-operative story.
For the last five years, MyMilk has successfully operated in the nation’s South Island and will now be rolled out to the North Island.
According to Group Director of Farm Source, Richard Allen, it will “to allow more farmers, especially young farmers, the chance to purchase their own farm and join the Co-op.”
She added: “One way has been through MyMilk, a Fonterra-backed company that’s helping young and new farmers establish a foothold in the industry and ultimately take a stake in Fonterra.
The initiative is also being extending to help existing Fonterra farmers looking to grow through purchasing another Fonterra farm.”
MyMilk will be available in the North Island for supply commencing from 1 June 2020. Eligibility conditions apply and MyMilk volumes are limited to 5% of Fonterra’s total milk collections.