Open Country Dairy acquires 100% of Miraka Company

NEW ZEALAND – Taupō-based dairy company Miraka has today announced an agreement under which Open Country Dairy would acquire 100% of the company.  

For farmers, customers, and kaimahi (employees), day-to-day operations continue as usual. Milk processing and supply contracts remain in place, as does our commitment to service and quality. 

Board Chair Bruce Scott says, “There is a lot to be proud of for Miraka over the past 15 years, having grown to become New Zealand’s second largest Māori-owned exporter. However, there are significant challenges that come with being a standalone regional processor operating in a global market. Under Open Country Dairy’s ownership, our Miraka whānau will be part of a strong NZ-owned network serving the global dairy market.” 

Miraka will continue to operate its current name and brand in the market, and will work closely with our suppliers, kaimahi, customers, key stakeholders and local community to ensure a smooth transition and long-term benefits for our community.  

Recently, the company announced an opening 2025/26 season Farmgate Milk Price forecast of $8.85–$10.85 per kgMS, with a midpoint of $9.85 per kgMS. 

 The low-carbon dairy processor says its forecast reflects confidence in strong global dairy demand and reinforces Miraka’s focus on delivering transparent, reliable value to its suppliers.

 “While others in the sector have announced a $10.00 headline price, it’s important to understand the full picture. At Miraka, we believe in being transparent — our $9.85 per kgMS midpoint is clearly stated and grounded in market fundamentals,” said Acting CEO, Richard Harding

Miraka also offers its suppliers the opportunity to earn up to 20 cents per kgMS in additional premium payments through its Te Ara Miraka farming excellence programme, now in its tenth year.

Joan Barendsen, General Manager On-Farm Excellence said, “When the average Te Ara Miraka premium is included, the total forecast payout for 2025/26 rises to $10.02 per kgMS. Te Ara Miraka rewards on-farm excellence in areas such as milk quality, animal welfare, staff development and sustainability.”

Since launching Te Ara Miraka in 2015, Miraka has paid in excess of $25 million in performance-based premiums to its farmer suppliers.

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