Fonterra renews investment in AgriZeroNZ partnership

NEW ZEALAND – Fonterra has committed US$17.35 million (NZD$31 million) over three years in the next phase of AgriZeroNZ, the public-private partnership working to find practical, affordable solutions to on-farm emissions. 

The partnership brings together the Government and agribusiness organisations – including Fonterra, Synlait, the a2 Milk Company, Silver Fern Farms, ANZCO, Ravensdown, Alliance, Farmlands, Rabobank, ASB, ANZ and BNZ – to drive progress on reducing biogenic methane emissions. 

Fonterra CEO Richard Allen stated that recommitting to AgriZeroNZ accelerates progress by bringing government and agribusiness together to develop the tools farmers need at a scale and pace that wouldn’t otherwise be possible.

“The continued investment keeps momentum in AgriZeroNZ’s important mission. Reducing on-farm emissions is likely going to require a multi-faceted approach, so continued investment supports a portfolio of methane and other mitigation tools moving closer to farm-ready solutions.”

Since the partnership’s launch, funding has been committed across more than 20 ventures, research projects and trials, with the aim to have a range of tools available to New Zealand farmers by 2030. 

AgriZeroNZ is a world-first investment fund established in 2023 by the Government and major agribusiness companies to ensure pasture-based farmers have equitable access to affordable, effective tools and technology to reduce agricultural emissions while maintaining efficiency, production and profitability.

Fonterra reports revenue of US$15.3B in FY26

The company reported US$15.33 billion in revenue and nearly US$11.35 billion in cash returns to New Zealand farmer owners and unit holders in its FY26 annual results.

Total Group operating profit was US$1.93 billion, up 97.6% on the prior year, including a US$681.1 million Mainland divestment benefit, while Profit after tax was US$1.48 billion, up 142%.

The final Farmgate Milk Price for the 2025/26 season was $9.69 per kgMS. The Co-op also declared a final fully imputed dividend of 33 cents per share, bringing fully imputed total dividends for the year to 73 cents per share.

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