Richard McIntyre, Federated Farmers Dairy Chair, delves into Fonterra's $1.1 billion net profit for the financial year ending in July.
McIntyre highlights the significant ripple effects of this financial triumph on rural communities and the broader dairy industry.
He explains how Fonterra's robust dividend and increased milk prices will positively influence rural economies.
He also emphasises Fonterra's role in setting industry benchmarks, benefiting even non-Fonterra suppliers by fostering a competitive environment.
Listen to the full chat between Richard McIntyre and Dominic George above.
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