High returns from Fonterra have helped bring the Parininihi ki Waitotara incorporation, whose interests include 22,000 hectares of productive farmland, back into the black.
General manager Dion Tuuta says that on the back of Fonterra's projected payout of $7 a kilo for milk solids, the committee of management has recommended a dividend payout this year.
Mr Tuuta told Waatea News, however, that the group's appetite for risk had been curbed by its disastrous investment in a Brisbane property development, which cost it more than $30 million.
As a trial, he says, Parininihi ki Waitotara intends to put managers on two of its 13 dairy units, rather than the more traditional 50-50 sharemilking arrangement.
