Photo: FonterraFonterra is "confident" it can get another double-digit payout over the line after handing farmers a record $10.16 for each kilogram of milksolids produced in 2024/25. Federated Farmers Dairy chairman Karl Dean said the past season had been a good result for Fonterra and dairy farmers. "A strong milk price, strong dividend is, all in all, very positive for New Zealand's dairy farmers and the economy. Mr Dean said farmers appreciated a strong dividend being delivered with a high payout when milk was costlier. He said Fonterra had taken important steps towards growing value for farmers by focusing on being a dairy nutrition provider.