NZ Dairy Farmers Set for Multi-Billion Windfall
New Zealand dairy farmers are set to receive a record multi-billion-dollar, tax-free capital payout following the sale of Fonterra Co-operative Group’s consumer brands business, with proceeds from the NZ$4.2 billion deal being distributed to around 8,000 farmer-shareholders. The average payout is estimated at about NZ$400,000 per farm, marking one of the largest cash injections into…