Making the Most of the Fonterra Capital Return Payment // Dave Handley, BNZ

The Fonterra capital return payment to dairy farmer shareholders following the sale of their consumer brands to Lactalis is hitting New Zealand farmers’ bank accounts on April 14th 2026, which is an average $400,000 payout. This episode reveals the smart, strategic moves dairy farmers can make with this opportunity. Dave Handley, BNZ’s General Manager of Agribusiness and Corporate Banking, breaks down what this $3.2 billion capital return means for farmers across New Zealand. He talks about how the payout compares to a full season’s cash flow providing a unique chance for Fonterra farmers to accelerate debt repayment, fund expansion, or explore succession planning. Dave says that off-farm investments are often an overlooked opportunity and emphasised the importance of prudent financial decisions during this exciting but potentially stressful time. BNZ has over 100 Agri bankers based around New Zealand, who are working with their farming customers on practical strategies to support making the right choice for the different stages they are on in their farming journey. BNZ is also reminding farmers to stay vigilant to potential scams. Always stop and check before making any payments. Never share banking information including passwords, PIN or security codes. And if you think you’ve been scammed or something doesn’t feel right, contact your bank immediately. For over 160 years, BNZ's Agribusiness Partners have worked alongside farmers, bringing the expertise to support them through the seasons. To see how that support can work for you, speak to your local partner. Search BNZ Agribusiness. This episode contains general information only and does not constitute financial or professional advice. Opinions expressed are those of the speakers and not necessarily BNZ. BNZ is not liable for any losses resulting from the content. CountryWide CONNECT with Andy Thompson & Sarah Perriam-Lampp is our daily rural show livestreamed from 11am-1pm. Visit country-wide.co.nz on how to watch / listen.See omnystudio.com/listener for privacy information.