Mike Davey, regional manager at Ravensdown, says he is delighted the co-operative is in a position to pay an early interim cash rebate for the fourth year running.

"Paying $15 for every tonne purchased before the last day of May this year, is great news for farmers and farming services businesses in the Taranaki.

"It signals the co-operative is tracking well despite challenges with the weather over the summer and a slower season than last year. The money will be in shareholders' accounts in June. which helps with their cashflow."

Mike says there might be more good news coming as well.

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"Of course there's likely to be a further final rebate, but that's up to the board to decide after assessing the financial year accounts."