Norco is committed to building its financial strength and stability, which includes enhancing the economic vitality and diversity of the rural and regional communities in which we operate, securing a sustainable supply chain and developing win-win partnerships in the markets that we serve.
As an established, vertically and horizontally integrated agricultural
Norco’s farmer members receive a range of payments and indirect economic benefits. Total member returns comprise payments for milk supplied, dividends and a supplier patronage scheme reward. In addition to these direct financial returns, there are indirect financial benefits that accrue to members including the provision of credit facilities and reduced financial risk. Norco also provides its members with training and extension services, advice from agronomists and field officers, study tours, and special assistance in times of need such as natural disasters.
Total member returns over the past six years have ranged between 52.19 and 57.22 cents per litre comprising mostly milk payments, with dividends and supplier patronage rewards generally making up less than one cent per litre of the total return.