Ravensdown is paying a total annual rebate of $45 per tonne after a third year of strong results.
The 10 per cent increase in rebate on purchased products compared to last year was due to continued balance sheet strength, growing market share and a profit before tax and rebate of $51 million from continuing operations.
"All-year value is important to farmers, so I'm delighted we were able to deliver this rebate as well as having led major price reductions throughout the year," said Ravensdown Chairman John Henderson.
"This strong performance is now part of a consistent pattern Ravensdown has established. Strong years in 2015 and 2016 meant at the start of the last financial year, we were able to set ambitious targets to invest in infrastructure, to improve market share and to develop new technology," said John Henderson.
"I am so pleased that, for the third year in a row, our targets were achieved and we will still remain in the black after rebate and taxes."