Fertiliser company Ravensdown will pay farmers a total rebate this year of $41 per tonne, after posting an almost 35% rise in profit.

It's announced a profit before tax and rebate figure of $62m for the year, up $22m on last year.

Chairman John Henderson says the result stems from year-on-year progress on a variety of fronts, including leading price reductions during the year and capping superphosphate prices.