The 18-year-old will also be given the opportunity to carry out some paid work experience during breaks from his studies towards a bachelor of commerce degree.
The Oceania scholarship is available to young people in the Waimate and Waitaki districts who have completed secondary school and are moving into further education or training.
The scholarship targets education or training that can lead to a career in the dairy industry or could enhance relations between New Zealand and China.
Mr Batchelor, who will major in finance, welcomed the scholarship.
''The scholarship will relieve a huge financial burden as I fund my way through university,'' he said.
''It will also expose me to the operations of a successful global company as I work with Oceania throughout my studies.''
Oceania chief executive Aiden Johnstone said the scholarship showed the company was investing in people and supporting local communities.
