"Our" business?
OPINION: One particular bone the Hound has been gnawing on for years now is how the chattering classes want it both ways when it comes to the success of NZ's dairy industry.
NZ dairy farmers need to keep the focus on the cost of production, because New Zealand is the only system in the world that can live through the current volatility, says Fonterra chief executive Theo Spierings.
"I know it's not nice but the scene in Europe is much worse than what you see here because their cost price is almost double," Spierings told Dairy News.
The middle to long term prospects are "absolutely good", he says.
"Our strategy is connected to the market opportunities and our strategy is working," he says. "But at this point in time .... There are multiple areas in the world, demand pools, which have dried up for a while.
"While the middle to long term is positive, the farmers will have to manage through these low prices and the only way to do that is manage your cost price.
"We will try to do get as much money from the market as possible, but cost price on farm is crucial. We have to turn the wheel, get value from the market. Our farmers are focusing on cost."
Farmers will hopefully have enough to keep going with the current forecast of $4.50/kgMS farmgate milk price, with the 50c support and 40-50c earnings per share, bringing the payout to a potential $5.60 including the loan.
"I really do believe in the second half of this year we could see a completely different scene with a significant weather event."
According to the most recent Rabobank Rural Confidence Survey, farmer confidence has inched higher, reaching its second highest reading in the last decade.
From 1 October, new livestock movement restrictions will be introduced in parts of Central Otago dealing with infected possums spreading bovine TB to livestock.
Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
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