DairyNZ: Strong payouts offset high farm costs
The dairy sector is in a relatively stable position, with strong milk price payout forecasts continuing to offset ongoing high farm costs, according to DairyNZ.
Chief executive Tim Mackle says over 2000 regional discussions groups with case study farms were held during 2014-15.
He says the exercise achieved an average gain of $90,000 after implementing action plans; an increase of 50% over the previous year.
This year DairyNZ will spend $17 million on farm profit activities, 2% more than last year.
Mackle says the activities include field days to help farmers weather the low milk payouts.
Other top spends this year will be R&D ($18m), biosecurity and product integrity ($17m), environmental stewardship ($13m) and people ($8m).
