Farmers back government’s RMA reforms
Farmers appear to be backing the Government's recent Resource Management Act (RMA) reforms announcement.
Federated Farmers Dairy chairman Andrew Hoggard says this morning's Fonterra Global Dairy Trade (GDT) result is shocking.
Hoggard says farmers thought the slide in dairy prices over the last few months had bottomed out.
"Everyone has been talking up the chances of prices rising but this is not the case," he told Rural News online.
This morning's GDT event saw the price index down 5.9%.
The biggest fall was recorded by WMP, which is Fonterra's main export.
WMP slumped 10.8% to US$2054/metric tonne. Skim milk powder is down 5.8% to US1875/MT.
Hoggard says the 10.8% drop in whole milk powder prices is the biggest worry.
"It's hard to know the reasons behind today's big fall in prices," Hoggard says.
Key Results from this morning
AMF index up 1.6%, average price US$2,855/MT
Butter index down 0.3%, average price US$2,694/MT
BMP index down 8.1%, average price US$1,878/MT
Ched index down 4.9%, average price US$3,060/MT
LAC index not available, average price not available
RenCas index down 4.1%, average price US$5,901/MT
SMP index down 5.8%, average price US$1,875/MT
WMP index down 10.8%, average price US$2,054/MT
Farmers appear to be backing the Government's recent Resource Management Act (RMA) reforms announcement.
For the first time, all the big names in agricultural drone technology are being brought together under one marquee at the National Fieldays.
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
The Fieldays Innovation Awards competition has attracted a diverse and impressive array of innovations from across the primary industries, highlighting the growing importance of technology shaping the future of farming.
Coming to the fore following the carnage of Cyclone Gabrielle, Starlink became well known for providing internet access even in NZ's most inaccessible places.
From this winter farmers will have a greater choice of feed types and blend options than ever before, thanks to Farmlands' purchase of animal nutrition company SealesWinslow.
OPINION: The Free Speech Union is taking this one too far.
OPINION: New national data from The Drug Detection Agency (TDDA), a leading workplace drug tester, shows methamphetamine (meth) use is…