Levies return 26c/kgMS per year in value, DairyNZ reports
Milksolids levies paid by dairy farmers over the past six years have generated nearly $3 billion in value, according to an independent review.
DairyNZ chair Jim van der Poel says the latest SOPI report shows that NZ still relies on the agricultural sector for its wealth.
Speaking to Dairy News just after the launch of the report at Fieldays, he pointed out the significance of the fact that more than 80% of NZ's export earnings come from the ag sector. He says, despite the challenges in front of the sector, its contribution continues to grow and be the major contributor to our export earnings.
Van der Poel says its dairy exports that make it possible for Kiwis to buy cars and medicines and all the items that people take for granted. He says if it wasn't for the dairy industry the country would be a very different place.
"People don't connect the dots and realise this," he says.
He says the numbers in the report don't surprise him and says this illustrates just how resilient farmers are, despite the challenges outlined in the SOPI report.
"We have to take the challenges head on and try to work through them. We have confronted these all before and we will continue to find ways through them," he says.
Federated Farmers says it is cautiously welcoming signals from the Government that a major shake-up of local government is on its way.
Ashburton cropping and dairy farmer Matthew Paton has been elected to the board of rural services company, Ruralco.
The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate agricultural trade flows, prices, and production decisions.
National Lamb Day is set to return in 2026 with organisers saying the celebrations will be bigger than ever.
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
The chance of a $10-plus milk price for this season appears to be depleting.
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