Fonterra shaves 50c off forecast milk price
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.
Farms are expected to benefit from experimental work by the Department of Conservation and Fonterra as they jointly trial floating wetlands in Waikato.
Developed by Massey University, the wetlands consist of native wetland plants in buoyant ‘rafts’ that sit on the water surface. These are capable of removing large amounts of nutrients: the rafts filter water in drains and runoff before it enters waterways.
This ‘Living Water’ project has located floating wetlands in drains around Lake Areare (near Ngaruawahia) to monitor the technology. The drains are “nutrient enriched”, the trial partners say.
DOC ranger Michael Paviour, leading the work in Waikato, says good early results are seen in the trial.
“The wetlands have only been installed for a short time, but initial tests and rapid plant growth show they’re doing a good job of removing nutrients from the water.
“The floating wetlands are not a ‘silver bullet’ for raising water quality but, used with silt traps and riparian planting, they are practical and effective.”
Living Water leader Tim Brandenburg says the floating wetlands could help farmers manage nutrient levels in ponds and drains.
“Floating wetlands don’t just remove nutrients from waterways, they also attract birds and insects and the grasses can be harvested as a feed supplement.”
The trial will run until mid 2017 and if the good results continue the floating wetlands could be in waterways nationwide.
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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