Dairy sector profit still on the table, but margin gap tightens
DairyNZ’s latest Econ Tracker update shows most farms will still finish the season in a positive position, although the gap has narrowed compared with early season expectations.
One B+LNZ levy payer questioned why the organisation was investing with an independent wealth management and investment company.
He suggested that it could be better invested in dairy farms in NZ. Dairy farmers are in line for a record $10/kgMS milk price this season and some analysts believe another $10 could also be on the cards next season.
As B+LNZ chair Kate Acland remarked, the suggestion would have been music to the ears of DairyNZ chair Tracy Brown who was also in attendance.
