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.
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.
