DairyNZ: Strong payouts offset high farm costs
The dairy sector is in a relatively stable position, with strong milk price payout forecasts continuing to offset ongoing high farm costs, according to DairyNZ.
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.
