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Europe is trying to rein in milk production by its 52,000 dairy farmers by paying them to not produce milk.
Farmers have rushed to get the cash ‘carrot’ -- 150 million euro (NZ$233 million). Agricultural commissioner Phil Hogan predicts this will cause production to fall at least 2% by late 2016, after four years of continuous increase.
It’s a last resort, said an EU official, after an earlier attempt to rein in the farmers failed. Each farmer who applies will milk 20 tonnes less (average) and will get 2800 euros (NZ$4363) compensation.
New Zealand’s dairy sector cannot expect India to be a market for all its dairy products.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
OPINION: Most people will be aware of the Government's plans to boost coal, oil and gas production to meet energy requirements.
AgriZeroNZ has entered a new partnership with Britain's national innovation agency, Innovate UK.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.
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