Wednesday, 21 October 2015 07:00

Dairy remains cash cow

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The dairy industry contributed 37% of the total value of New Zealand's primary exports in 2014-15, according to DairyNZ.

This was revealed last week at DairyNZ's annual meeting in Morrinsville.

Dairy earnings for the year totalled $13.2 billion. Waikato remains the dairy heartland with 34% of the herds; it produced $2.4b of milk last year.

The Waikato's 4020 dairy herds produced 518m kgMS in 2014-15, 27% of NZ's total milk production. But Waikato's $2.4b earnings were down $1.8b on the 2013-14 season when the high milk price ($8.47 average payout) boosted the region's coffers by $4.2b.

Outgoing DairyNZ chairman John Luxton says the 2014-15 season's low milk price has affected all farms as owners and sharemilkers strove to remain profitable.

"The value of milk production to Waikato's economy is huge; the region takes a big hit when farmers do," says Luxton.

The North Island had 74% of herds, producing 59% of total milksolids; the South Island 26% of herds but produced 41% of milksolids.

The industry employed 40,730 people during the year; 27,830 worked on farms and 12,900 in processing and wholesaling.

The total number of herds reached 11,970; average herd size was 419. Last year the industry had 5 million cows.

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