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.
Each year, two farmer directors from each of the 'industry good' organisations must retire by rotation at their annual meetings but can stand for re-election.
Word around the traps is that there will be an organised and concerted effort from angry farmer levypayers - of both Beef+Lamb and DairyNZ - to send a message about their unhappiness at the way both organisations have 'capitulated and yielded' to the current government over the last couple of years - especially in relation to greenhouse gas legislation.
Your old mate has seen similar farmer revolts take place over the years, which has seen the electoral slaughter of standing directors.
It will be interesting to see if history repeats itself this year.
