Displaying items by tag: payout

Primary Industries Minister Nathan Guy says the agriculture sector remains in good heart despite Fonterra’s recently announced reduced forecast payout. 

Colin Guyton says for the first time since he’s been farming he didn’t receive a milk cheque in July, in common with almost everybody and a cause of stress and concern. 

Fonterra has announced a best-guess payout forecast of $5.25/kgMS for 2015-16. The bigger surprise was the final payout for 2014-15 of $4.40/kgMS, down another 10 cents. 

The payout news has been pretty average recently, so no surprises that confidence in the industry isn’t at an all-time high.

The 2014-15 season will be a season to forget for Fonterra farmers.

Westland Milk Products has confirmed its payout for the 2014-15 season will remain unchanged at $4.90 - $5.10/kgMS but its prediction for the 2015-16 is more positive.

How low will you go? How long will you stay there? Those are the questions Dairy NZ is asking at the latest round of ‘Tactics for Tight Times’ workshops around the country.

The financial pain for dairy farmers will hit home early in the coming season, according to the head of Federated Farmers dairy section Andrew Hoggard.

Dairy industry optimists have for months been talking up the future, saying things will improve.

A crisis looms in the dairy industry as the implications of the $4.50 payout starts to hit home.