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12 Aug 2020 3:46
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  •   Home > News > Rural

    Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed

    Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed


    Fonterra
    Fonterra
    The Covid 19 crisis led dairy giant Fonterra to forecast a broad range of $5.40 to $6.90 per kilogram of milk solids for the 2020-21 season.

    Such a big range in the forecast payout, makes it difficult for farmers to budget.

    Federated Farmers North Canterbury president Cameron Henderson says some of our main markets are still fighting the virus and consumers are unable to buy our milk products.

    He says a payout above six dollars, would be welcomed by many farmers.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     17 Jul: Rapid gains in the New Zealand dollar have seen Fonterra trim its forecast payout by five cents for the recently completed season
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
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