Nathan Penny, ASB rural economist.

The guessing game has begun to predict what dairy farmers will get for their milk this season.

Farm sales increased by 22.3% in the three months ended December 2019 compared to the three months ended November 2019.

Farm sales were down 21.6% for the three months ended December 2019 versus the year prior ­— but sales look to be lifting.

 
The GDT price index rose 1.7% overnight.

The second Global Dairy Trade (GDT) auction of the year has delivered another positive result.

 
Andrew Hoggard.

Federated Farmers vice president Andrew Hoggard will be standing for president of the farmer lobby at this year’s annual meeting in June.

There are signs that debt levels have started to drop because of the higher pay-out.

There have been some encouraging signs for dairy farmers recently, says Rabobank national manager for food and agribusiness banking, Hamish Midgley.

Keeping an eye on the changing farming horizon is priority for the new chair of the Ruralco rural supply chain, Mid-Canterbury dairy farmer Jessie Chan-Dorman.

After a sharp decline last month, dairy prices rose 2.8% overall in the first auction of 2020.

DairyNZ will hold a series of farmer meetings over the next two months to help participants better understand what is driving changes in the sector and how to respond.

Global dairy prices have recorded one of their biggest drops on the Global Dairy Trade (GDT) platform.

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