ORC piling more regulation on farmers - Feds
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Federated Farmers says this morning's Global Dairy Trade auction, which delivered a third straight drop in the price index, was disappointing but not unexpected.
Federated Farmers dairy industry chair Andrew Hoggard says other indicators are also showing weak demand.
"While it's a concern to have had three drops in a row, this is balanced to some extent by the increase in the earnings per share announced by Fonterra earlier this week, which does give a little morale booster by signalling that improvements are happening in the value add space at least, within Fonterra," says Hoggard.
"Farmers are a pragmatic bunch and have long since accepted that this will be a difficult season. While we obviously hope for stronger prices, dairy farmers have long since taken steps to reduce costs and equip themselves to weather the storm," says Hoggard.
This morning's GlobalDairyTrade auction saw the GDT price index down 7.9%, its third consecutive drop.
Milk powder prices tumbled; whole milk powder was down 11% to US$2148/tone and skim milk powder down 8% to US$1851/tonne.
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
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