Editorial: Less red tape
OPINION: Farmers have always been wary of the Resource Management Act (RMA).
OPINION: The first two Global Dairy Trade (GDT) auctions have delivered good news for dairy farmers.
Whole milk powder prices are on the up since November. However, a weaker than expected Chinese economy and lower milk production are potential roadblocks for a decent farmgate milk price.
Fonterra's revised forecast Farmgate Milk Price midpoint for the 2023/24 season is $7.50/kgMS, with a new forecast range of $7-$8/kgMS.
There's also some relief for dairy farmers with reducing feed and fertiliser costs. Overall, feed costs are projected to fall around 5% for the current season, driven by falling product prices.
According to DairyNZ, total farm working expenses have also seen an overall decrease, driven by feed and fertiliser prices this year, however, other costs continue to experience inflationary pressures.
DairyNZ's recently updated forecast data on the Econ Tracker, shows the national breakeven forecast currently sits at $7.79/kgMS.
DairyNZ is forecasting an average payout received of $8.06/kgMS, based on the estimated milk receipts for the 2023-24 season and dairy company dividends. This positive difference between the forecast breakeven and average payout will likely bring relief to some, particularly owner-operated farms.
While Fonterra's mid-point is still below the national breakeven forecast, the recent rises in global dairy prices augur well for farmers. But not everyone is optimistic about this season.
Ministry for Primary Industries (MPI) says dairy export revenue is forecast to decrease 7% to $24.1 billion in the year to 30 June 2024. This decrease comes off the back of record high export revenue of $26 billion in 2022/23.
With mixed messages from industry leaders, the onus will be on farmers to run a lean operation on farm.
With input costs on the decline and global dairy prices holding up, most farming businesses should end up in black.
The real winner of this year’s FMG Young Farmer Region-off have been the regional communities.
As calving approaches, farmers need to get their teams ready for what lies ahead in the coming months.
Feeling sluggish this winter? Then try some seasonal fruit, renowned for lifting mood, energy and immunity levels just when we need it most.
The missing link in getting maximum weight gain in your calves may be as simple as keeping them warm, says the Christchurch manufacturer of a range of woollen covers for young livestock.
Rural Women New Zealand (RWNZ) and Massey University are joining forces to help raise awareness and funds to combat leptospirosis.
Auckland-based supplement and nutritional company New Image International is celebrating 40 years of business in their home country.
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