fbpx
Print this page
Wednesday, 13 October 2021 12:55

Victoria dairy sector leads the nation

Written by  Staff Reporters
Victoria is a leading contributor to Australia's dairy industry, accounting for 77% of Australia's dairy exports valued at A$2.1 billion. Victoria is a leading contributor to Australia's dairy industry, accounting for 77% of Australia's dairy exports valued at A$2.1 billion.

A new report has revealed that in 2020-21 Victorian farmers experienced the best financial returns in more than six years as the sector continues to innovate and excel.

Victorian Minister for Agriculture Mary-Anne Thomas released the 2020-21 Dairy Farm Monitor report this month, which shows the hard work and resilience of farmers has paid off after experiencing some difficult years responding to recent dry conditions, low water allocations and market volatility.

Agriculture Victoria's Dairy Farm Monitor project is a collaboration with Dairy Australia to provide critical insight for industry into how the sector is tracking. The annual report is a comprehensive financial and prodution analysis of 80 Victorian dairy farm businesses in south-western Victoria, Gippsland and northern Victoria.

The quality benchmarking data in the report gives Victorian dairy farmers the ability to make comparisons and identify areas they could change to improve the productivity, profitability and sustainability of their businesses.

While average dairy farm profits were up across most of the state, dairy farmers in Victoria's north posted the best results, taking advantage of favourable seasonal conditions to record the highest profits this region has seen for 15 years.

Since the last report, farm cashflows have increased from the previous year, with 94% of farms recording a positive return. This financial rebound has enabled farmers to invest back into their businesses by repairing and upgrading infrastructure and machinery and improving pastures.

Victoria is a leading contributor to Australia's dairy industry, accounting for 77% of Australia's dairy exports valued at $2.1 billion.

The gross value of milk produced in Victoria is worth A$2.7 billion (2018-19). The sector supports almost 10,000 jobs with more than half of these workers located in regional Victoria.

More like this

FTA good for Aussies and for us – Groser

ANYTHING GOOD for Australia is in the long run good for New Zealand. That’s the reaction of Trade Minister Tim Groser to the news that Australia has signed a free trade agreement with China, and to speculation that their FTA with China is better than NZ’s, especially regarding dairy products.

Record profit for Victorian farmers

Dairy farmers in the Australian state of Victoria had a record profitable 2022-23 season, thanks to high milk prices and carefully managed high costs.

Aliens have landed

OPINION: A mutilation mystery is playing out on a remote Central Queensland property in Australia after a number of cows were found dead in inexplicable circumstances.

Co-op offers $1.50/kgMS more in Oz

A shrinking milk pool in Australia is forcing major processors, including Fonterra, to outbid each other and secure farmer suppliers for the new season.

Oz is better

OPINION: News that the Labour Government is spending taxpayer money to advertise to New Zealanders living in Australia that life is better there now they can get citizenship is appalling.

Featured

Sheep drench resistance costly

Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Hurry up and slow down!

OPINION: We have good friends from way back who had lived in one of our major cities for many years.

National

Govt urged to reduce ETS units

The Climate Change Commission wants the new Government to reduce NZ Emissions Trading Scheme (ETS) auction volumes as son as…

Dairy sheep, goat woes mount

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand…

Machinery & Products

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

Can-Am showcases range

Based on industry data collected by the Motor Industry Association, Can-Am is the number one side-by-side manufacturer in New Zealand.