Dairy sector profit still on the table, but margin gap tightens
DairyNZ’s latest Econ Tracker update shows most farms will still finish the season in a positive position, although the gap has narrowed compared with early season expectations.
Each year, two farmer directors from each of the 'industry good' organisations must retire by rotation at their annual meetings but can stand for re-election.
Word around the traps is that there will be an organised and concerted effort from angry farmer levypayers - of both Beef+Lamb and DairyNZ - to send a message about their unhappiness at the way both organisations have 'capitulated and yielded' to the current government over the last couple of years - especially in relation to greenhouse gas legislation.
Your old mate has seen similar farmer revolts take place over the years, which has seen the electoral slaughter of standing directors.
It will be interesting to see if history repeats itself this year.
