Arla targets $25b in total revenue
European dairy co-operative Arla Foods is forecasting a total revenue of nearly $25 billion this year.
At least 2000 farmers marched in London last month to pressure the Government to do more to address Britain's agricultural crisis.
Coachloads of farmers arrived at Westminster for a march organised by campaign group Farmers for Action, which wants the Prime Minister to acknowledge that there is "a major problem" in the agricultural sector.
"Falling prices across the industry are making production unsustainable. People cannot take this any longer," said David Handley, a protest organiser and dairy farmer in Monmouth, South Wales.
Low wholesale prices for goods including milk and cereal have caused income to plummet for many UK farmers.
According to Government figures, the average income of dairy farmers will have dropped by 45% in this tax year to £46,500.
In advance of the Budget, Finance Minister Nicola Willis put a clear damper on expectations and delivered accordingly.
Farmers should be cautiously optimistic as the 2026/27 season kicks off, says DairyNZ.
RaboResearch senior analyst Emma Higgins expects the 2026/27 dairy season to be another profitable one.
The new dairy season is kicking off with plenty of risks to the forecast farmgate price, both upside and downside, says ANZ agricultural economist Matt Dilly.
A potential showdown between the top two Federated Farmers leaders looms at the farmer lobby's annual meeting later this month.
FarmIQ Systems has developed a free land management app to help remove barriers to New Zealand farmers and growers adopting digital tools.