Forum Archive Index - February 2003

["mvanv" <mvanv@xtra.co.nz>]

This time last year, sharemilkers purchasing thier first farm were budgetting on a payout of $4.00/kg. 

Last week Fonttera announced that the payout would be, at best  $3.60/kg milk solids. With  the average dairy farm producing around 100,000 kg  these young farmers have taken a $40,000 hit.

 

I don't see the dollar taking a sharp fall. I think it's more likely to continue appriciating against the U.S. $

There is a possibility that some highly geared dairy farmers could hit the wall next season (2003-04)