Butter prices – how they are better than ever
So why are farmers losing $500 million?
Dairy Farmers Victoria said despite record-high butter prices, its research showed about $500 million "will not find its way into pockets of dairy farmers" this season, after milk processors cut opening milk prices by 10 to 16 per cent.
"We understand that milk processors have been under pressure, but we believe there has been a gross over-correction to farm gate milk price," president Mark Billing told the Victorian Country Hour.
"We need to work together with processors to share the risk, and a milk price at the lower end of $8 per kilogram of milk solids is not sharing the risk, it's putting all the risk on farmers."
Dairy producers are leaving the industry amid record high prices.
To read the article and listen to a video courtesy Landline and Gippsland Reporter Emma Field.
Matt Brann & Warwick Long, Landline, 9 July 2024.
Dairy farmers Ruth and Neville Kydd say water buybacks hurt environment
Irrigation is a key component of on-farm biodiversity, argues Riverina dairy producers Ruth and Neville Kydd, Avonmore, Finley, NSW.