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.

White Gold

Hundreds of dairy farms once covered the rolling green hills of the Atherton Tableland in Far North Queensland. Today, only a fraction remain, and often local supermarkets run out of milk. However, high milk prices and the return of the local factory to Australian ownership are seeing a rebirth of the industry.

The link to watch this video can be found here.

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