DairyNZ Has Revised Its Breakeven Milk Price, As Farmers Navigate The Challenging Economic Conditions They Face This Season

DairyNZ has revised its breakeven milk price, as farmers navigate the challenging economic conditions they face this season. DairyNZ head of economics, Mark Storey, says many dairy farmers will be finding the current milk price and inflation issues difficult to take, causing real concern on many farms. He says the breakeven milk price is helps identify and forecast average costs. DairyNZ forecasts a national breakeven of $7.51/kgMS for this season, down from $8.16/kgMS and reflecting the changes farmers are making now. The breakeven milk price sits above Fonterra’s midpoint forecast of $6.75/kgMS which means some farmers will make a loss this season. Farmers in need of help should reach out for advice and support as needed, including calling Rural Support Trust on 0800 787 254.