DairyNZ has released an updated national average breakeven figure for the season of $7.51 excluding principal repayments on debt. That means on average, farmers will be losing at least 76 cents on every Kg/MS they produce this season. Federated Farmers Dairy Chair Richard McIntyre says Two weeks ago, farmers were looking at a midpoint of $8/kg MS, but things have rapidly deteriorated and we’re now looking at $6.75.
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