Auction result welcome but industry needs to remain vigilant

19 August 2015

Auction result welcome but industry needs to remain vigilant

Federated Farmers has welcomed the outcome of this morning's GlobalDairyTrade auction, but says those in the dairy industry need to remain vigilant.

Dairy Industry Chair Andrew Hoggard says “The outcome of this morning’s auction suggests there might be light at the end of the tunnel, but what the industry needs is for this to continue and hold.”

“In the meantime, Federated Farmers will continue to work with farmers, sharemilkers and other key industry players to encourage them to re-examine their budgets and business plans, and to obtain the support of banks, farm advisors and other experts in making key decisions.

"Whether it’s seeking flexibility from your bank and suppliers or doing the sums on things such as culling, drying off early or once-a-day milking, there are a number of options that dairy farmers and sharemilkers can consider to ease the pressure they will continue to face.”
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