CLOS­ING PRICE MEANS NOTH­ING UN­TIL MONEY IN THE BANK

Dairy News Australia - - NEWS -

TIM AND Brid­get Goulding cur­rently milk more than 100 cows on their prop­erty in Strath­mer­ton, but nor­mally would be milk­ing about 150 to 160 and had been sup­ply­ing Fon­terra and Bon­lac for 20 years.

‘‘In a low in­put sys­tem, it will be pos­si­ble to make an in­come on (the open­ing price), but the main thing is the car­ry­ing of the money from the year be­fore,’’ Mrs Goulding said.

‘‘If you were start­ing afresh, it’s quite a good open­ing price.’’

‘‘It’s the re­pay­ment we’ve got to make on that now, it is a loan and the prin­ci­pal re­pay­ments on it start on the 15th of July dairy cheque and con­tinue to come out for three years,’’ Mrs Goulding said.

‘‘We will just grad­u­ally in­crease num­bers again, the main thing is the abil­ity to de­liver on their pro­jec­tions, be­cause it is just that,’’ Mr Goulding said.

‘‘Hav­ing opened at $5.30, it doesn’t leave much room for the mar­ket to flat­ten off again.’’

‘‘That is a con­cern, as in their ACCC sub­mis­sion, Fon­terra does not agree with calls to ban step-downs, they say it would mean open­ing at a lower or more con­ser­va­tive price,” Mrs Goulding said.

‘‘I don’t think we can ever be look­ing at what our clos­ing price will be again un­til it’s ac­tu­ally money in our bank, be­cause 55 days out from the end of the sea­son and they took the money back off ev­ery­one, it’s dis­gust­ing.’’

Brid­get Goulding

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