NZ dairy farm­ers’ re­ward

Townsville Bulletin - - Investor -

DAIRY gi­ant Fon­terra says its pay­out to farm­ers this sea­son is set to beat its 2008 r e c o r d o f $ 7 . 9 0 / k g milk­solids, mean­ing t he dis­tributable sur­plus in May will be equiv­a­lent to nearly $ 735,267 f or t he av­er­age farmer.

The fig­ure, based on pro­duc­tion slightly higher than last sea­son’s 1.286 bil­lion kilo­grams of milk­solids, will not only be a bonanza for dairy farm­ers, but means an in­jec­tion of more than $ 10 bil­lion into re­gional economies, in­clud­ing quake-hit Can­ter­bury.

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Henry van der Hey­den Henry van der Hey­den said the fore­cast was ‘‘ good news for the New Zealand econ­omy in the post-earth­quake en­vi­ron­ment’’, as well as for some cop­ing with dif­fi­cult weather con­di­tions.

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