NZ dairy farmers’ reward
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.