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4 Jul 2025 16:29
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  •   Home > News > Rural

    Bad news for dairy farmers that's likely to have ramifications across rural New Zealand

    Bad news for dairy farmers that's likely to have ramifications across rural New Zealand


    Fonterra
    Fonterra
    Fonterra has revised down its forecast Farmgate Milk Price -- reducing the midpoint by 20 cents, to eight-dollars-30 per KG of milk solids.

    It comes ahead of another expected rise to the Official Cash Rate on Wednesday.

    The Country's Jamie McKay says with a lower pay-out, and rising costs and interest rates, many farmers will no longer be making money.

    He says it's going to be a tough winter -- with rural towns and businesses hit the hardest, as farmers reduce their spending.

    © 2025 Newstalk ZB, NZCity

     Other Rural News
     29 Jun: Dairy farmers are remaining optimistic, despite some road bumps
     04 Jun: Dairy prices are down 1.6 percent at the latest Global Dairy Trade auction
     29 May: Good news for Fonterra dairy farmers - accompanied by a "but"
     29 May: Fonterra's reporting a strong rise in profit, while warning of more global uncertainty on the horizon
     26 May: Farmers are sounding the alarm - warning the sheep industry is collapsing
     25 May: Strong global dairy commodity prices are expected to be good news for farmers this season
     22 May: New Zealand farmers are benefiting from a dairy renaissance
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