Fonterra Has Reduced Its Milk Price Forecast. Here’s What Farmers Should Do Next.
A blog post by CMK Accountants. Fonterra’s recent decision to reduce its opening Farmgate Milk Price forecast from $9.75/kgMS to $9.25/kgMS has understandably caught the attention of dairy farmers. While a 50-cent reduction isn’t welcome news, it’s important to remember one thing: This is a forecast—not the final payout. The dairy industry has always been cyclical and forecasts can move several times throughout a […]
Fonterra Has Reduced Its Milk Price Forecast. Here’s What Farmers Should Do Next. Read More »