Milk prices are continuing to head in the wrong direction with one leading milk processor announcing it will pay farmers less for milk than it did in 2016.
The global milk supply ‘crunch’ continues to bite, negating a further build-up of stocks and fuelling further upside to the current price rally, according to Rabobank’s latest dairy outlook.
More than 600 farmers have applied to receive the Victorian Government’s quad bike safety rebate.
Qantas Freight has been named as the exclusive air freight partner to carry VAN Dairy’s fresh Tasmanian milk export to Ningbo, China.
Victorian farmers dealing with and recovering from drought will have access to additional funding for Drought Concessional Loans following strong demand with a total of 59 loans, worth $24 million, approved since October 2015.
The Victorian Government has announced further support for dairy farmers with $6.7 million of new programs to help them get through the dairy crisis and improve the long term resilience of dairy farm businesses.
Australian dairy producers entered the current global price downturn “well prepared” with sufficient equity levels, putting them in good stead to weather the current storm, according to a recently-released industry report.