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Understanding My Milk Price
Manage episode 330337823 series 2932023
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It’s the 1st June - an important date in the Australian dairy calendar. Most listeners will know that under the dairy Mandatory Code of Conduct, processors are now required to announce their minimum farm gate milk price today in their milk supply agreements.
My guest this episode is Janine Waller, Executive Director of Australian Dairy Products Federation or ADPF - the nations peak body for dairy processors, marketers and traders. Janine has a history spanning more than 20 yrs working in the food industry, consulting to market leading clients such as Dons Smallgoods and also working with Lion Dairy and Drinks for 13 yrs. We discuss some of the domestic and international drivers behind the milk prices being announced and the current challenges being experienced across the nation by farmers with inflationary impacts on input costs. We also highlight the Milk Value Portal that aims to provide transparency behind milk pricing in Australia. The MVP is a web-based portal that houses some excellent resources and tools to help understand the complexity of milk pricing in Australia. It provides links to processor milk supply agreements with minimum pricing and enables farmers and others to understand pricing in their own region.
Useful resources related to this podcast:
Processor Milk Supply Agreements (MVP)
Processor Milk Supply Agreements (NSW specific)
The ‘What-if’ impact on value
This podcast is an initiative of the NSW DPI Dairy Business Advisory Unit
It is brought to you in partnership the Hunter Local Land Services
Please share this podcast with your fellow farmers and colleagues and feel free to contact us with suggestions or comments via this email address thebusinessofdairy@gmail.com
Further NSW DPI Dairy channels to follow and subscribe to include;
DPI Intensive Livestock Twitter feed
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The information discussed in this podcast are for informative and educational purposes only and do not constitute advice.
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