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Mark Neal: Head of Data Science at Dairy NZ on the drop in profits and rise in expenses for dairy farmers
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It's a tough time for dairy farmers with expenses up and profits down.
An industry survey has shown a suite of challenges for dairy producers including a drop in the payout for milk solids and a reduction in herd size.
It's caused operating profits to be down 27%.
Mark Neal, Head of Data Science at Dairy NZ, told Mike Hosking that it's emblematic of wider economic challenges.
He says farmers, like the rest of New Zealanders, are battling inflation and are being forced to watch costs.
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5422 episodes
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on August 14, 2024 00:02 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 425776197 series 2098285
It's a tough time for dairy farmers with expenses up and profits down.
An industry survey has shown a suite of challenges for dairy producers including a drop in the payout for milk solids and a reduction in herd size.
It's caused operating profits to be down 27%.
Mark Neal, Head of Data Science at Dairy NZ, told Mike Hosking that it's emblematic of wider economic challenges.
He says farmers, like the rest of New Zealanders, are battling inflation and are being forced to watch costs.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
5422 episodes
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