Many dairy farmers report feeling 'stable and happy', says Dairy Australia

Many Australian dairy farmers report they are in a "stable and happy position" - the best outcome in a decade, says Dairy Australia. Improved weather conditions, a strong milk price, and overall stable input costs have provided grounds for profitability, Dairy Australia's May 2024 Situation and Outlook Report has shown. DA's Analysis and Insights manager Eliza Redfern said data collected as part of the 2024 National Dairy Farmer Survey indicated that Australian dairy farmers' confidence remained buoyant. "Despite increased climate and market volatility over the last four years, the proportion of farming businesses feeling positive about the industry's future over that time has remained relatively steady, at 68 per cent in 2024," Ms Redfern said. "The data also shows that 80pc of Australian dairy farmers are feeling positive about their own businesses and back-to-back profitable seasons have led to a growing number reporting they are in a "stable and happy" position." The report ...