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

Published 2024년 5월 22일

Tridge summary

Australian dairy farmers are experiencing profitability due to improved weather conditions, strong milk price, and stable input costs, as reported by Dairy Australia. Despite climate and market volatility, farmer confidence remains high, with 80% feeling positive about their businesses. Milk production for the 2023/24 season is expected to exceed forecasts, but a slight decrease is anticipated for the next season. The retail dairy sector is thriving, with reduced imports of overseas dairy products. However, global dairy commodity markets are struggling with supply and demand imbalances, and it is expected that farmgate milk prices will be lower in the 2024/25 season, which could impact production decisions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...

Source: Farmweekly