Dairy farmers need to reconsider 'smart level' of debt, Feds dairy chairman Hoggard says

Mon, 27 Jun 2016

By Fiona Rotherham June 27 (BusinessDesk) - Dairy farmers need to ask themselves what a smart level of debt is given the risk profile for the next decade is likely to be different than the last, says Federated Farmers Dairy chairman Andrew Hoggard. Compared to other countries New Zealand has a very high debt level on its dairy farms, Hoggard said at the dairy industry group’s annual meeting. There were several factors for that, including in many cases farmers in other countries haven’t been able to expand because of regulations and theref...

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