NZ dairy farm allure tarnished by shrinking capital gains, increased red tape

Thu, 07 Dec 2017

By Jonathan Underhill Dec. 7 (BusinessDesk) - New Zealand dairy farmers have been delivered a short-term setback with Fonterra Cooperative Group's cut to its forecast milk payout. Longer-term some of the gloss has come off as well. They're grappling with the second spring season in a row where wet weather has hampered grass growth, followed by a record dry November for many parts of the country that could herald drought conditions. For the 2017/18 season, Fonterra has cut its forecast New Zealand milk collection by 1 percent to 1,525 mill...

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