Positive cashflow for dairy farmers 'unlikely' until 2018: ANZ

Mon, 01 Aug 2016

By Edwin Mitson Aug. 1 (BusinessDesk) - ANZ Bank New Zealand, the country's bigger lender, has warned dairy farmers are unlikely to see positive cashflow for another 18 months. In analysis published shortly after Fonterra Cooperative Group confirmed its milk price forecast of $4.25 per kilogram of milk solids, ANZ's agri-economist Con Williams said most farmers had budgeted at around $4.30/kgMS and "most continue to show a cash loss of $0.50-0.70/kgMS at these figures despite a number of cost reductions and farm management changes." Posi...

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