Sagging dairy prices push a quarter of farms into negative cash flow, RBNZ says

Tue, 12 May 2015

By Paul McBeth May 13 (BusinessDesk) - Persistently low dairy prices are keeping New Zealand farmers under pressure with about a quarter of dairy farms experiencing negative cash flow in the current season, according to the Reserve Bank. The dairy sector, which produces New Zealand’s biggest export commodity, is seen as a risk to the nation’s financial stability, with low global prices for milk products weighing on cash-flow, particularly for those farms with elevated levels of debt. Large deferred payments from last season’s record payou...

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