date:Jul 30, 2014
ticipated some recovery in global dairy prices, but it is too early to predict how strong it would be or when it would kick in.
Federated Farmers, the industry lobby, warned politicians to cut their cloth in making pledges before September's general election as farmers prepare to cut costs themselves.
Federated Farmers dairy chair Andrew Hoggard said the drop in earnings is a surprise, although farmers have anticipated a fall in earnings.
It means farmers will need to watch costs closely and