date:Jul 30, 2014
cut their cloth accordingly. It means getting back on the computer to reforecast farm budgets. One thing for sure, the margin between operating costs and revenue has appreciably closed up, Hoggard said in a statement.
Given half of what we get paid is spent locally, this will impact the towns, but the cities are not immune, he said.
However, farmers are confident that the payout would progressively rise later in the season as prices recovered.
This is not the death of dairying and nor is it