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Inflation and interest rates may lead to dairy farmers struggling to break even

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Newstalk ZB,
Publish Date
Tue, 25 Jul 2023, 8:27pm

Inflation and interest rates may lead to dairy farmers struggling to break even

Author
Newstalk ZB,
Publish Date
Tue, 25 Jul 2023, 8:27pm

Rampant inflation and rising interest rates may create difficult times for dairy farmers in the coming months.

Higher farming costs, fast-rising interest rates, and lower prices mean some farmers could struggle to break even- or wind up in debt.

The Country's Jamie Mackay says the debt servicing has gone up from $0.50/kgMS to $1.20/kgMS, creating extra struggle for dairy farmers.

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