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Dairy farmers urged to clear debt while payouts rise

Author
Newstalk ZB,
Publish Date
Tue, 18 Mar 2025, 7:33am
Photo / File
Photo / File

Dairy farmers urged to clear debt while payouts rise

Author
Newstalk ZB,
Publish Date
Tue, 18 Mar 2025, 7:33am

Dairy farmers are being urged to pay down debt while they're in a good position to do so. 

Fonterra's already forecasting a midpoint of $10 this season. 

Industry organisation Dairy NZ expects the situation to continue, forecasting a payout above $10 next season. 

DairyNZ Head of Economics Mark Storey told Mike Hosking it's a good chance to clear debt while payouts are rising, and interest rates are falling. 

He says farmers have been making repayments in the last few seasons, and they should continue to do so. 

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