Author Topic: Dairy industry dying in mid-north of South Australia 12.3.2013  (Read 879 times)

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Dairy industry dying in mid-north of South Australia 12.3.2013
« Reply #1 on: March 12, 2013, 12:55:15 PM »
Dairy industry dying in mid-north of South Australia

By Annabelle Homer

 Tuesday, 12/03/2013

 
The dairy industry in South Australia's mid north is on the verge of collapse, with four farms closing in the last four months.
 
Only 16 dairy farmers remain in the Barossa and Mid North region, compared to the 475 farms there 30 years ago.
 
Blyth dairy farmer Gary Zweck says years of drought, poor prices, and high feed and water costs have led the banks to foreclose on many farms.
 
He says his operation has been treading water for five years:
 
"It's the volatility of the whole thing that's really upsetting," he said.
 
"To have years previous to the GFC that got to 50 cents (a litre for milk), and then have the GFC to find that milk prices are driven by speculators not by markets, then to have it drop and then slowly creeping back up to 42 last year on average and then back to 37 to 28 this year," he said.
 
"It's just that volatility which is just to hard on dairy farming, it's too tough."


http://www.abc.net.au/rural/news/content/201303/s3713326.htm