Podcasts Other The Mike Hosking Breakfast Mark Neal: Head of Data Science at Dairy NZ on the drop in profits and rise in expenses for dairy farmers

Mark Neal: Head of Data Science at Dairy NZ on the drop in profits and rise in expenses for dairy farmers

Published: June 26, 2024, 8:24 p.m.

It's a tough time for dairy farmers with expenses up and profits down.\xa0

An industry survey has shown a suite of challenges for dairy producers including a drop in the payout for milk solids and a reduction in herd size.\xa0

It's caused operating profits to be down 27%.\xa0

Mark Neal, Head of Data Science at Dairy NZ, told Mike Hosking that it's emblematic of wider economic challenges.\xa0

He says farmers, like the rest of New Zealanders, are battling inflation and are being forced to watch costs.\xa0

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