
Image from viator (see http://bit.ly/1v5FBtb)
Yesterday left many dairy farmers feeling a little seasick. Fonterra NZ announced a drop in the Kiwi farmgate milk price from $6.00 to $5.30 per kg of milk solids.
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Image from viator (see http://bit.ly/1v5FBtb)
What lovely forage oats at the perfect stage to graze! But we can’t. The paddock is too mushy.
Since I took over management of the family farm in 2008, we’ve had a drought, a record price, an unprecedented milk price collapse, unheard-of grub infestation and now, a record-breaking wet season. Volatility in the extreme. Such an unpredictable environment weeds out rash risk-takers in the long term.
We’re seeing urban parallels while the world’s economies reel from one shock after another and the gold price soars as investors scurry for safety. Conservatism is suddenly universally in vogue.