Andrew Grenfell and Conor McElhinney, partners from McGrathNicol talk about dairy prices.
Dairy prices are down and Fonterra has cut the payout to $3.90/kg, and the media coverage is around struggling farmers, an under-performing co-op and the need for support from banks and the Government. But what about the flow-on effects of low prices on those reliant on the dairy industry?
NZIER has estimated in 2009/10 that $3.6 billion was spent on domestically produced intermediate inputs, such as fertiliser, feed, livestock services and maintenance.
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