Milkfat payout 330c
PA Wellington The Dairy Board’s end-of-season payout to farmers is to be about 330 cents a kilogram of milkfat — 25 per cent more than last year. The payout, finalised this month, results from buoyant overseas prices for dairy products. Last year, the final end-of-season payout, paid by the board to the dairy companies which are owned co-opera-tively by dairy farmers, was 264 cents.
The figure is an average. Some companies, such as those making speciality products, receive more and some less.
The money is paid from the surplus which the board, virtually the sole exporter of dairy produce, is left with at the end of the trading year. Last year the dairy industry earned $1152 million overseas. This year the figure is likely to top $l3OO million.
The healthy return for dairy products has halted the long-standing decline in the number of dairy farmers. There are now about 14,500 dairy farmers, about the same number as at the beginning of thb according to the board.
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Press, 4 June 1982, Page 19
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168Milkfat payout 330c Press, 4 June 1982, Page 19
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