FARMERS’ RICHER YEAR

Taranaki Daily News, 17 June 1930, Page 11

FARMERS’ RICHER YEAR

YIELD BALANCES LOW PRICES AUCKLAND PRODUCTION GREATER WORTH NEARLY £400,000 MORE. By Telegraph.—Press Association. Auckland, Last Night. With eleven months of the dairying season gone, production in the Auckland province is greater by over 17 per cent, than was the case in the preceding season, and although price levels have been substantially lower the increased yield will more than balance that disadvantage. Dairy production in the province for the past 11 months has totalled 127,523}0001b. of butter-fat, compared with 108,739,0001 b. in the similar period of the previous season, . an., increase of slightly ..over 17 per cent, in favour of the present seasom In an assessment of the. approximate value of .the provincial dairy yield over the two periods of eleven - months the present season again .holds. the advantage, .in spite of the poorer prices. On an average payment of Is 3d per lb. for. butterrfat this season’s financial return . would be £7,970,187. Estimating, the value of last season’s production on the average payment of Is production for the eleven months yielded a return of £7,589,076. On that comparison the Auckland.. dairy farmers should be approximately £381,111 to the good this season.