31-07-2014 01:25 AM | New Zealand

Dairy farmers urged to trim the fat

Dairy farmers should trim the fat and pay close attention to farm costs this season after Fonterra cut its forecasted milk price yesterday, DairyNZ says.

The industry body is urging farmers to run the ruler over their spending after the expected payout was lowered by $1 a kilogram of milksolids to $6/kg for the 2014-15 season.

Farmers were told the lower milk price meant volatility was part of everyday life and they would have to be conservative when making farm decisions this season.
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