11-12-2012 08:49 AM | New Zealand

Dairy farmers welcome payout boost

Taranaki dairy farmers have received a confidence boost from Fonterra's announcement yesterday of a 25 cent lift in this season's payout.

They're also thrilled at the 40c lift to $4.25 in the dairy giant's January advance payment - effectively a backpay for the season to date, which for most farmers represents half their production.
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