Dairy farmers face tough times

Affected by drought and battling to cope with technological change and industry rationalisation, the dairy industry in Australia has endured lean times. And, IBISWorld predicts, the outlook for the future is only slightly better.

In the five years to 2007-08, revenue in the Australian dairy industry will grow by a measly 0.2% on average each year to $3.39 billion in 2006-07.