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Financial belts tighten after dairy price drop

There will be little financial wriggle-room this year for Waikato/Bay of Plenty dairy farmers in the wake of the revised forecast from Fonterra, but the average farm should make it through this year, AgFirst agricultural consultant Phil Journeaux said at a seminar in Hamilton where the company launched its 2014 financial survey...

Farmers put Fonterra on notice

AgFirst consultant Phil Journeaux told a seminar in Hamilton last week advances totalling $4.30 would come until the end of June, which included 25c/kg for capacity adjustment...

Hold on farmers, for a bumpy ride

Don't panic!  That is the advice AgFirst consultant James Allen had for the region's dairy farmers in the wake of Fonterra slashing its milk price forecast to $5.30/kgMS...

Cashflow is the oxygen of your business

While I am passionate about the dairy industry and its future, it is time to put aside some of the hyperbole in the industry about how wonderful we are, recognise that our dairy farms fit into the small to medium business category and recognise the number one reason for failure of small businesses is the lack of cash flow...