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DairyTas Farmers Australia's Most Confident Says Report - Dairy farmers in Tasmania are more confident about the future of their businesses than any of their interstate colleagues, according to the National Dairy Farmer Survey - DairyAustralia.com.au
DairyTas Farmers Australia's Most Confident Says Report

 

NewswireToday - /newswire/ - Southbank, Victoria, Australia, 2014/05/28 - Dairy farmers in Tasmania are more confident about the future of their businesses than any of their interstate colleagues, according to the National Dairy Farmer Survey - DairyAustralia.com.au.

   
 
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Dairy farmers in Tasmania are more confident about the future of their businesses than any of their interstate colleagues, according to the National Dairy Farmer Survey published today by Dairy Australia as part of the 2014 Situation and Outlook Update Report.

‘Rises in farmgate milk prices and improved profitability have nearly doubled positive farmer sentiment in Tasmania to the highest level since 2008 with 91% positive about their business this year compared to 50% last year,” said Norman Repacholi, Commercial and Research Analysis Manager at Dairy Australia.

“Tasmania’s dairy farmers are reaping the benefits of high international commodity prices brought about by the Asian dairy boom and they are among the most likely to be in an expansion phase,” said Mr Repacholi.

“The Survey shows that 68% of Tasmanian dairy farmers made a profit in 2012/13 and 84% expect to make a profit this year: 66% of those expect to receive higher profits than their five year average,” he said.

The Survey also reveals that 45% of DairyTas farmers intend to invest in their business in the coming year and that milk production is anticipated to increase 9.2%.

While low farmgate milk prices are still a concern for Tasmanian dairy farmers, labour, high input costs and the fear of future climatic challenges loom even larger for those interviewed..

Dairy Australia’s initial forecast for 2014/15 is for national volumes to reach 9.3 to 9.4 billion litres, an increase of around 2% on the expected 2013/14 total.

The NDFS was released as part of Dairy Australia’s annual Situation and Outlook report. The report lists overall farm performance results for DairyTas farmers (see table).

A total of 1000 farmers were surveyed across Australia in February this year for the annual NDFS. The survey examined farmer attitudes and intentions interviewing 80 Tasmanian dairy farmers. This information is invaluable for forward planning by the whole industry.

Dairy Tasmania: Key facts

Positive about industry future / 91%
Made operating profit 2012/13 / 68%
Anticipating operating profit 2013/14 / 84%
Made capital investment 2012/13 / 55%
Planning capital investment 2013/14 / 45%
Forecast net change in herd 2013/14 / +5.1%
Forecast net change in production 2013/14 / +9.2%
Milk production 2013/14 (million litres) 791
Share of national production / 9%

Dairy Australia (dairyaustralia.com.au) is the national services body for the Australian dairy industry. The company acts as the collective investment arm of the industry, investing in essential research, development, extension and industry services.

 
 
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Written by / Agency / Source: Dairy Australia

 
 

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DairyTas Farmers Australia's Most Confident Says Report

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Publisher Contact: Mark Pearce - DairyAustralia.com.au 
+61(3) 9694 3809 / (4) 1754 0059 (Mobile) mpearce[.]dairyaustralia.com.au
 
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