The Fonterra milk price, farmers and the NZ economy

When Fonterra announced their milk price for the upcoming season, Xero reached out to Mike Frew, Managing Partner for BNZ’s Waikato region, and Merv Gyde, Director at Te Awamutu accounting firm Gyde Wansbone about what this means for farmers and the wider New Zealand economy.

Yesterday, Fonterra set their opening milk price at $7.00 per kilogram of milksolids for the 2014/15 season. They also revised their forecast of the current season, which ends on Saturday from $8.65 down to $8.40.

Mike and Merv talk through the implications for both farmers and the economy in the video below.

Leave a Reply

Your email address will not be published. Required fields are marked *

Beware the Credit Kamikaze

When it comes to making a big decision in life, doing your research and shopping around is usually how you would guarantee the best outcome, right? Well, yes… except for when you’re shopping around for credit. Now that Moula can lend up to $250,000, you might be thinking of taking out a loan to grow your ...

Mel Morris joins Xero as NZ Head of Bookkeeping

New Zealand bookkeeping has undergone an extraordinary transformation over the past decade. Once considered by many a low status backroom job, bookkeeping is now a respected profession within the financial management sector. As Xero remains committed to directly addressing the needs and wants of our customers globally, it’s important we work closely with key figures ...