'Brutal' outlook for NZ dairy farmers

By Gerard Hutching
Updated September 24 2015 - 2:31pm, first published May 28 2015 - 10:00am
Dairy cows in New Zealand.
Dairy cows in New Zealand.

NEW Zealand's Federated Farmers have predicted the next six months will be "brutal" for dairy farmers as they cope with tight cash flows following Fonterra's announcement of a cut in this season's milk payout price to NZ$4.40 per kilograms of milk solids.

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