Dairy farmers advised to reinvest sooner rather than later by Laurence Gould Partnership

UK - Dairy farmers seeking to reinvest should do it now, according to consultant Laurence Gould Partnership.
calendar icon 13 October 2006
clock icon 1 minute read
With low quota prices and interest rates, the net milk price was higher than it had been for the past 10 years, said consultant Claire Kingston.

"In 2006 the milk price net of bought quota has been 17.16p/litre, compared with just 9.72p/litre in 1997," she said.

Producers should therefore stop using current prices as an excuse for inaction. "Too many people are sitting on the fence. But from hereon in it is probable that the single farm payment will fall and you will need to plan.

"There are a number of profitable dairy businesses and for those who see a future in the industry, now is a good time to reinvest."

Source: fwi.co.uk
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