Farmers under pressure to cope with rising costs

Most costs on dairy farms have risen rapidly in recent years.

While milk prices were satisfactory, dairy farmers were able to cope with these price rises, but will be under pressure to deal with them as they face into 2015, and the prospect of a 25% or greater cut in the price of milk.

Unfortunately there is little room for cutting costs on most farms. Instead, spending more on certain aspects of dairy farming will be most helpful to farmers.